Argo's January Oil Production
Argo's January Oil Production
Toronto, Ontario--(Newsfile Corp. - March 18, 2026) - Argo Gold Inc's.
(CSE: ARQ) (OTC Pink:
ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS)
("
Argo
" or the "
Company
") January
2026 oil production was 2,254 barrels, averaging 73 barrels per day.
Oil prices averaged CAD$57 per
barrel, and Argo's oil revenue was $129,344 and net operating cash flow was $80,891.
January 2026
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
98 bbl/day
37 bbl/day
$63,759
$42,685
Lloyd 1
(18.75% interest)
73 bbl/day
14 bbl/day
$23,529
$14,415
Lindbergh 2
(37.5% interest)
26 bbl/day
10 bbl/day
$19,444
$10,363
Lindbergh 3
(18.75% interest)
66 bbl/day
12 bbl/day
$22,612
$13,428
January 2026 Total
73 bbl/day
$129,344
$80,891
The partial redrill of Lloyd 2 (Argo's interest 23.077%) was recently completed and the collapsed oil well
was successfully brought back online.
Argo Gold also announces that Alex H. Falconer, CPA, CA, has been appointed to the Advisory Board.
Mr. Falconer has extensive board-level experience with public companies, particularly in the mineral
resource and energy sectors. Mr. Falconer has been instrumental in guiding many private companies to
public listings and has served as a Director and Chairman of Audit Committees for many publicly traded
companies.
Argo Gold also announces that effective March 18, 2026, it has granted an aggregate of 500,000
options to purchase common shares of the Company exercisable at a price of $0.12 per share and
expiring on March 18, 2029, to a consultant of the Company.
The common shares issuable upon
exercise of the options, are subject to a four-month hold period from the date of grant.
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/288980