Argo's March Oil Production

Rhea-AI Summary

Argo Gold (OTC: ARBTF) reported March 2026 oil production of 2,630 barrels, averaging 85 barrels per day. Oil prices averaged CAD$94 per barrel, yielding oil revenue of $248,468 and net operating cash flow of $169,479.

The release breaks production and revenue by well and Argo interest: Lindbergh 1, Lindbergh 2, Lindbergh 3, Lloyd 1 and Lloyd 2, with per-well contributions listed for March 2026.

Toronto, Ontario--(Newsfile Corp. - May 5, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company")  March 2026 oil production was 2,630 barrels, averaging 85 barrels per day. Oil prices averaged CAD$94 per barrel, and Argo's oil revenue was $248,468 and net operating cash flow was $169,479.

March 2026	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating  cash flow
Lindbergh 1 (37.5% interest)	70 bbl/day	26 bbl/day	$75,517	$52,270
Lloyd 1 (18.75% interest)	72 bbl/day	14 bbl/day	$39,862	$29,166
Lindbergh 2 (37.5% interest)	35 bbl/day	13 bbl/day	$37,068	$23,627
Lindbergh 3 (18.75% interest)	50 bbl/day	9 bbl/day	$28,738	$13,252
Lloyd 2 (23.077% interest)	99 bbl/day	23 bbl/day	$67,283	$51,164
March 2026 Total		85 bbl/day	$248,468	$169,479

 

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.

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/296089

FAQ

What was Argo (ARBTF) total oil production in March 2026?

Argo produced 2,630 barrels in March 2026, averaging 85 barrels per day. According to Argo, the figure aggregates production from five wells and reflects Argo's working interest in each well.

How much oil revenue did Argo (ARBTF) report for March 2026?

Argo reported $248,468 in oil revenue for March 2026. According to Argo, this revenue reflects average oil prices of CAD$94 per barrel and the company's share from each producing well.

What was Argo's net operating cash flow for March 2026 (ARBTF)?

Argo reported $169,479 net operating cash flow for March 2026. According to Argo, this figure is the sum of net operating cash flows attributable to the company's interest in each producing well.

Which wells contributed most to Argo's March 2026 production for ARBTF?

Lloyd 2 and Lindbergh 1 were the largest contributors to Argo's March output by working interest. According to Argo, those wells delivered the highest per-well revenue and cash flow shares.

What average oil price did Argo (ARBTF) use to calculate March 2026 revenue?

Argo used an average oil price of CAD$94 per barrel for March 2026 revenue calculations. According to Argo, that average underlies the reported $248,468 in oil revenue.