INFO:

BGX-Black Gold Exploration Corp. (CSE: BGX) holds a 95% interest in the El Carmen hydrocarbon project. The property is located in the Chubut Province about 7 kilometers from the Atlantic coast, along the northern margin of San Jorge Cretaceous age sedimentary basin. The San Jorge Basin ranks second of the five producing basins in Argentina, and has proven oil reserves of about 160 million cubic meters (a billion barrels).