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Black Ridge Oil & Gas Exploring Strategic Alternatives
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Black Ridge Oil & Gas, Inc. has undertaken a strategic review to identify, review and explore alternatives for the Company, including a merger, acquisition, or a business combination.
The Company does not intend to disclose developments relating to its strategic review unless and until its Board of Directors has approved a specific agreement or transaction.
The company has assets in the Bakken/Three Forks.
Black Ridge CEO Ken DeCubellis said: "Black Ridge recently completed the successful creation of a Special Purpose Acquisition Corporation (SPAC) and the formation of Allied Esports Entertainment, a public company with the symbol NASDAQ:AESE. Today, Black Ridge is a public company in good standing with about $10 million of AESE stock, a strong management team, NOL’s totaling $26 million, and the ability to [seek an] up-list to NASDAQ. We see a number of opportunities for Black Ridge going forward and we are actively evaluating strategies for unlocking shareholder value including a merger or acquisition. We look forward to providing Black Ridge shareholders with our future plan for Black Ridge at the culmination of this process.”
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