Argo's April 2025 Oil Production
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Argo Gold reported its April 2025 oil production results, achieving a total output of 2,805 barrels for the month, averaging 93.5 barrels per day. With oil prices at CDN$60 per barrel, the company generated oil revenue of $167,959 and net operating cash flow of $95,374. The company's portfolio includes interests in multiple 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). Notably, Argo increased its operating interest in Lloyd 2 from 18.75% to 23.077%, now covering the entire General Petroleum oil formation, with the partnership paying $75,000 for the additional interest and a potential future bonus payment of $25,000 after 45,000 barrels of cumulative production.
Argo Gold ha comunicato i risultati della produzione di petrolio di aprile 2025, raggiungendo una produzione totale di 2.805 barili nel mese, con una media di 93,5 barili al giorno. Con un prezzo del petrolio di 60 dollari canadesi al barile, la societ脿 ha generato ricavi petroliferi per 167.959 dollari e un flusso di cassa operativo netto di 95.374 dollari. Il portafoglio della societ脿 comprende partecipazioni in diversi pozzi: Lindbergh 1 (37,5% di interesse), Lloyd 1 (18,75%), Lindbergh 2 (37,5%), Lloyd 2 (23,077%) e Lindbergh 3 (18,75%). In particolare, Argo ha aumentato la sua quota operativa in Lloyd 2 dal 18,75% al 23,077%, coprendo ora l'intera formazione petrolifera General Petroleum; la partnership ha pagato 75.000 dollari per l'interesse aggiuntivo e un eventuale pagamento bonus futuro di 25.000 dollari dopo una produzione cumulativa di 45.000 barili.
Argo Gold inform贸 sus resultados de producci贸n de petr贸leo de abril de 2025, alcanzando una producci贸n total de 2,805 barriles en el mes, con un promedio de 93.5 barriles por d铆a. Con precios del petr贸leo en 60 d贸lares canadienses por barril, la compa帽铆a gener贸 ingresos petroleros de 167,959 d贸lares y un flujo de caja operativo neto de 95,374 d贸lares. La cartera de la empresa incluye participaciones en varios pozos: Lindbergh 1 (37.5% de inter茅s), Lloyd 1 (18.75%), Lindbergh 2 (37.5%), Lloyd 2 (23.077%) y Lindbergh 3 (18.75%). Cabe destacar que Argo aument贸 su inter茅s operativo en Lloyd 2 del 18.75% al 23.077%, cubriendo ahora toda la formaci贸n petrolera General Petroleum; la asociaci贸n pag贸 75,000 d贸lares por el inter茅s adicional y un posible pago de bonificaci贸n futuro de 25,000 d贸lares tras una producci贸n acumulada de 45,000 barriles.
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Argo Gold a annonc茅 ses r茅sultats de production p茅troli猫re pour avril 2025, atteignant une production totale de 2 805 barils pour le mois, avec une moyenne de 93,5 barils par jour. Avec un prix du p茅trole 脿 60 dollars canadiens le baril, la soci茅t茅 a g茅n茅r茅 un chiffre d'affaires p茅trolier de 167 959 dollars et un flux de tr茅sorerie op茅rationnel net de 95 374 dollars. Le portefeuille de la soci茅t茅 comprend des participations dans plusieurs puits : Lindbergh 1 (37,5 % d鈥檌nt茅r锚t), Lloyd 1 (18,75 %), Lindbergh 2 (37,5 %), Lloyd 2 (23,077 %) et Lindbergh 3 (18,75 %). Notamment, Argo a augment茅 sa part d鈥檈xploitation dans Lloyd 2 de 18,75 % 脿 23,077 %, couvrant d茅sormais l鈥檌nt茅gralit茅 de la formation p茅troli猫re General Petroleum. Le partenariat a vers茅 75 000 dollars pour cette part suppl茅mentaire, ainsi qu鈥檜n 茅ventuel paiement bonus futur de 25 000 dollars apr猫s une production cumulative de 45 000 barils.
Argo Gold meldete seine 脰lproduktionszahlen f眉r April 2025 mit einer Gesamtproduktion von 2.805 Barrel im Monat und einem Tagesdurchschnitt von 93,5 Barrel. Bei einem 脰lpreis von 60 kanadischen Dollar pro Barrel erzielte das Unternehmen 脰leinnahmen von 167.959 Dollar und einen Nettobetriebscashflow von 95.374 Dollar. Das Portfolio des Unternehmens umfasst Beteiligungen an mehreren Bohrl枚chern: Lindbergh 1 (37,5% Beteiligung), Lloyd 1 (18,75%), Lindbergh 2 (37,5%), Lloyd 2 (23,077%) und Lindbergh 3 (18,75%). Bemerkenswert ist, dass Argo seinen Betriebsanteil an Lloyd 2 von 18,75% auf 23,077% erh枚hte und nun das gesamte General Petroleum-脰lvorkommen abdeckt. Die Partnerschaft zahlte 75.000 Dollar f眉r den zus盲tzlichen Anteil und eine m枚gliche zuk眉nftige Bonuszahlung von 25.000 Dollar nach einer kumulierten Produktion von 45.000 Barrel.
Positive
- Generated positive net operating cash flow of $95,374 in April 2025
- Increased operating interest in Lloyd 2 to 23.077%, expanding coverage of the General Petroleum oil formation
- Maintained steady production across multiple wells with 93.5 bbl/day average
Negative
- Lloyd 2 well showed negative operating cash flow of -$546
- Relatively low oil price environment at CDN$60 per barrel
- Additional payment obligation of pro-rata share of $25,000 bonus after 45,000 barrels 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
| April 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 98 bbl/day | 37 bbl/day | ||
| Lloyd 1 ( | 131 bbl/day | 25 bbl/day | ||
| Lindbergh 2 ( | 47 bbl/day | 18 bbl/day | ||
| Lloyd 2 ( | 5 bbl/day | 1 bbl/day | - | |
| Lindbergh 3 ( | 72 bbl/day | 13.5 bbl/day | ||
April 2025 Total | 93.5 bbl/day | |||
Argo recently increased its operating interest at Lloyd 2 to
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
[email protected]
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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FAQ
What was Argo Gold's (ARBTF) oil production in April 2025?
Argo Gold produced 2,805 barrels of oil in April 2025, averaging 93.5 barrels per day.
How much revenue did ARBTF generate from oil production in April 2025?
Argo Gold generated oil revenue of $167,959 with net operating cash flow of $95,374 in April 2025.
What is Argo Gold's interest in the Lloyd 2 well after the recent increase?
Argo Gold increased its operating interest in Lloyd 2 to 23.077% from 18.75%, now covering the entire General Petroleum oil formation.
How much did Argo Gold pay for the increased interest in Lloyd 2?
The partnership paid $75,000 for the 18.75% interest, with Argo paying its pro-rata share, plus a potential $25,000 bonus after 45,000 barrels production.
What was the average oil price received by ARBTF in April 2025?
The average oil price received was CDN$60 per barrel in April 2025.
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