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.
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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
Details
News Market Reaction – ARBTF
The recorded move for ARBTF in the trading session of this news was +3.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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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