CleanGo Innovations Inc. (CSE: CGII) (OTC: CLGOF) (FRA: APO2) announced that its wholly owned subsidiary, Kubera Black Energy, has officially launched its global Gain of Revenue (GOR) program. The program targets oil well operators worldwide, offering a production-driven model that eliminates upfront chemical costs and provides an environmentally friendly alternative to traditional well stimulation methods.
Under the GOR model, Kubera Black Energy assumes 100 percent of the upfront chemical cost and risk. Operators retain full revenue from their baseline production, which is determined through an audit of recent production history. For instance, if a well produces 20 barrels per day, that baseline is protected. Any incremental production resulting from the application of Kubera's CG-100 green chemistry is shared on a collaborative revenue basis. If production rises to 60 barrels per day, the extra 40 barrels are split between the operator and Kubera.
Operators maintain complete control over implementation, using their own field crews for all on-site procedures. Kubera provides only the engineering expertise and its proprietary green chemistry, with assistance available only at the operator's direct request. This approach ensures operational continuity and comfort for operators.
CG-100 is a certified green product, unlike the toxic chemicals commonly used in the industry, such as acid washes or hot oiling. The formulation uses advanced green emulsification and targeted structural breakdown to permanently resolve downhole production bottlenecks, including paraffin waxes, asphaltene aggregations, and organic binder scales. It lowers interfacial tension, alters wettability to a water-wet state, and encapsulates wax molecules in stable micelles to ensure permanent fluidization.
The GOR program's launch underscores CleanGo's commitment to sustainable solutions in the energy sector. By absorbing upfront costs and aligning incentives with production gains, Kubera aims to make environmentally responsible well optimization accessible to operators globally. The program's success could set a precedent for green chemistry adoption in oil and gas operations, potentially reducing the environmental footprint of conventional production enhancement techniques.
In a separate development, CleanGo intends to close a non-brokered private placement of up to 974,025 units at a price of $0.77 per unit, generating gross proceeds of approximately $750,000. Each unit consists of one common share and one-half of one warrant, with each whole warrant exercisable at $0.85 per share for two years. The company plans to use the net proceeds for general working capital and corporate purposes. The offering is subject to a four-month statutory hold period under Canadian securities laws.
This capital raise will provide CleanGo with additional working capital to support the rollout of the GOR program and other corporate initiatives. The timing of the offering aligns with the company's expansion efforts, as Kubera actively seeks multi-well regional partnerships with E&P operators, asset managers, and operations directors worldwide.
Interested parties can submit asset information for a full assessment of a possible partnership with Kubera Black Energy. More details on the GOR program and technological framework are available at www.kuberablackenergy.com.
CleanGo Innovations specializes in developing early-stage, green, non-toxic and sustainable products for retail, commercial, and industrial applications. Its portfolio includes Green Seal Certified disinfectants that are Health Canada approved to claim 99.9% effectiveness against viruses and bacteria.
