Argo's August Oil Production
Lloyd 2 contributed $59,276 of August net operating cash flow, the largest contribution among Argo's five oil interests.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Argo Gold (ARBTF) reported August 2026 oil production of 2,838 barrels across its oil interests, averaging 91 barrels per day.
Oil prices averaged CAD$87 per barrel. Oil revenue totaled $247,143, while net operating cash flow was $140,447. Lloyd 2, in which Argo holds a 23.077% interest, contributed $72,683 in revenue and $59,276 in net operating cash flow.
Argo's share of daily production was 23 barrels at Lindbergh 1, 12 at Lloyd 1, 16 at Lindbergh 2, 14 at Lindbergh 3 and 27 at Lloyd 2. Its ownership interests were 37.5% in Lindbergh 1 and Lindbergh 2, and 18.75% in Lloyd 1 and Lindbergh 3. Net operating cash flow from those four interests was $37,742, $5,902, $15,211 and $22,316, respectively, in that ownership-order grouping.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointAugust oil production totaled 2,838 barrels, averaging 91 barrels per day.
- Moderate pointAugust oil revenue totaled $247,143.
- Moderate pointAugust net operating cash flow totaled $140,447.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - October 9, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") August 2026 oil production was 2,838 barrels, averaging 91 barrels per day. Oil prices averaged CAD
| August 2026 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 61 bbl/day | 23 bbl/day | ||
| Lloyd 1 ( | 62 bbl/day | 12 bbl/day | ||
| Lindbergh 2 ( | 43 bbl/day | 16 bbl/day | ||
| Lindbergh 3 ( | 74 bbl/day | 14 bbl/day | ||
| Lloyd 2 ( | 117 bbl/day | 27 bbl/day | ||
| August 2026 Total | 91 bbl/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 Pink: ARBTF) and (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS).
Paul Poggione, President
(613) 277-1989
paul@argogold.ca
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/318184
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much oil did Argo Gold produce in August 2026?
Argo Gold produced 2,838 barrels of oil in August 2026, averaging 91 barrels per day.
What was Argo Gold's August 2026 oil revenue by oil interest?
August oil revenue was $62,094 from Lindbergh 1, $31,526 from Lloyd 1, $43,219 from Lindbergh 2, $37,621 from Lindbergh 3 and $72,683 from Lloyd 2.