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. 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.
Argo Gold Inc (ARBTF) ha comunicato i risultati della produzione di petrolio di marzo 2025, raggiungendo un totale di 3.249 barili nel mese, con una media di 105 barili al giorno. Con un prezzo medio del petrolio di 65 dollari canadesi per barile, l'azienda ha generato un ricavo di 211.595 dollari e un flusso di cassa operativo netto di 112.770 dollari.
La produzione della società è derivata da cinque pozzi: Lindbergh 1 (37,5% di interesse), Lloyd 1 (18,75% di interesse), Lindbergh 2 (37,5% di interesse), Lloyd 2 (18,75% di interesse) e Lindbergh 3 (18,75% di interesse). Ad aprile 2025, Argo ha versato una tassa annuale dell'Alberta di 130.619 dollari sulla produzione petrolifera del 2024 su terreni privati.
Argo Gold Inc (ARBTF) reportó sus resultados de producción de petróleo de marzo de 2025, alcanzando una producción total de 3,249 barriles durante el mes, con un promedio de 105 barriles por día. Con un precio promedio del petróleo de 65 dólares canadienses por barril, la compañía generó ingresos de 211,595 dólares y un flujo neto de caja operativo de 112,770 dólares.
La producción de la empresa provino de cinco pozos: Lindbergh 1 (37.5% de participación), Lloyd 1 (18.75% de participación), Lindbergh 2 (37.5% de participación), Lloyd 2 (18.75% de participación) y Lindbergh 3 (18.75% de participación). En abril de 2025, Argo pagó un impuesto anual de Alberta de 130,619 dólares sobre su producción petrolera de 2024 en tierras privadas.
Argo Gold Inc (ARBTF)는 2025년 3월 석유 생산 실적을 발표하며, 해당 월 총 생산량 3,249 배럴, 일평균 105 배럴을 기록했습니다. 배럴당 평균 유가가 캐나다 달러 65달러인 가운데, 회사는 211,595달러의 수익과 112,770달러의 순운영현금흐름을 창출했습니다.
회사의 생산은 다섯 개의 유정에서 나왔으며, Lindbergh 1 (지분 37.5%), Lloyd 1 (지분 18.75%), Lindbergh 2 (지분 37.5%), Lloyd 2 (지분 18.75%), Lindbergh 3 (지분 18.75%)가 포함됩니다. 2025년 4월에 Argo는 2024년 자유 보유 토지에서의 석유 생산에 대해 연간 앨버타 세금 130,619달러를 납부했습니다.
Argo Gold Inc (ARBTF) a publié ses résultats de production pétrolière pour mars 2025, atteignant une production totale de 3 249 barils pour le mois, avec une moyenne de 105 barils par jour. Avec un prix moyen du pétrole de 65 dollars canadiens par baril, la société a généré un chiffre d'affaires de 211 595 dollars et un flux de trésorerie net d'exploitation de 112 770 dollars.
La production de l'entreprise provenait de cinq puits : Lindbergh 1 (37,5 % d'intérêt), Lloyd 1 (18,75 % d'intérêt), Lindbergh 2 (37,5 % d'intérêt), Lloyd 2 (18,75 % d'intérêt) et Lindbergh 3 (18,75 % d'intérêt). En avril 2025, Argo a payé une taxe annuelle de l'Alberta de 130 619 dollars sur sa production pétrolière de 2024 sur des terres privées.
Argo Gold Inc (ARBTF) meldete seine Ölförderergebnisse für März 2025 und erreichte eine Gesamtproduktion von 3.249 Barrel im Monat, mit einem Durchschnitt von 105 Barrel pro Tag. Bei einem durchschnittlichen Ölpreis von 65 kanadischen Dollar pro Barrel erzielte das Unternehmen Einnahmen von 211.595 Dollar und einen Netto-Cashflow aus dem operativen Geschäft von 112.770 Dollar.
Die Produktion des Unternehmens stammte aus fünf Bohrlöchern: Lindbergh 1 (37,5 % Beteiligung), Lloyd 1 (18,75 % Beteiligung), Lindbergh 2 (37,5 % Beteiligung), Lloyd 2 (18,75 % Beteiligung) und Lindbergh 3 (18,75 % Beteiligung). Im April 2025 zahlte Argo eine jährliche Steuer in Alberta von 130.619 Dollar auf die Ölförderung von 2024 auf eigenen Grundstücken.
- 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
- 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
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
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