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Black Ridge Oil & Gas Exploring Strategic Alternatives

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   |    Wednesday,October 23,2019

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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