FAQ: Olenox Energy's Aggressive Drilling Program and Production Goals

What is the main announcement from Safe & Green Holdings regarding Olenox Energy?

Olenox Energy, a wholly owned subsidiary of Safe & Green Holdings, is advancing an aggressive drilling program set to begin in the fourth quarter of 2025, with expansion planned throughout 2026 to strengthen its energy production base.

What production goal has Olenox Energy set and by when?

The company is targeting a production goal of 1,000 barrels of oil equivalent (BOE) per day by year-end 2026.

Where will the drilling activities take place?

Olenox is evaluating drilling sites on leases it currently holds in Texas, Kansas, and Oklahoma.

How does Olenox Energy’s operational approach incorporate technology?

The company leverages vertically integrated operations with AI-enabled wellsite monitoring and collaborates with OneQode to ensure secure, real-time data flow for production optimization.

Why is this drilling program significant beyond just production increases?

Recent partnerships and infrastructure upgrades align with U.S. energy independence goals and digital resilience, making this initiative strategically important for national energy security.

What is the timeline for the initial drilling activities?

The aggressive drilling program is set to begin in the fourth quarter of 2025, with Olenox intending to complete at least one new drilling project before the end of that period.

How does this initiative fit into the company’s broader strategy?

This drilling program is part of the company’s strategy to strengthen its energy production base by ramping up both legacy and new well development within its oil and gas portfolio.

Where can investors find the latest news and updates about Safe & Green Holdings?

The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX.