BlockFuel Energy Acquires Oil, Gas Assets, Associated Infrastructure In Oklahoma; Financial Terms Undisclosed

Innovation Beverage Group Ltd.

IBG

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BlockFuel Energy, Inc. ("BlockFuel" or the "Company"), an independent energy and infrastructure company focused on conventional energy production and next-generation utility infrastructure development, today announced the acquisition of producing oil and gas assets and associated infrastructure located in Payne County, Oklahoma. BlockFuel Energy Inc. is currently 51% owned by Innovation Beverage Group Limited (NASDAQ:IBG), which has announced a proposed merger of the two companies.

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