Sec Form 3 Filing - Edward David @ Blue Gold Ltd - 2026-03-18

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Edward David 2. Issuer Name and Ticker or Trading Symbol Blue Gold Ltd [ BGL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O BLUE GOLD LIMITED, 94 SOLARIS AVENUE, CAMANA BAY 3. Date of Earliest Transaction (MM/DD/YY) 03/18/2026 (Street) GRAND CAYMANKYI-1108 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A ordinary shares 754,620 D Class A ordinary shares 42,070 I By Blue 4D Ltd., the Reporting Person's corporation. ( 1 ) Class A ordinary shares 83,198 I By Blue Perception Capital LLP. ( 2 ) Class A ordinary shares 33,104 I By Spouse.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option $ 1.2 ( 3 ) 12/26/2026 Class A ordinary shares 19,642 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Edward David C/O BLUE GOLD LIMITED 94 SOLARIS AVENUE, CAMANA BAY GRAND CAYMANKYI-1108 X Signatures /s/ Carla Parsons, Attorney-in-Fact 03/18/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reporting Person is the sole owner of Blue 4D Ltd. and as such has sole voting and dispositive power with respect to such shares. ( 2 )Reporting Person has beneficial ownership of 83,198 Class A Ordinary Shares held by Blue Perception Capital LLP ("BPCLLP"). Such Class A Ordinary Shares are Restricted Shares (as defined in the Issuer's Amended and Restated Memorandum and Articles of Association, dated June 24, 2025 (the "MAA")), and such Class A Ordinary Shares may not be transferred to the Reporting Person until such shares are Unrestricted Shares (as defined in the MAA). ( 3 )Reporting Person has beneficial ownership of 19,642 Class A ordinary shares underlying an option (the "BPC Option") to acquire Class A ordinary shares currently held by BPCLLP, a holder of the Issuer's securities, which has reserved them for distribution to the Reporting Person upon exercise of the BPC Option. Such Class A Ordinary Shares issuable to the Reporting Person upon exercise of the BPC Option will be Restricted Shares, and such Class A Ordinary Shares may not be transferred to the Reporting Person until such shares are Unrestricted Shares.

Remarks: Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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