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. 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.
Argo Gold Inc. (OTC: ARBTF) ha comunicato i risultati della produzione di petrolio di maggio 2025, raggiungendo una produzione totale di 2.725 barili nel mese, con una media di 88 barili al giorno. L'azienda ha generato un ricavo petrolifero di 167.534 dollari, con un prezzo medio del petrolio di 61,50 dollari canadesi per barile.
Il flusso di cassa operativo netto della società ha raggiunto i 84.600 dollari per maggio 2025. La produzione è derivata da cinque pozzi: Lindbergh 1 (interesse 37,5%), Lloyd 1 (interesse 18,75%), Lindbergh 2 (interesse 37,5%), Lloyd 2 (interesse 23,077%) e Lindbergh 3 (interesse 18,75%), con tassi di produzione e contributi di ricavo variabili.
Argo Gold Inc. (OTC: ARBTF) reportó sus resultados de producción de petróleo de mayo de 2025, alcanzando una producción total de 2,725 barriles para el mes, con un promedio de 88 barriles por día. La compañía generó ingresos por petróleo de $167,534, con precios del petróleo que promediaron 61.50 dólares canadienses por barril.
El flujo de caja operativo neto de la empresa alcanzó los $84,600 en mayo de 2025. La producción provino de cinco pozos: Lindbergh 1 (participación del 37.5%), Lloyd 1 (participación del 18.75%), Lindbergh 2 (participación del 37.5%), Lloyd 2 (participación del 23.077%) y Lindbergh 3 (participación del 18.75%), con tasas de producción y contribuciones de ingresos variables.
Argo Gold Inc. (OTC: ARBTF)는 2025년 5월 석유 생산 실적을 보고하며, 해당 월 총 2,725배럴을 생산했고 일평균 88배럴을 기록했습니다. 회사는 평균 배럴당 캐나다 달러 61.50의 유가로 석유 매출 167,534달러를 창출했습니다.
회사의 2025년 5월 순영업현금흐름은 84,600달러에 달했습니다. 생산은 다섯 개 유정에서 이루어졌으며, Lindbergh 1 (지분 37.5%), Lloyd 1 (지분 18.75%), Lindbergh 2 (지분 37.5%), Lloyd 2 (지분 23.077%), Lindbergh 3 (지분 18.75%)가 각각 다른 생산량과 수익 기여도를 보였습니다.
Argo Gold Inc. (OTC : ARBTF) a annoncé ses résultats de production pétrolière pour mai 2025, atteignant une production totale de 2 725 barils pour le mois, avec une moyenne de 88 barils par jour. La société a généré un chiffre d'affaires pétrolier de 167 534 $, avec un prix moyen du pétrole de 61,50 $ CAD par baril.
Le flux de trésorerie opérationnel net de l'entreprise a atteint 84 600 $ en mai 2025. La production provenait de cinq puits : Lindbergh 1 (intérêt de 37,5 %), Lloyd 1 (intérêt de 18,75 %), Lindbergh 2 (intérêt de 37,5 %), Lloyd 2 (intérêt de 23,077 %) et Lindbergh 3 (intérêt de 18,75 %), avec des taux de production et des contributions aux revenus variables.
Argo Gold Inc. (OTC: ARBTF) meldete seine Ölproduktionszahlen für Mai 2025 und erzielte eine Gesamtproduktion von 2.725 Barrel im Monat, mit einem Durchschnitt von 88 Barrel pro Tag. Das Unternehmen erzielte Öleinnahmen von 167.534 US-Dollar bei einem durchschnittlichen Ölpreis von 61,50 kanadischen Dollar pro Barrel.
Der Netto-Betriebscashflow des Unternehmens erreichte im Mai 2025 84.600 US-Dollar. Die Produktion stammte aus fünf Bohrlöchern: Lindbergh 1 (37,5% Beteiligung), Lloyd 1 (18,75% Beteiligung), Lindbergh 2 (37,5% Beteiligung), Lloyd 2 (23,077% Beteiligung) und Lindbergh 3 (18,75% Beteiligung), mit unterschiedlichen Produktionsraten und Einnahmebeiträgen.
- 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
- 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
| 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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