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 initiative targets oil well operators worldwide, offering an environmental solution that aligns profitability with sustainability.
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 established through an audit of recent production history. For instance, if a well currently produces 20 barrels per day, that baseline remains untouched. If the application of Kubera's CG-100 green chemistry increases output to 60 barrels per day, the incremental 40 barrels are shared on a collaborative revenue basis.
Operators maintain complete control over implementation, using their own field crews for on-site processes. Kubera provides only the engineering and proprietary green chemistry, with assistance available at the operator's explicit request. This approach ensures operational continuity and comfort for operators.
The CG-100 product is certified green, contrasting with toxic alternatives like acid washes or hot oiling. It uses advanced green emulsification and targeted structural breakdown to address downhole bottlenecks such as macrocrystalline paraffin waxes, asphaltene aggregations, and organic binder scales. The technology lowers interfacial tension, alters wettability to a water-wet state, and encapsulates wax molecules in micelles for permanent fluidization.
Kubera is actively seeking multi-well regional partnerships with E&P operators, asset managers, and operations directors worldwide. Interested parties can submit asset information for a full assessment. For more details on the GOR program, visit the official web portal at www.kuberablackenergy.com.
Additionally, CleanGo intends to close a non-brokered private placement of up to 974,025 units at $0.77 per unit, raising up to approximately $750,000. Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at $0.85 for two years. Proceeds will be used for general working capital and corporate purposes. The securities will be subject to a four-month statutory hold period.
This announcement underscores CleanGo's commitment to merging environmental responsibility with oil production efficiency, a move that could redefine industry standards if the GOR program gains traction.
