· ISIN: CA04016J1021
·
Newsfile (ID: 259465)
21 Juli 2025 03:36PM
Argo's May 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2025 oil production was a total of 2,725 barrels for the month, averaging 88 barrels per day. Oil prices averaged CDN $61.50 per barrel and Argo's May oil revenue was $167,534 and net operating cash flow was $84,600.
| May 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 (37.5% interest) | 91 bbl/day | 34 bbl/day | $65,101 | $34,490 |
| Lloyd 1 (18.75% interest) | 91 bbl/day | 17 bbl/day | $33,938 | $13,212 |
| Lindbergh 2 (37.5% interest) | 50 bbl/day | 19 bbl/day | $35,914 | $16,829 |
| Lloyd 2 (23.077% interest) | 12 bbl/day | 3 bbl/day | $4,335 | $559 |
| Lindbergh 3 (18.75% interest) | 79 bbl/day | 15 bbl/day | $28,246 | $15,509 |
| May 2025 Total | 88 bbl/day | $167,534 | $84,600 | |
About Argo Gold
Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
www.argogold.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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