Ohio Pen - Accelerating into Active Oil Production with over 100 Barrels per day now being produced as Dual-revenue engine begins Generating Cash Flow: $IBG

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Nasdaq: IBG Blockfuel Energy Acquisition

Innovation Beverage Group (N A S D A Q: IBG) $IBG combines premium beverage strength with emerging energy output, positioning for scalable growth, tightening float dynamics, and near-term revenue visibility

SEVEN HILLS, Australia - OhioPen -- Innovation Beverage Group (N A S D A Q: IBG) $IBG is rapidly transitioning from a story of potential to one of execution, as new operational updates confirm that its pending merger with BlockFuel Energy is already delivering measurable production and cash flow. With over 100 barrels of oil equivalent per day now being produced and expansion underway, IBG is emerging as a rare small-cap platform bridging consumer beverages with energy production and digital infrastructure.

Following the acquisition of a 51% ownership stake in BlockFuel Energy, IBG has effectively stepped into active energy production ahead of completing the full merger—still on track for the first quarter of 2026. This early-stage integration is already validating the company's dual-revenue model, which combines traditional oil and gas output with forward-looking digital energy applications.

Operational momentum is accelerating. As of early April, 15 wells are actively producing, with an additional 5 wells in the final stages of reactivation and expected to come online imminently. These efforts are part of a capital-efficient strategy focused on restoring production from existing wellbores, significantly reducing upfront costs while maximizing near-term output. Peak production has already reached approximately 100 barrels of oil equivalent per day, with clear visibility toward further increases as recompletion and reactivation programs continue.

The underlying asset base supporting this growth is substantial. BlockFuel's operations are backed by 54 existing wells and infrastructure developed between 2012 and 2018, providing a strong foundation for scalable expansion without requiring heavy capital expenditures. Additionally, all nine saltwater disposal wells are fully operational, ensuring the infrastructure needed to sustain and grow production efficiently.

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Looking ahead, IBG and BlockFuel are evaluating a structured development program centered on vertical drilling across 40-acre spacing. With estimated ultimate recovery of approximately 65,000 barrels of oil equivalent per well and average drilling costs near $700,000, the company is targeting a repeatable, lower-risk pathway to scale production. Complementary recompletion initiatives—costing up to $250,000 per well—offer further upside by unlocking behind-pipe reserves.

At the same time, IBG continues to benefit from its established beverage platform. The company maintains a diversified portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, all supported by exclusive manufacturing rights. With flagship brands such as Australian Bitters, BITTERTALES, Drummerboy Spirits, and Twisted Shaker, IBG remains positioned in premium and super-premium segments designed to challenge legacy incumbents.

This combination of stable consumer product operations and rapidly scaling energy production creates a compelling multi-sector growth profile—one that is further amplified by IBG's capital structure. Following its 5-for-1 reverse split, the company has an exceptionally tight float of just 672,664 shares outstanding, a dynamic that can magnify investor demand as catalysts unfold.

Market dynamics are also intensifying. IBG has remained on the Regulation SHO threshold list for over two weeks due to failures to deliver, while reported borrow rates have exceeded 300% according to Fintel—conditions that may signal elevated short pressure and potential volatility as momentum builds.

Fueling execution, IBG successfully closed a $6 million financing on March 16, 2026. A portion of these proceeds—$2.5 million—has been allocated as a non-interest-bearing loan to BlockFuel to facilitate transaction mechanics tied to the merger, while the remainder supports working capital and ongoing operations.

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Crucially, the company is no longer waiting on future milestones to demonstrate viability. Oil and gas sales have already commenced, providing near-term revenue visibility and reinforcing the strength of the combined model. With onsite natural gas resources offering additional monetization opportunities—particularly in powering high-performance computing and digital asset mining—the foundation is being laid for a vertically integrated, capital-efficient energy platform.

As IBG moves closer to completing its merger with BlockFuel Energy, it is doing so from a position of increasing operational strength. Active production, expanding infrastructure, a dual-revenue framework, and a tightly constrained share structure collectively position the company as a high-impact small-cap story with both immediate traction and long-term scalability.

For more information on IBG visit: : https://www.innovationbev.com/

Media Contact:
Company Name: Innovation Beverage Group Ltd (N A S D A Q:IBG)
Contact: Investor Relations
Email: info@jpcapital.finance
Phone: +61 (02) 9620 4574
Country: Australia
Website: https://blockfuelenergy.com/

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