Argo's February Oil Production

Q: How much oil did ARBTF produce in February 2026?

Argo produced 1,856 barrels in February 2026, averaging 66 barrels per day. According to the company, per-asset interest production included Lindbergh 1 (31 bbl/day), Lloyd 1 (13 bbl/day), Lindbergh 2 (12 bbl/day), Lindbergh 3 (10 bbl/day).

Q: What were ARBTF's oil revenue and cash flow for February 2026?

Argo reported oil revenue of $113,567 and net operating cash flow of $64,819 for February 2026. According to the company, revenue and cash flow are presented on an Argo-interest basis by field in the release.

Q: What oil price did ARBTF use for February 2026 reporting?

Argo used an average oil price of CAD$61 per barrel for February 2026. According to the company, that average underlies the February revenue and net operating cash flow figures provided.

Q: How did ARBTF's March 2026 production compare to February 2026?

Argo's March 2026 production was 2,630 barrels, averaging 85 bbl/day, up from February's 1,856 barrels (66 bbl/day). According to the company, the March increase followed the Lloyd 2 redrill and the well returning to service.

Argo Gold (OTC: ARBTF) reported February 2026 oil production of 1,856 barrels, averaging 66 bbl/day.

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Rhea-AI Summary

Argo Gold (OTC: ARBTF) reported February 2026 oil production of 1,856 barrels, averaging 66 bbl/day. Oil prices averaged CAD$61 per barrel, generating Argo oil revenue $113,567 and net operating cash flow $64,819.

By asset: Lindbergh 1 contributed an Argo interest 31 bbl/day and $53,912 revenue; Lloyd 1 13 bbl/day and $22,368 revenue; Lindbergh 2 12 bbl/day and $20,432 revenue; Lindbergh 3 10 bbl/day and $16,856 revenue. A partial redrill of Lloyd 2 (23.077% interest) was completed and the well returned online in early March 2026.

Positive

February production 1,856 barrels (66 bbl/day)
Revenue of $113,567 and net operating cash flow $64,819 for February
Lloyd 2 partial redrill completed and collapsed well brought back online in early March 2026

Negative

None.

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04/28/2026 - 09:47 AM EDT

Toronto, Ontario--(Newsfile Corp. - April 28, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2026 oil production was 1,856 barrels, averaging 66 barrels per day. Oil prices averaged CAD$61 per barrel, and Argo's oil revenue was $113,567 and net operating cash flow was $64,819.

February 2026	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	83 bbl/day	31 bbl/day	$53,912	$33,828
Lloyd 1 (18.75% interest)	71 bbl/day	13 bbl/day	$22,368	$12,474
Lindbergh 2 (37.5% interest)	32 bbl/day	12 bbl/day	$20,432	$10,099
Lindbergh 3 (18.75% interest)	52 bbl/day	10 bbl/day	$16,856	$8,418
February 2026 Total		66 bbl/day	$113,567	$64,819

As previously disclosed, the partial redrill of Lloyd 2 (Argo's interest 23.077%) was completed and the collapsed oil well was successfully brought back online in early March 2026. Argo Gold's March 2026 oil production was 2,630 barrels, averaging 85 barrels per 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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294571

FAQ

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How much oil did ARBTF produce in February 2026?

Argo produced 1,856 barrels in February 2026, averaging 66 barrels per day. According to the company, per-asset interest production included Lindbergh 1 (31 bbl/day), Lloyd 1 (13 bbl/day), Lindbergh 2 (12 bbl/day), Lindbergh 3 (10 bbl/day).

What were ARBTF's oil revenue and cash flow for February 2026?

Argo reported oil revenue of $113,567 and net operating cash flow of $64,819 for February 2026. According to the company, revenue and cash flow are presented on an Argo-interest basis by field in the release.

What oil price did ARBTF use for February 2026 reporting?

Argo used an average oil price of CAD$61 per barrel for February 2026. According to the company, that average underlies the February revenue and net operating cash flow figures provided.

What operational update did ARBTF report about Lloyd 2 and its effect?

Argo completed a partial redrill of Lloyd 2 (Argo interest 23.077%) and brought the collapsed well back online in early March 2026. According to the company, March production rose following that work.

How did ARBTF's March 2026 production compare to February 2026?

Argo's March 2026 production was 2,630 barrels, averaging 85 bbl/day, up from February's 1,856 barrels (66 bbl/day). According to the company, the March increase followed the Lloyd 2 redrill and the well returning to service.

Argo's February Oil Production