Argo's March 2025 Oil Production
Argo Gold Inc (ARBTF) reported its March 2025 oil production results, achieving a total output of 3,249 barrels for the month, averaging 105 barrels per day.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Argo Gold Inc (ARBTF) reported its March 2025 oil production results, achieving a total output of 3,249 barrels for the month, averaging 105 barrels per day. With oil prices averaging CDN$65 per barrel, the company generated revenue of $211,595 and net operating cash flow of $112,770.
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). In April 2025, Argo paid an annual Alberta tax of $130,619 on its 2024 oil production on freehold lands.
Positive
- Revenue generation of $211,595 from oil production
- Positive net operating cash flow of $112,770
- Steady production across multiple wells with 105 bbl/day average
Negative
- Lloyd 2 well operating at a loss with negative cash flow of $1,440
- Significant annual tax payment of $130,619 on freehold lands
- Relatively low oil price environment at CDN$65 per barrel
Details
News Market Reaction – ARBTF
The recorded move for ARBTF in the trading session of this news was -9.60%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN
| March 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 103 bbl/day | 39 bbl/day | ||
| Lloyd 1 ( | 142 bbl/day | 27 bbl/day | ||
| Lindbergh 2 ( | 64.5 bbl/day | 24 bbl/day | ||
| Lloyd 2 ( | 5 bbl/day | 1 bbl/day | ( | |
| Lindbergh 3 ( | 77 bbl/day | 14 bbl/day | ||
| March 2025 Total | 105 bbl/day | |||
In April 2025, Argo paid an annual Alberta tax on its 2024 oil production on freehold lands of
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/251731
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.