Argo's February 2025 Oil Production
Argo Gold's February 2025 oil production totaled 2,975 barrels, generating $218,586 revenue and $131,564 net cash flow, with interests in multiple oil fields averaging 106 barrels per day.
Michael Chen
Senior Mining Analyst
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 2025 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 (37.5% interest) | 105 bbl/day | 39.5 bbl/day | $81,344 | $55,953 |
| Lloyd 1 (18.75% interest) | 128 bbl/day | 24 bbl/day | $49,408 | $31,224 |
| Lindbergh 2 (37.5% interest) | 56 bbl/day | 21 bbl/day | $43,261 | $18,772 |
| Lloyd 2 (18.75% interest) | 6 bbl/day | 1 bbl/day | $2,359 | ($690) |
| Lindbergh 3 (18.75% interest) | 109 bbl/day | 20.5 bbl/day | $42,213 | $26,306 |
| February 2025 Total | 106 bbl/day | $218,586 | $131,564 | |
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/250944
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Michael Chen
Michael has over 15 years of experience covering junior mining companies, with a focus on precious metals exploration and development.
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