Argo's Oil Update
Argo's Oil Update
Toronto, Ontario--(Newsfile Corp. - November 11, 2025) - Argo Gold Inc's.
(CSE: ARQ) (OTC Pink:
ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS)
("
Argo
" or the "
Company
") 2025 oil
production – January 1, 2025 to September 30, 2025 – was a total of 24,003 barrels, averaging 88
barrels per day.
Oil prices averaged CAD$68 per barrel, and Argo's oil revenue was $1,631,714 and
net operating cash flow was $913,157.
Lloyd 2 collapsed after six weeks of production in Q4 2024 and after 6 months of almost no oil
production was shut down in June 2025.
As a result of low oil prices, the partial re-drill of Lloyd 2 and the
planned drilling of Lloyd 3 were not completed in 2025.
Monthly oil production for June, July, August and September 2025 are below.
June 2025
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
72 bbl/day
27 bbl/day
$57,633
$28,394
Lloyd 1
(18.75% interest)
79 bbl/day
15 bbl/day
$31,603
$3,685
Lindbergh 2
(37.5% interest)
43 bbl/day
16 bbl/day
$33,343
$3,283
Lindbergh 3
(18.75% interest)
89 bbl/day
17 bbl/day
$33,490
$22,127
June 2025 Total
75 bbl/day
$156,069
$57,489
July 2025
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
74 bbl/day
28 bbl/day
$62,098
$30,933
Lloyd 1
(18.75% interest)
81 bbl/day
15 bbl/day
$33,934
$27,754
Lindbergh 2
(37.5% interest)
56 bbl/day
21 bbl/day
$46,402
$29,699
Lindbergh 3
(18.75% interest)
86 bbl/day
16 bbl/day
$35,868
$23,956
July 2025 Total
80 bbl/day
$178,304
$112,342
August 2025
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
47 bbl/day
18 bbl/day
$33,436
$7,106
Lloyd 1
(18.75% interest)
76 bbl/day
14 bbl/day
$28,896
$16,389
Lindbergh 2
(37.5% interest)
46.5 bbl/day
17.5 bbl/day
$37,982
$24,105
Lindbergh 3
(18.75% interest)
86 bbl/day
16 bbl/day
$32,647
$20,267
August 2025 Total
65.5 bbl/day
$132,961
$67,867
September 2025
Oil Production
Argo's interest
Argo's Oil Revenue
Argo's net operating
cash flow
Lindbergh 1
(37.5% interest)
53 bbl/day
20 bbl/day
$37,333
$22,579
Lloyd 1
(18.75% interest)
76 bbl/day
14 bbl/day
$26,789
$14,740
Lindbergh 2
(37.5% interest)
43 bbl/day
16 bbl/day
$30,297
$17,955
Lindbergh 3
(18.75% interest)
83 bbl/day
15.5 bbl/day
$29,314
$18,202
September 2025 Total
65.5 bbl/day
$123,733
$73,475
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/273980