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 aims to provide oil well operators with a green chemical solution that reduces environmental impact while increasing production, with zero upfront chemical costs.
Under the GOR model, Kubera Black Energy absorbs all upfront chemical costs and risks. Operators retain 100% of revenue from their baseline production, which is established through a technical audit of recent production history. For example, if a well produces 20 barrels per day, that baseline is protected. Any incremental production resulting from the application of CG-100, Kubera’s green chemistry, is split on a collaborative revenue basis. If production rises to 60 barrels per day, the extra 40 barrels generate shared revenue.
Operators maintain control by using their own field crews for implementation. Kubera supplies the engineering and proprietary chemistry but does not handle on-site application unless requested. This ensures operational continuity and comfort for operators.
CG-100 is a certified green product, contrasting with traditional toxic chemicals like acid washes or hot oiling. It uses advanced green emulsification and targeted structural breakdown to permanently resolve downhole bottlenecks such as macrocrystalline paraffin waxes, asphaltene aggregations, and organic binder scales. The technology lowers interfacial tension, alters thermodynamic wettability to a water-wet state, and encapsulates wax molecules in stable 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 assessment through the official web portal at www.kuberablackenergy.com.
In a separate announcement, CleanGo intends to close a non-brokered private placement of up to 974,025 units at a price of $0.77 per unit, for gross proceeds of up to approximately $750,000. Each unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase an additional share at $0.85 for two years from issuance. Net proceeds will be used for general working capital and corporate purposes. The securities will be subject to a statutory hold period of four months and one day.
The GOR program represents a shift in the oil industry by aligning environmental sustainability with economic incentives. By removing upfront costs and protecting baseline production, Kubera reduces risk for operators while promoting greener practices. The private placement will provide CleanGo with additional capital to support its growth initiatives and the expansion of the GOR program.
For more details on the GOR program, visit the official web portal at www.kuberablackenergy.com.
