Argo's May 2025 Oil Production

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

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 $61.50 per barrel and Argo's May oil revenue was $167,534 and net operating cash flow was $84,600.

May 2025	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	91 bbl/day	34 bbl/day	$65,101	$34,490
Lloyd 1 (18.75% interest)	91 bbl/day	17 bbl/day	$33,938	$13,212
Lindbergh 2 (37.5% interest)	50 bbl/day	19 bbl/day	$35,914	$16,829
Lloyd 2 (23.077% interest)	12 bbl/day	3 bbl/day	$4,335	$559
Lindbergh 3 (18.75% interest)	79 bbl/day	15 bbl/day	$28,246	$15,509
May 2025 Total		88 bbl/day	$167,534	$84,600

 

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

FAQ

What was Argo Gold's (ARBTF) oil production in May 2025?

Argo Gold produced 2,725 barrels of oil in May 2025, averaging 88 barrels per day.

How much revenue did Argo Gold (ARBTF) generate from oil in May 2025?

Argo Gold generated $167,534 in oil revenue with a net operating cash flow of $84,600 in May 2025.

What was the average oil price for Argo Gold (ARBTF) in May 2025?

The average oil price for Argo Gold in May 2025 was CDN $61.50 per barrel.

How many oil wells does Argo Gold (ARBTF) have interests in?

Argo Gold has interests in 5 wells: Lindbergh 1 (37.5%), Lloyd 1 (18.75%), Lindbergh 2 (37.5%), Lloyd 2 (23.077%), and Lindbergh 3 (18.75%).

Which of Argo Gold's (ARBTF) wells had the highest production in May 2025?

Lindbergh 1 and Lloyd 1 had the highest production at 91 barrels per day each, with Argo's interest resulting in 34 bbl/day and 17 bbl/day respectively.