In 1994, the original company was formed for the purpose of supplying cleaning and related supplies to condominium corporations, however that actual business never was started. Recently, the reconstituted Company has begun negotiations to acquire certain oil and gas operating leases. These oil and gas fields are located in the several key US states
Black Gold Gas & Oil, Inc. is a Florida Corporation. The Company was organized as an Ontario corporation under the name of First Pioneer Maintenance and Supplies Inc. on November 10, 1994. On March 5, 2005, First Pioneer merged with Black Gold Gas & Oil, Inc., a Florida corporation, with Black Gold being the surviving entity.
On December 7, 2004, Kansas City Financial Concepts Inc. ("KCFC"), a major shareholder of Black Gold entered into an agreement with M'RED Petroleum LLC ("MRED") for the acquisition of working interests in certain oil producing properties. M'RED is a limited liability company. This agreement was assigned to Black Gold on December 8, 2004.