Argo's May Oil Production

Q: What was Argo Gold's (OTC: ARBTF) total oil production in May 2026?

Argo Gold produced 2,514 barrels of oil in May 2026, averaging 81 barrels per day. According to the company, this production came from five wells at its Lindbergh and Lloyd properties, where it holds working interests between 18.75% and 37.5%.

Q: How much oil revenue did Argo Gold (ARBTF) generate in May 2026?

Argo Gold reported $274,334 in oil revenue for May 2026. According to the company, this revenue was based on an average realized oil price of CAD$109 per barrel from production at its Lindbergh and Lloyd wells in Alberta.

Q: What was Argo Gold's net operating cash flow from oil in May 2026?

Argo Gold reported $180,870 in net operating cash flow from oil operations in May 2026. According to the company, this cash flow was generated from $274,334 of oil revenue across five wells with working interests between 18.75% and 37.5%.

Q: What oil price did Argo Gold realize in May 2026 for ARBTF production?

Argo Gold realized an average oil price of CAD$109 per barrel in May 2026. According to the company, this price applied to 2,514 barrels of production, resulting in $274,334 of oil revenue and $180,870 of net operating cash flow that month.

Q: Which well contributed most to Argo Gold's May 2026 oil cash flow?

According to Argo Gold, the Lloyd 2 well contributed the most to May 2026 results, generating $102,978 in oil revenue and $81,475 in net operating cash flow, with production of 132 barrels per day and Argo’s 23.077% working interest.

Q: What were Argo Gold's working interests in its May 2026 producing wells?

Argo Gold reported working interests of 18.75% to 37.5% in its May 2026 producing wells. According to the company, it held 37.5% in Lindbergh 1 and 2, 18.75% in Lindbergh 3 and Lloyd 1, and 23.077% in Lloyd 2.

Rhea-AI Impact

(Very High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Argo Gold (OTC Pink: ARBTF) reported May 2026 oil production of 2,514 barrels, averaging 81 barrels per day. The average realized oil price was CAD$109 per barrel, generating oil revenue of $274,334 and net operating cash flow of $180,870, according to the company.

Production and cash flow came from five wells: Lindbergh 1, Lindbergh 2, Lindbergh 3 and Lloyd 1, Lloyd 2, where Argo holds working interests ranging from 18.75% to 37.5%. Lloyd 2 contributed the largest share of revenue at $102,978 and net operating cash flow of $81,475.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

May 2026 oil revenue $274,334 with net operating cash flow of $180,870
Average May 2026 realized oil price CAD$109 per barrel
May 2026 production 2,514 barrels, averaging 81 barrels per day
Lloyd 2 well contribution $102,978 revenue and $81,475 net operating cash flow

Negative

None.

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07/16/2026 - 09:15 AM

Toronto, Ontario--(Newsfile Corp. - July 16, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2026 oil production was 2,514 barrels, averaging 81 barrels per day. Oil prices averaged CAD$109 per barrel, and Argo's oil revenue was $274,334 and net operating cash flow was $180,870.

May 2026	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	37 bbl/day	14 bbl/day	$43,888	$22,749
Lloyd 1 (18.75% interest)	71 bbl/day	13 bbl/day	$45,225	$24,513
Lindbergh 2 (37.5% interest)	37 bbl/day	14 bbl/day	$50,237	$32,251
Lindbergh 3 (18.75% interest)	51 bbl/day	10 bbl/day	$32,005	$19,882
Lloyd 2 (23.077% interest)	132 bbl/day	30 bbl/day	$102,978	$81,475
May 2026 Total		81 bbl/day	$274,334	$180,870

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305435

FAQ

What was Argo Gold's (OTC: ARBTF) total oil production in May 2026?

Argo Gold produced 2,514 barrels of oil in May 2026, averaging 81 barrels per day. According to the company, this production came from five wells at its Lindbergh and Lloyd properties, where it holds working interests between 18.75% and 37.5%.

How much oil revenue did Argo Gold (ARBTF) generate in May 2026?

Argo Gold reported $274,334 in oil revenue for May 2026. According to the company, this revenue was based on an average realized oil price of CAD$109 per barrel from production at its Lindbergh and Lloyd wells in Alberta.

What was Argo Gold's net operating cash flow from oil in May 2026?

Argo Gold reported $180,870 in net operating cash flow from oil operations in May 2026. According to the company, this cash flow was generated from $274,334 of oil revenue across five wells with working interests between 18.75% and 37.5%.

What oil price did Argo Gold realize in May 2026 for ARBTF production?

Argo Gold realized an average oil price of CAD$109 per barrel in May 2026. According to the company, this price applied to 2,514 barrels of production, resulting in $274,334 of oil revenue and $180,870 of net operating cash flow that month.

Which well contributed most to Argo Gold's May 2026 oil cash flow?

According to Argo Gold, the Lloyd 2 well contributed the most to May 2026 results, generating $102,978 in oil revenue and $81,475 in net operating cash flow, with production of 132 barrels per day and Argo’s 23.077% working interest.

What were Argo Gold's working interests in its May 2026 producing wells?

Argo Gold reported working interests of 18.75% to 37.5% in its May 2026 producing wells. According to the company, it held 37.5% in Lindbergh 1 and 2, 18.75% in Lindbergh 3 and Lloyd 1, and 23.077% in Lloyd 2.