Argo's February 2025 Oil Production
Argo Gold Inc. (ARBTF) reported its oil production results for February 2025, achieving a total production of 2,975 barrels for the month, averaging 106 barrels per day. With oil prices averaging CDN$73 per barrel, the company generated revenue of $218,586 and net operating cash flow of $131,564.
The company's production came from five wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (18.75% interest), and Lindbergh 3 (18.75% interest). All wells except Lloyd 2 contributed positively to operating cash flow, with Lloyd 2 recording a small loss of $690.
Argo Gold Inc. (ARBTF) ha comunicato i risultati della produzione di petrolio per febbraio 2025, raggiungendo una produzione totale di 2.975 barili nel mese, con una media di 106 barili al giorno. Con un prezzo medio del petrolio di 73 dollari canadesi per barile, l'azienda ha generato ricavi per 218.586 dollari e un flusso di cassa operativo netto di 131.564 dollari.
La produzione proviene da cinque pozzi: Lindbergh 1 (interesse del 37,5%), Lloyd 1 (interesse del 18,75%), Lindbergh 2 (interesse del 37,5%), Lloyd 2 (interesse del 18,75%) e Lindbergh 3 (interesse del 18,75%). Tutti i pozzi, ad eccezione di Lloyd 2, hanno contribuito positivamente al flusso di cassa operativo, mentre Lloyd 2 ha registrato una piccola perdita di 690 dollari.
Argo Gold Inc. (ARBTF) informó sus resultados de producción de petróleo para febrero de 2025, alcanzando una producción total de 2,975 barriles durante el mes, con un promedio de 106 barriles por día. Con un precio promedio del petróleo de 73 dólares canadienses por barril, la compañía generó ingresos por 218,586 dólares y un flujo de efectivo operativo neto de 131,564 dólares.
La producción de la empresa provino de cinco pozos: Lindbergh 1 (37.5% de participación), Lloyd 1 (18.75% de participación), Lindbergh 2 (37.5% de participación), Lloyd 2 (18.75% de participación) y Lindbergh 3 (18.75% de participación). Todos los pozos excepto Lloyd 2 contribuyeron positivamente al flujo de efectivo operativo, siendo Lloyd 2 el único que registró una pequeña pérdida de 690 dólares.
Argo Gold Inc. (ARBTF)는 2025년 2월 석유 생산 실적을 발표하며, 해당 월 총 2,975 배럴의 생산량과 일평균 106 배럴을 기록했습니다. 배럴당 평균 유가가 캐나다 달러 73달러인 가운데, 회사는 218,586달러의 매출과 131,564달러의 순 영업 현금 흐름을 창출했습니다.
회사의 생산은 다섯 개의 유정에서 나왔으며, Lindbergh 1 (지분 37.5%), Lloyd 1 (지분 18.75%), Lindbergh 2 (지분 37.5%), Lloyd 2 (지분 18.75%), Lindbergh 3 (지분 18.75%)입니다. Lloyd 2를 제외한 모든 유정은 영업 현금 흐름에 긍정적으로 기여했으며, Lloyd 2는 690달러의 소액 손실을 기록했습니다.
Argo Gold Inc. (ARBTF) a publié ses résultats de production pétrolière pour février 2025, atteignant une production totale de 2 975 barils pour le mois, avec une moyenne de 106 barils par jour. Avec un prix moyen du pétrole de 73 dollars canadiens par baril, la société a généré un chiffre d'affaires de 218 586 dollars et un flux de trésorerie opérationnel net de 131 564 dollars.
La production de l'entreprise provient de cinq puits : Lindbergh 1 (37,5 % d’intérêt), Lloyd 1 (18,75 % d’intérêt), Lindbergh 2 (37,5 % d’intérêt), Lloyd 2 (18,75 % d’intérêt) et Lindbergh 3 (18,75 % d’intérêt). Tous les puits, sauf Lloyd 2, ont contribué positivement au flux de trésorerie opérationnel, Lloyd 2 enregistrant une petite perte de 690 dollars.
Argo Gold Inc. (ARBTF) meldete seine Ölproduktionszahlen für Februar 2025 und erzielte eine Gesamtproduktion von 2.975 Barrel im Monat, was einem Durchschnitt von 106 Barrel pro Tag entspricht. Bei einem durchschnittlichen Ölpreis von 73 kanadischen Dollar pro Barrel generierte das Unternehmen Einnahmen von 218.586 Dollar und einen Nettobetriebscashflow von 131.564 Dollar.
Die Produktion stammt aus fünf Bohrlöchern: Lindbergh 1 (37,5% Beteiligung), Lloyd 1 (18,75% Beteiligung), Lindbergh 2 (37,5% Beteiligung), Lloyd 2 (18,75% Beteiligung) und Lindbergh 3 (18,75% Beteiligung). Alle Bohrlöcher außer Lloyd 2 trugen positiv zum operativen Cashflow bei, wobei Lloyd 2 einen kleinen Verlust von 690 Dollar verzeichnete.
- Monthly revenue of $218,586 from oil production
- Positive net operating cash flow of $131,564
- Four out of five wells generating positive operating cash flow
- Lloyd 2 well operating at a loss with negative cash flow of $690
- Low production from Lloyd 2 well at only 6 barrels per day
Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Argo Gold Inc.'s (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2025 oil production was a total of 2,975 barrels for the month, averaging 106 barrels per day. Oil prices averaged CDN
| February 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 105 bbl/day | 39.5 bbl/day | ||
| Lloyd 1 ( | 128 bbl/day | 24 bbl/day | ||
| Lindbergh 2 ( | 56 bbl/day | 21 bbl/day | ||
| Lloyd 2 ( | 6 bbl/day | 1 bbl/day | ( | |
| Lindbergh 3 ( | 109 bbl/day | 20.5 bbl/day | ||
| February 2025 Total | 106 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: ARBTF and XFRA, XSTU, 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/250944
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