Argo's February 2025 Oil Production

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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

News Market Reaction

+3.67%

1 alert

+3.67% News Effect

On the day this news was published, ARBTF gained 3.67%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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$73 per barrel and Argo's February oil revenue was $218,586 and net operating cash flow was $131,564.

February 2025	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	105 bbl/day	39.5 bbl/day	$81,344	$55,953
Lloyd 1 (18.75% interest)	128 bbl/day	24 bbl/day	$49,408	$31,224
Lindbergh 2 (37.5% interest)	56 bbl/day	21 bbl/day	$43,261	$18,772
Lloyd 2 (18.75% interest)	6 bbl/day	1 bbl/day	$2,359	($690)
Lindbergh 3 (18.75% interest)	109 bbl/day	20.5 bbl/day	$42,213	$26,306
February 2025 Total		106 bbl/day	$218,586	$131,564

 

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

FAQ

What was Argo Gold's (ARBTF) oil production in February 2025?

Argo Gold produced 2,975 barrels of oil in February 2025, averaging 106 barrels per day.

How much revenue did ARBTF generate from oil production in February 2025?

Argo Gold generated revenue of $218,586 with oil prices averaging CDN$73 per barrel.

What was Argo Gold's net operating cash flow for February 2025?

Argo Gold reported a net operating cash flow of $131,564 for February 2025.

How many oil wells does Argo Gold (ARBTF) operate and what are their interests?

Argo Gold has interests in five wells: Lindbergh 1 (37.5%), Lloyd 1 (18.75%), Lindbergh 2 (37.5%), Lloyd 2 (18.75%), and Lindbergh 3 (18.75%).

Which of Argo Gold's wells performed poorly in February 2025?

Lloyd 2 well performed poorly, producing only 6 barrels per day and generating a negative cash flow of $690.