Argo's May 2025 Oil Production
Argo Gold Inc. (OTC: ARBTF) reported its May 2025 oil production results, achieving total production of 2,725 barrels for the month, averaging 88 barrels per day.
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Rhea-AI Summary
Argo Gold Inc. (OTC: ARBTF) reported its May 2025 oil production results, achieving total production of 2,725 barrels for the month, averaging 88 barrels per day. The company generated oil revenue of $167,534 with oil prices averaging CDN $61.50 per barrel.
The company's net operating cash flow reached $84,600 for May 2025. Production came from five wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), Lindbergh 2 (37.5% interest), Lloyd 2 (23.077% interest), and Lindbergh 3 (18.75% interest), with varying production rates and revenue contributions.
Positive
- Generated $167,534 in oil revenue for May 2025
- Achieved positive net operating cash flow of $84,600
- Maintained steady production across 5 wells with average of 88 barrels per day
Negative
- Relatively modest production volume at 88 barrels per day average
- Oil prices at moderate level of CDN $61.50 per barrel
Details
News Market Reaction – ARBTF
The recorded move for ARBTF in the trading session of this news was -13.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2025 oil production was a total of 2,725 barrels for the month, averaging 88 barrels per day. Oil prices averaged CDN
| May 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 91 bbl/day | 34 bbl/day | ||
| Lloyd 1 ( | 91 bbl/day | 17 bbl/day | ||
| Lindbergh 2 ( | 50 bbl/day | 19 bbl/day | ||
| Lloyd 2 ( | 12 bbl/day | 3 bbl/day | ||
| Lindbergh 3 ( | 79 bbl/day | 15 bbl/day | ||
| May 2025 Total | 88 bbl/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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259465
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