ARQ Argo Gold Inc

Argo's April 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") April 2025 oil production was a total of 2,805 barrels for the month, averaging 93.5 barrels per day. Oil prices averaged CDN$60 per barrel and Argo's March oil revenue was $167,959 and net operating cash flow was $95,374.

April 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating
cash flow
Lindbergh 1
(37.5% interest) 		98 bbl/day37 bbl/day$66,173$39,084
Lloyd 1
(18.75% interest)		131 bbl/day25 bbl/day$44,057$26,331
Lindbergh 2
(37.5% interest)		47 bbl/day18 bbl/day$31,833$17,968
Lloyd 2
(23.077% interest)		5 bbl/day1 bbl/day$1,628-$546
Lindbergh 3
(18.75% interest)		72 bbl/day13.5 bbl/day$24,268$12,537

April 2025 Total

93.5 bbl/day$167,959$95,374

 

Argo recently increased its operating interest at Lloyd 2 to 23.077% from 18.75% whereby Argo's 23.077% interest now encompasses the entire General Petroleum oil formation at Lloyd. The partnership has paid the seller $75,000 for its 18.75% interest in the General Petroleum oil formation at Lloyd, of which Argo has participated in the purchase for its pro-rata share. After cumulative production of 45,000 barrels of oil, the partnership would pay the seller a one-time bonus of $25,000 where Argo would pay its pro-rata share.

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 and on Argo Gold's website at . Argo Gold is listed on the Canadian Securities Exchange () (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS).

Judy Baker, CEO
(416) 786-7860

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

EN
11/06/2025

Underlying

ARQArgo Gold Inc

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Argo Gold Inc

 PRESS RELEASE
Free
ARQ ARGO GOLD INC

Argo's April 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") April 2025 oil production was a total of 2,805 barrels for the month, averaging 93.5 barrels per day. Oil prices averaged CDN$60 per barrel and Argo's March oil revenue was $167,959 and net operating cash flow was $95,374.April 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% interest) 98 bbl/day37 bbl/day$66,173$39,084Lloyd 1(18.75% interest)131 bbl/day25 bbl/day$44,057$26,33...

June 11, 2025 1 EN
 PRESS RELEASE
Free
ARQ ARGO GOLD INC

Argo's March 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN$65 per barrel and Argo's March oil revenue was $211,595 and net operating cash flow was $112,770.March 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% interest) 103 bbl/day 39 bbl/day$78,114$43,967Lloyd 1(18.75% interest) 142 bbl/day 27 bbl/day$53,608$2...

May 12, 2025 1 EN
 PRESS RELEASE
Free
ARQ ARGO GOLD INC

Argo's Year-End 2024 Oil Reserves Report

Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2024 Reserves Report ("Reserves Report"), with an effective date of December 31, 2024, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ...

May 8, 2025 1 EN
 PRESS RELEASE
Free
ARQ ARGO GOLD INC

Argo's February 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Argo Gold Inc.'s (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2025 oil production was a total of 2,975 barrels for the month, averaging 106 barrels per day. Oil prices averaged CDN$73 per barrel and Argo's February oil revenue was $218,586 and net operating cash flow was $131,564.February 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% interest) 105 bbl/day 39.5 bbl/day$81,344$55,953Lloyd 1(18.75% interest) 128 bbl/day 24 bbl/da...

May 6, 2025 1 EN
 PRESS RELEASE
Free
ARQ ARGO GOLD INC

Argo Acquires Gold and Silver Mineral Claims in Saskatchewan

Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least C$40,000 in exploration work by September 3, 2026 and (iii) grant to the vendor of the C...

April 11, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch