Argo's January 2025 Oil Production
Argo's January 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF)
(XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("
Argo
" or the "
Company
") January 2025 oil
production was a total of 3,541 barrels for the month, averaging 114 barrels per day.
Oil prices averaged
CDN$77.65 per barrel and Argo's January oil revenue was $274,990 and net operating cash flow was
$186,454.
January 2025
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
112 bbl/day
42 bbl/day
$101,831
$73,793
Lloyd 1
(18.75% interest)
154 bbl/day
29 bbl/day
$70,058
$46,801
Lindbergh 2
(37.5% interest)
62 bbl/day
23 bbl/day
$54,898
$35,892
Lloyd 2
(18.75% interest)
13 bbl/day
2.5 bbl/day
$5,957
$2,428
Lindbergh 3
(18.75% interest)
93 bbl/day
17.5 bbl/day
$42,246
$27,540
January 2025 Total
114 bbl/day
$274,990
$186,454
Argo's February oil production was approximately 2,971 barrels averaging 106 barrels per day.
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
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/245239