Argo's April 2025 Oil Production
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Argo Gold reported its April 2025 oil production results, achieving a total output of 2,805 barrels for the month, averaging 93.5 barrels per day. With oil prices at CDN$60 per barrel, the company generated oil revenue of $167,959 and net operating cash flow of $95,374. The company's portfolio includes interests in multiple wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (23.077% interest), and Lindbergh 3 (18.75% interest). Notably, Argo increased its operating interest in Lloyd 2 from 18.75% to 23.077%, now covering the entire General Petroleum oil formation, with the partnership paying $75,000 for the additional interest and a potential future bonus payment of $25,000 after 45,000 barrels of cumulative production.
Argo Gold ha comunicato i risultati della produzione di petrolio di aprile 2025, raggiungendo una produzione totale di 2.805 barili nel mese, con una media di 93,5 barili al giorno. Con un prezzo del petrolio di 60 dollari canadesi al barile, la società ha generato ricavi petroliferi per 167.959 dollari e un flusso di cassa operativo netto di 95.374 dollari. Il portafoglio della società comprende partecipazioni in diversi pozzi: Lindbergh 1 (37,5% di interesse), Lloyd 1 (18,75%), Lindbergh 2 (37,5%), Lloyd 2 (23,077%) e Lindbergh 3 (18,75%). In particolare, Argo ha aumentato la sua quota operativa in Lloyd 2 dal 18,75% al 23,077%, coprendo ora l'intera formazione petrolifera General Petroleum; la partnership ha pagato 75.000 dollari per l'interesse aggiuntivo e un eventuale pagamento bonus futuro di 25.000 dollari dopo una produzione cumulativa di 45.000 barili.
Argo Gold informó sus resultados de producción de petróleo de abril de 2025, alcanzando una producción total de 2,805 barriles en el mes, con un promedio de 93.5 barriles por día. Con precios del petróleo en 60 dólares canadienses por barril, la compañía generó ingresos petroleros de 167,959 dólares y un flujo de caja operativo neto de 95,374 dólares. La cartera de la empresa incluye participaciones en varios pozos: Lindbergh 1 (37.5% de interés), Lloyd 1 (18.75%), Lindbergh 2 (37.5%), Lloyd 2 (23.077%) y Lindbergh 3 (18.75%). Cabe destacar que Argo aumentó su interés operativo en Lloyd 2 del 18.75% al 23.077%, cubriendo ahora toda la formación petrolera General Petroleum; la asociación pagó 75,000 dólares por el interés adicional y un posible pago de bonificación futuro de 25,000 dólares tras una producción acumulada de 45,000 barriles.
Argo Gold는 2025년 4월 석유 생산 실적을 발표했으며, 해당 월 총 2,805배럴을 생산하고 일평균 93.5배럴을 기록했습니다. 배럴당 60 캐나다 달러의 유가를 기준으로 회사는 167,959달러의 석유 수익과 95,374달러의 순영업 현금 흐름을 창출했습니다. 회사 포트폴리오에는 Lindbergh 1(지분 37.5%), Lloyd 1(18.75%), Lindbergh 2(37.5%), Lloyd 2(23.077%), Lindbergh 3(18.75%) 등 여러 유정에 대한 지분이 포함되어 있습니다. 특히 Argo는 Lloyd 2의 운영 지분을 18.75%에서 23.077%로 늘려 현재 General Petroleum 석유층 전체를 커버하고 있으며, 파트너십은 추가 지분에 대해 75,000달러를 지불했고, 누적 생산량 45,000배럴 달성 후 25,000달러의 잠재적 보너스 지급이 예정되어 있습니다.
Argo Gold a annoncé ses résultats de production pétrolière pour avril 2025, atteignant une production totale de 2 805 barils pour le mois, avec une moyenne de 93,5 barils par jour. Avec un prix du pétrole à 60 dollars canadiens le baril, la société a généré un chiffre d'affaires pétrolier de 167 959 dollars et un flux de trésorerie opérationnel net de 95 374 dollars. Le portefeuille de la société comprend des participations dans plusieurs puits : Lindbergh 1 (37,5 % d’intérêt), Lloyd 1 (18,75 %), Lindbergh 2 (37,5 %), Lloyd 2 (23,077 %) et Lindbergh 3 (18,75 %). Notamment, Argo a augmenté sa part d’exploitation dans Lloyd 2 de 18,75 % à 23,077 %, couvrant désormais l’intégralité de la formation pétrolière General Petroleum. Le partenariat a versé 75 000 dollars pour cette part supplémentaire, ainsi qu’un éventuel paiement bonus futur de 25 000 dollars après une production cumulative de 45 000 barils.
Argo Gold meldete seine Ölproduktionszahlen für April 2025 mit einer Gesamtproduktion von 2.805 Barrel im Monat und einem Tagesdurchschnitt von 93,5 Barrel. Bei einem Ölpreis von 60 kanadischen Dollar pro Barrel erzielte das Unternehmen Öleinnahmen von 167.959 Dollar und einen Nettobetriebscashflow von 95.374 Dollar. Das Portfolio des Unternehmens umfasst Beteiligungen an mehreren Bohrlöchern: Lindbergh 1 (37,5% Beteiligung), Lloyd 1 (18,75%), Lindbergh 2 (37,5%), Lloyd 2 (23,077%) und Lindbergh 3 (18,75%). Bemerkenswert ist, dass Argo seinen Betriebsanteil an Lloyd 2 von 18,75% auf 23,077% erhöhte und nun das gesamte General Petroleum-Ölvorkommen abdeckt. Die Partnerschaft zahlte 75.000 Dollar für den zusätzlichen Anteil und eine mögliche zukünftige Bonuszahlung von 25.000 Dollar nach einer kumulierten Produktion von 45.000 Barrel.
Positive
- Generated positive net operating cash flow of $95,374 in April 2025
- Increased operating interest in Lloyd 2 to 23.077%, expanding coverage of the General Petroleum oil formation
- Maintained steady production across multiple wells with 93.5 bbl/day average
Negative
- Lloyd 2 well showed negative operating cash flow of -$546
- Relatively low oil price environment at CDN$60 per barrel
- Additional payment obligation of pro-rata share of $25,000 bonus after 45,000 barrels production
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") April 2025 oil production was a total of 2,805 barrels for the month, averaging 93.5 barrels per day. Oil prices averaged CDN
| April 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 98 bbl/day | 37 bbl/day | ||
| Lloyd 1 ( | 131 bbl/day | 25 bbl/day | ||
| Lindbergh 2 ( | 47 bbl/day | 18 bbl/day | ||
| Lloyd 2 ( | 5 bbl/day | 1 bbl/day | - | |
| Lindbergh 3 ( | 72 bbl/day | 13.5 bbl/day | ||
April 2025 Total | 93.5 bbl/day | |||
Argo recently increased its operating interest at Lloyd 2 to
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) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (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/255235
FAQ
What was Argo Gold's (ARBTF) oil production in April 2025?
Argo Gold produced 2,805 barrels of oil in April 2025, averaging 93.5 barrels per day.
How much revenue did ARBTF generate from oil production in April 2025?
Argo Gold generated oil revenue of $167,959 with net operating cash flow of $95,374 in April 2025.
What is Argo Gold's interest in the Lloyd 2 well after the recent increase?
Argo Gold increased its operating interest in Lloyd 2 to 23.077% from 18.75%, now covering the entire General Petroleum oil formation.
How much did Argo Gold pay for the increased interest in Lloyd 2?
The partnership paid $75,000 for the 18.75% interest, with Argo paying its pro-rata share, plus a potential $25,000 bonus after 45,000 barrels production.
What was the average oil price received by ARBTF in April 2025?
The average oil price received was CDN$60 per barrel in April 2025.
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