Argo's June Oil Production

Argo Gold details well-level July 2026 oil volumes, pricing, revenue and net operating cash flow from its Lindbergh and Lloyd properties.

Rhea-AI Summary

Argo Gold (ARBTF) reported July 2026 oil production of 2,203 barrels, averaging 71 barrels per day from its Lindbergh and Lloyd assets.

Average realized oil prices were CAD$83 per barrel, generating total oil revenue of $182,443 and net operating cash flow of $109,516. Contributions came from five producing interests: Lindbergh 1, Lindbergh 2, Lindbergh 3, Lloyd 1 and Lloyd 2, with working interests ranging from 18.75% to 37.5%.

Lloyd 2, at 120 barrels per day (28 barrels per day net to Argo), was the largest producer and cash generator for the month.

Positive

• July 2026 production 2,203 barrels, averaging 71 barrels per day
• Average realized oil price CAD$83 per barrel in July 2026
• Oil revenue $182,443 and net operating cash flow $109,516 for July 2026

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - September 18, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") July 2026 oil production was 2,203 barrels, averaging 71 barrels per day. Oil prices averaged CAD$83 per barrel, and Argo's oil revenue was $182,443 and net operating cash flow was $109,516.

July 2026	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	39 bbl/day	15 bbl/day	$36,067	$21,880
Lloyd 1 (18.75% interest)	63 bbl/day	12 bbl/day	$30,480	$15,037
Lindbergh 2 (37.5% interest)	9 bbl/day	3 bbl/day	$8,636	$5,107
Lindbergh 3 (18.75% interest)	72 bbl/day	13 bbl/day	$35,759	$22,132
Lloyd 2 (23.077% interest)	120 bbl/day	28 bbl/day	$71,509	$55,573
July 2026 Total		71 bbl/day	$182,443	$109,516

 

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/314970

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How is Argo Gold’s July 2026 oil production and cash flow distributed across its wells?

In July 2026, Lindbergh 1 produced 39 bbl/day (15 bbl/day net to Argo) with oil revenue of $36,067 and net operating cash flow of $21,880. Lloyd 1 produced 63 bbl/day (12 bbl/day net) with revenue of $30,480 and net operating cash flow of $15,037. Lindbergh 2 produced 9 bbl/day (3 bbl/day net) with revenue of $8,636 and net operating cash flow of $5,107. Lindbergh 3 produced 72 bbl/day (13 bbl/day net) with revenue of $35,759 and net operating cash flow of $22,132. Lloyd 2 produced 120 bbl/day (28 bbl/day net) with revenue of $71,509 and net operating cash flow of $55,573.