Innovation Beverage Group Limited filed a Form 6-K on November 3, 2026, reporting that its approximately 51%-owned subsidiary BlockFuel Energy Inc. issued a press release on October 28, 2026, announcing progress in developing its Central Oklahoma energy assets.

Key Highlights

  • Subsidiary stake: BlockFuel Energy Inc. is described as currently approximately 51% owned by Innovation Beverage Group Limited, according to the filing.
  • Well permitting: The filing reports advancement of permitting for the proposed Steinman #1-23 well in Central Oklahoma.
  • Drilling timeline: Drilling of the Steinman #1-23 well is expected to commence in early December 2026, according to the press release cited in the filing.
  • Computing equipment: BlockFuel Energy has installed and commenced operation of initial natural gas-powered computing and data mining equipment near Stillwater, Oklahoma, the filing states.
  • Signed by CEO: The report was signed by Sahil Beri, Chief Executive Officer of Innovation Beverage Group Limited, on November 3, 2026.

BlockFuel Energy Reports Oklahoma Asset Development Activity

Innovation Beverage Group Limited (NASDAQ:IBG) submitted a Form 6-K to the U.S. Securities and Exchange Commission on November 3, 2026, covering events for the month of October 2026. The filing references a press release issued by BlockFuel Energy Inc. on October 28, 2026, which the filing characterizes as announcing "progress in developing its Central Oklahoma energy assets."

According to the filing, BlockFuel Energy's disclosed activities include two distinct developments. First, permitting for the proposed Steinman #1-23 well has advanced, with drilling expected to commence in early December 2026. Second, the company reported the installation and commencement of operation of its "initial natural gas-powered computing and data mining equipment near Stillwater, Oklahoma." The filing does not provide additional financial figures or operational metrics beyond these disclosures.

The Form 6-K was filed under Commission file number 001-42278. Innovation Beverage Group Limited is incorporated and headquartered at 29 Anvil Road, Seven Hills, New South Wales, Australia. The company files annual reports under Form 20-F as a foreign private issuer. The press release from BlockFuel Energy Inc., dated October 28, 2026, is attached to the filing as Exhibit 99.1.

What Was Disclosed

Innovation Beverage Group Limited filed a Form 6-K reporting that its approximately 51%-owned subsidiary, BlockFuel Energy Inc., announced permitting progress for the Steinman #1-23 well and the start of natural gas-powered computing operations near Stillwater, Oklahoma.