Argo's November Oil Production

Rhea-AI Summary

Argo Gold (OTC Pink: ARBTF) reported November 2025 oil production of 1,970 barrels, averaging 66 bbl/day. Average oil price was CAD$58 per barrel, generating $114,287 in oil revenue and $71,735 in net operating cash flow for the month.

The company provided a facility-level breakdown of Argo's working interest production and cash flow and disclosed a marketing contract with 1001103323 Ontario Inc. dated Jan 19, 2026.

Toronto, Ontario--(Newsfile Corp. - February 9, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") November 2025 oil production was 1,970 barrels, averaging 66 barrels per day. Oil prices averaged CAD$58 per barrel, and Argo's oil revenue was $114,287 and net operating cash flow was $71,735.

November 2025	Oil Production	Argo's interest	Argo's Oil Revenue	Argo's net operating cash flow
Lindbergh 1 (37.5% interest)	44.5 bbl/day	17 bbl/day	$29,047	$18,810
Lloyd 1 (18.75% interest)	76 bbl/day	14 bbl/day	$24,849	$15,316
Lindbergh 2 (37.5% interest)	54.5 bbl/day	20 bbl/day	$35,548	$22,381
Lindbergh 3 (18.75% interest)	76 bbl/day	14 bbl/day	$24,844	$15,228
November 2025 Total		66 bbl/day	$114,287	$71,735

 

Argo disclosed a marketing contract with 1001103323 Ontario Inc. on Jan 19, 2026. 1001103323 Ontario Inc. has a business address located at the 3rd Floor, 39 Queen Street, St. Catharines, Ontario L2R 5G6, and can be reached by phone at (647) 460-9988.

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/283156

FAQ

How much oil did ARBTF produce in November 2025 and what was the daily average?

Argo produced 1,970 barrels in November 2025, averaging 66 barrels per day. According to Argo, facility-level interests produced across Lindbergh and Lloyd assets contributed to the total and are detailed in the company's November production table.

What revenue and net operating cash flow did ARBTF report for November 2025?

Argo reported $114,287 in oil revenue and $71,735 net operating cash flow for November 2025. According to Argo, these figures reflect realized prices averaging CAD$58 per barrel on the company's working interest volumes.

What were the realized oil prices Argo reported for November 2025 (ARBTF)?

Argo reported an average realized oil price of CAD$58 per barrel for November 2025. According to Argo, that average price, combined with working interest volumes, produced the reported monthly revenue and cash-flow results.

Which assets contributed to ARBTF's November 2025 production and how were interests allocated?

Production came from Lindbergh 1, Lindbergh 2, Lindbergh 3, and Lloyd 1 with varying interests (18.75%–37.5%). According to Argo, the table shows each asset's gross bbl/day and Argo's working-interest barrels contributing to the November totals.

Did ARBTF disclose any commercial agreements related to oil marketing in early 2026?

Argo disclosed a marketing contract with 1001103323 Ontario Inc. dated Jan 19, 2026. According to Argo, the notice includes the contractor's business address and phone contact for marketing arrangements.