Argo Oil Update
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) has announced its participation in a second horizontal oil well, Lloyd 2, at the General Petroleum (GP) Formation. The company holds an 18.75% pro rata interest in this well, which was drilled in late August and is now in production. This marks Argo's fourth oil well participation, following Lindbergh 1, Lloyd 1, and Lindbergh 2. The company also revealed plans for the development drilling of a third oil well at Lindbergh in Q4 2024. This update demonstrates Argo's continued expansion in oil exploration and production activities, potentially impacting its future revenue streams and market position.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) ha annunciato la sua partecipazione a un secondo pozzo orizzontale per il petrolio, Lloyd 2, nella formazione General Petroleum (GP). L'azienda detiene un interesse pro quota del 18,75% in questo pozzo, che è stato perforato a fine agosto ed è ora in produzione. Questo segna la quarta partecipazione di Argo a pozzi di petrolio, dopo Lindbergh 1, Lloyd 1 e Lindbergh 2. L'azienda ha anche rivelato piani per lo
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) ha anunciado su participación en un segundo pozo de petróleo horizontal, Lloyd 2, en la Formación General Petroleum (GP). La empresa posee un interés pro rata del 18,75% en este pozo, que fue perforado a finales de agosto y ahora está en producción. Esto marca la cuarta participación de Argo en pozos de petróleo, después de Lindbergh 1, Lloyd 1 y Lindbergh 2. La compañía también reveló planes para el perforación de un tercer pozo de petróleo en Lindbergh en el cuarto trimestre de 2024. Esta actualización demuestra la continua expansión de Argo en actividades de exploración y producción de petróleo, lo que podría impactar sus futuras fuentes de ingresos y su posición en el mercado.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF)는 General Petroleum (GP) Formation에서 수평 석유 우물인 Lloyd 2에 참여한다고 발표했습니다. 이 회사는 이번 우물에 대해 18.75%의 비례 지분을 보유하고 있으며, 이 우물은 8월 말에 시추되었고 현재 생산 중입니다. 이는 Lindbergh 1, Lloyd 1, Lindbergh 2에 이어 Argo의 네 번째 석유 우물 참여를 의미합니다. 회사는 또한 2024년 4분기에 Lindbergh에서 세 번째 석유 우물 개발 시추 계획을 밝혔습니다. 이 업데이트는 석유 탐사 및 생산 활동에서 Argo의 지속적인 확장을 나타내며, 향후 수익원과 시장 위치에 잠재적으로 영향을 미칠 수 있습니다.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) a annoncé sa participation à un deuxième puits de pétrole horizontal, Lloyd 2, dans la formation General Petroleum (GP). L'entreprise détient un intérêt pro rata de 18,75% dans ce puits, qui a été foré à la fin août et est maintenant en production. Cela marque la quatrième participation d'Argo à des puits de pétrole, après Lindbergh 1, Lloyd 1 et Lindbergh 2. L'entreprise a également révélé des plans pour le forage de développement d'un troisième puits de pétrole à Lindbergh au quatrième trimestre 2024. Cette mise à jour démontre l'expansion continue d'Argo dans les activités d'exploration et de production de pétrole, ce qui pourrait avoir un impact sur ses futures sources de revenus et sa position sur le marché.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) hat seine Teilnahme an einem zweiten horizontalen Ölfeld, Lloyd 2, in der General Petroleum (GP) Formation angekündigt. Das Unternehmen hält ein 18,75%iges anteiliges Interesse an diesem Feld, das Ende August gebohrt wurde und nun in Produktion ist. Dies markiert Argo's vierte Teilnahme an Ölquellen, nach Lindbergh 1, Lloyd 1 und Lindbergh 2. Das Unternehmen gab auch Pläne für die Entwicklungsbohrung eines dritten Ölfeldes in Lindbergh im vierten Quartal 2024 bekannt. Dieses Update zeigt Argo's fortgesetzte Expansion in der Ölexploration und -produktion, was potenziell Auswirkungen auf zukünftige Einnahmequellen und die Marktposition haben könnte.
- Participation in a new oil well (Lloyd 2) with 18.75% interest
- Lloyd 2 well already in production
- Expansion to fourth oil well participation
- Planned development drilling for third Lindbergh well in Q4 2024
- None.
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") participated at its pro rata interest of
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.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to the financing not being completed in its entirety, or at all, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available.
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