Argo's Oil Update
Argo Gold (OTC: ARBTF) reported oil production for Jan 1–Sep 30, 2025 of 24,003 barrels, averaging 88 barrels per day. Oil prices averaged CAD$68 per barrel, generating $1,631,714 in oil revenue and $913,157 in net operating cash flow for the period.
The company said Lloyd 2 collapsed after six weeks of Q4 2024 production and was shut down in June 2025 after months of minimal output. Low oil prices prevented a partial re‑drill of Lloyd 2 and delayed planned drilling of Lloyd 3 in 2025. Monthly totals show June–September production and revenue volatility, with July peak daily interest at 80 bbl/day and declines in August–September.
Argo Gold (OTC: ARBTF) ha riferito una produzione petrolifera dal 1 gennaio al 30 settembre 2025 di 24.003 barili, con una media di 88 barili al giorno. I prezzi del petrolio hanno mediamente raggiunto CAD$68 al barile, generando $1,631,714 di ricavi petroliferi e $913,157 di flusso di cassa operativo netto per il periodo.
La società ha dichiarato che Lloyd 2 è crollato dopo sei settimane di produzione nel Q4 2024 ed è stato chiuso a giugno 2025 dopo mesi di output minimo. I bassi prezzi del petrolio hanno impedito una riforatura parziale di Lloyd 2 e hanno ritardato la trivellazione prevista di Lloyd 3 nel 2025. Le quantità mensili mostrano volatilità della produzione e dei ricavi da giugno a settembre, con l'interesse di picco mensile a luglio a 80 barili al giorno e cali ad agosto–settembre.
Argo Gold (OTC: ARBTF) informó una producción de petróleo para el 1 ene. al 30 sep. de 2025 de 24,003 barriles, con un promedio de 88 barriles por día. Los precios del petróleo promediaron CAD$68 por barril, generando $1,631,714 en ingresos por petróleo y $913,157 en flujo de efectivo operativo neto para el periodo.
La empresa dijo que Lloyd 2 colapsó después de seis semanas de producción en el Q4 2024 y fue cerrado en junio de 2025 tras meses de producción mínima. Los bajos precios del petróleo impidieron una re‑perforación parcial de Lloyd 2 y retrasaron la perforación planificada de Lloyd 3 en 2025. Totales mensuales muestran volatilidad de la producción y los ingresos de junio a septiembre, con un pico diario en julio de 80 b/d y caídas en agosto-septiembre.
Argo Gold (OTC: ARBTF) 2025년 1월 1일부터 9월 30일까지의 석유 생산량은 24,003배럴이며, 평균 하루 88배럴입니다. 석유 가격은 배럴당 CAD$68로 평균화되어 이 기간의 석유 수익은 $1,631,714, 순영업현금흐름은 $913,157을 생성했습니다.
회사는 Lloyd 2가 2024년 4분기 6주 간의 생산 후 붕괴되었고 2025년 6월에 몇 달간의 낮은 생산으로 인해 가동이 중단되었다고 밝혔습니다. 낮은 석유 가격으로 Lloyd 2의 부분 재시추가가 불가했고 2025년 Lloyd 3의 계획된 시추도 지연되었습니다. 월별 합계는 6월~9월의 생산 및 매출 변동성을 보이며, 7월에 하루 80배럴로 최고치를 기록했고 8월~9월에 하락했습니다.
Argo Gold (OTC: ARBTF) a déclaré une production pétrolière du 1er janv. au 30 sept. 2025 de 24 003 barils, avec une moyenne de 88 barils par jour. Les prix du pétrole ont en moyenne CAD$68 par baril, générant $1 631 714 de revenus pétroliers et $913 157 de flux de trésorerie opérationnel net pour la période.
La société a déclaré que Lloyd 2 s'est effondrée après six semaines de production au cours du Q4 2024 et a été fermé en juin 2025 après des mois de production minimale. Des prix du pétrole bas ont empêché une réforation partielle de Lloyd 2 et ont retardé les forages prévus de Lloyd 3 en 2025. Les totaux mensuels montrent une volatilité de la production et des revenus de juin à septembre, avec un pic journalier de juillet à 80 b/j et des baisses en août-septembre.
Argo Gold (OTC: ARBTF) meldete die Ölproduktion für den Zeitraum 1. Januar bis 30. September 2025 von 24.003 Barrel, im Durchschnitt 88 Barrel pro Tag. Die Ölpreise lagen im Durchschnitt bei CAD$68 pro Barrel, was $1,631,714 Ölumsatzerlöse und $913,157 Nettogeschäftsfluss aus dem operativen Geschäft für den Zeitraum ergab.
Das Unternehmen sagte, Lloyd 2 sei nach sechs Wochen Produktion im Q4 2024 zusammengebrochen und im Juni 2025 nach Monaten minimaler Auslastung stillgelegt worden. Niedrige Ölpreise verhinderten eine teilweise Nachbohrung von Lloyd 2 und verzögerten die geplante Bohrung von Lloyd 3 im Jahr 2025. Monatliche Gesamtsummen zeigen eine Volatilität von Produktion und Einnahmen von Juni bis September, wobei der Juli mit 80 bbl/Tag den Höhepunkt markierte und August–September Rückgänge verzeichneten.
Argo Gold (OTC: ARBTF) أبلغت عن إنتاج نفطي للفترة من 1 يناير حتى 30 سبتمبر 2025 بمقدار 24,003 برميلًا، بمتوسط 88 برميلًا يوميًا. سُجّلت أسعار النفط بمتوسط CAD$68 للبرميل، لتولّد $1,631,714 من إيرادات النفط و$913,157 من التدفق النقدي التشغيلي الصافي للفترة.
وقالت الشركة إن Lloyd 2 انهار بعد ستة أسابيع من الإنتاج في الربع الرابع 2024 وتم إغلاقه في يونيو 2025 بعد شهور من الإنتاج القليل. أدت انخفاضات أسعار النفط إلى منع إعادة حفر Lloyd 2 جزئيًا وأدت إلى تأخير الحفر المخطط لـ Lloyd 3 في 2025. تبين الإجماليات الشهرية تقلب الإنتاج والإيرادات من يونيو حتى سبتمبر، مع بلوغ يوليو ذروة يومية عند 80 برميلًا/اليوم وتراجع في أغسطس-سبتمبر.
- Jan–Sep 2025 production of 24,003 barrels
- Average 88 barrels per day (Jan–Sep 2025)
- Oil revenue of $1,631,714 (Jan–Sep 2025)
- Net operating cash flow $913,157 (Jan–Sep 2025)
- Lloyd 2 collapsed and was shut down in June 2025
- Production dropped 18% from July to August (80 to 65.5 bbl/day)
- July–September oil revenue declined about 31% ($178,304 to $123,733)
Toronto, Ontario--(Newsfile Corp. - November 11, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") 2025 oil production – January 1, 2025 to September 30, 2025 – was a total of 24,003 barrels, averaging 88 barrels per day. Oil prices averaged CAD
Lloyd 2 collapsed after six weeks of production in Q4 2024 and after 6 months of almost no oil production was shut down in June 2025. As a result of low oil prices, the partial re-drill of Lloyd 2 and the planned drilling of Lloyd 3 were not completed in 2025.
Monthly oil production for June, July, August and September 2025 are below.
| June 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 72 bbl/day | 27 bbl/day | ||
| Lloyd 1 ( | 79 bbl/day | 15 bbl/day | ||
| Lindbergh 2 ( | 43 bbl/day | 16 bbl/day | ||
| Lindbergh 3 ( | 89 bbl/day | 17 bbl/day | ||
| June 2025 Total | 75 bbl/day | |||
| July 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 74 bbl/day | 28 bbl/day | ||
| Lloyd 1 ( | 81 bbl/day | 15 bbl/day | ||
| Lindbergh 2 ( | 56 bbl/day | 21 bbl/day | ||
| Lindbergh 3 ( | 86 bbl/day | 16 bbl/day | ||
| July 2025 Total | 80 bbl/day | |||
| August 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 47 bbl/day | 18 bbl/day | ||
| Lloyd 1 ( | 76 bbl/day | 14 bbl/day | ||
| Lindbergh 2 ( | 46.5 bbl/day | 17.5 bbl/day | ||
| Lindbergh 3 ( | 86 bbl/day | 16 bbl/day | ||
| August 2025 Total | 65.5 bbl/day | |||
| September 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 53 bbl/day | 20 bbl/day | ||
| Lloyd 1 ( | 76 bbl/day | 14 bbl/day | ||
| Lindbergh 2 ( | 43 bbl/day | 16 bbl/day | ||
| Lindbergh 3 ( | 83 bbl/day | 15.5 bbl/day | ||
| September 2025 Total | 65.5 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/273980
FAQ
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