· ISIN: CA04016J1021
·
Newsfile Corp. (ID: 250944)
06 May 2025 03:30PM
Argo's February 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Argo Gold Inc.'s (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2025 oil production was a total of 2,975 barrels for the month, averaging 106 barrels per day. Oil prices averaged CDN$73 per barrel and Argo's February oil revenue was $218,586 and net operating cash flow was $131,564.
| February 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 (37.5% interest) | 105 bbl/day | 39.5 bbl/day | $81,344 | $55,953 |
| Lloyd 1 (18.75% interest) | 128 bbl/day | 24 bbl/day | $49,408 | $31,224 |
| Lindbergh 2 (37.5% interest) | 56 bbl/day | 21 bbl/day | $43,261 | $18,772 |
| Lloyd 2 (18.75% interest) | 6 bbl/day | 1 bbl/day | $2,359 | ($690) |
| Lindbergh 3 (18.75% interest) | 109 bbl/day | 20.5 bbl/day | $42,213 | $26,306 |
| February 2025 Total | 106 bbl/day | $218,586 | $131,564 | |
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250944
Visual performance / price development -
Smart analysis and research tools can be found here.
MIC: XOTC
This publication was provided by our content partner Newsfile Corp.
Newsfile Corp
via
Newswire and Regulatory Filing Service
©2025
Newsfile Corp - A TMX Company
