Argo's July 2024 Oil Production
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF) reported its July 2024 oil production results. The company produced a total of 2,947 barrels for the month, averaging 95 barrels per day. Oil prices averaged CDN$81.79 per barrel, resulting in oil revenue of $241,065 and net operating cash flow of $161,982.
Argo's production comes from three wells: Lindbergh 1 (37.5% interest), Lloyd 1 (18.75% interest), and Lindbergh 2 (37.5% interest). In late August, a second horizontal oil well was drilled at Lloyd, with Argo holding an 18.75% interest. The company plans to drill a third oil well at Lindbergh in Q4 2024.
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF) ha riportato i risultati della propria produzione di petrolio di luglio 2024. L'azienda ha prodotto un totale di 2.947 barili per il mese, con una media di 95 barili al giorno. I prezzi del petrolio hanno avuto una media di CDN$81.79 per barile, generando un fatturato da petrolio di $241.065 e un flusso di cassa operativo netto di $161.982.
La produzione di Argo proviene da tre pozzi: Lindbergh 1 (interesse del 37,5%), Lloyd 1 (interesse del 18,75%) e Lindbergh 2 (interesse del 37,5%). A fine agosto, è stato trivellato un secondo pozzo orizzontale per petrolio a Lloyd, con Argo che detiene un interesse del 18,75%. L'azienda prevede di trivellare un terzo pozzo per petrolio a Lindbergh nel Q4 2024.
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF) informó sobre los resultados de su producción de petróleo de julio de 2024. La compañía produjo un total de 2,947 barriles durante el mes, promediando 95 barriles por día. Los precios del petróleo tuvieron un promedio de CDN$81.79 por barril, lo que resultó en ingresos por petróleo de $241,065 y flujo de efectivo operativo neto de $161,982.
La producción de Argo proviene de tres pozos: Lindbergh 1 (interés del 37.5%), Lloyd 1 (interés del 18.75%) y Lindbergh 2 (interés del 37.5%). A finales de agosto, se perforó un segundo pozo de petróleo horizontal en Lloyd, con Argo poseyendo un interés del 18.75%. La compañía planea perforar un tercer pozo de petróleo en Lindbergh en el Q4 de 2024.
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF)가 2024년 7월 석유 생산 결과를 발표했습니다. 회사는 이달에 총 2,947배럴을 생산했으며, 하루 평균 95배럴을 생산했습니다. 석유 가격은 배럴당 평균 CDN$81.79였으며, 이로 인해 $241,065의 석유 수익과 $161,982의 순 운영 현금 흐름이 발생했습니다.
Argo의 생산은 세 개의 유정에서 나옵니다: Lindbergh 1 (37.5% 지분), Lloyd 1 (18.75% 지분), Lindbergh 2 (37.5% 지분). 8월 말에 Lloyd에서 두 번째 수평 유정이 시추되었으며, Argo는 18.75%의 지분을 보유하고 있습니다. 회사는 2024년 4분기에 Lindbergh에서 세 번째 유정을 시추할 계획입니다.
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF) a rapporté les résultats de sa production pétrolière de juillet 2024. La société a produit un total de 2 947 barils pour le mois, avec une moyenne de 95 barils par jour. Les prix du pétrole ont atteint une moyenne de CDN$81,79 par baril, ce qui a entraîné des revenus pétroliers de $241 065 et un flux de trésorerie opérationnel net de $161 982.
La production d'Argo provient de trois puits : Lindbergh 1 (37,5 % d'intérêt), Lloyd 1 (18,75 % d'intérêt) et Lindbergh 2 (37,5 % d'intérêt). Fin août, un deuxième puits de pétrole horizontal a été foré à Lloyd, avec un intérêt de 18,75 % pour Argo. L'entreprise prévoit de forer un troisième puits de pétrole à Lindbergh au quatrième trimestre 2024.
Argo Gold Inc. (CSE: ARQ, OTC Pink: ARBTF) hat die Ergebnisse seiner Ölproduktion im Juli 2024 bekannt gegeben. Das Unternehmen produzierte im Monat insgesamt 2.947 Barrel, was einem Durchschnitt von 95 Barrel pro Tag entspricht. Die Ölpreise lagen im Durchschnitt bei CDN$81.79 pro Barrel, was zu Ölumsätzen von $241.065 und einem Netto-Betriebs-Cashflow von $161.982 führte.
Die Produktion von Argo stammt aus drei Brunnen: Lindbergh 1 (37.5% Interesse), Lloyd 1 (18.75% Interesse) und Lindbergh 2 (37.5% Interesse). Ende August wurde ein zweiter horizontaler Ölbrunnen in Lloyd gebohrt, an dem Argo 18.75% Interesse hält. Das Unternehmen plant, im 4. Quartal 2024 einen dritten Ölbrunnen in Lindbergh zu bohren.
- Total oil production of 2,947 barrels in July 2024, averaging 95 barrels per day
- Oil revenue of $241,065 and net operating cash flow of $161,982 for July 2024
- Second horizontal oil well drilled and completed at Lloyd in late August
- Plans for development drilling of a third oil well at Lindbergh in Q4 2024
- None.
Toronto, Ontario--(Newsfile Corp. - September 9, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") July 2024 oil production was a total of 2,947 barrels for the month, averaging 95 barrels per day. Oil prices averaged CDN
| July 2024 | Oil Production | Argo's interest | Argo's Oil Revenue | Argo's net operating cash flow |
| Lindbergh 1 ( | 70 bbl/day | 26 bbl/day | ||
| Lloyd 1 ( | 184 bbl/day | 35 bbl/day | ||
| Lindbergh 2 ( | 91 bbl/day | 34 bbl/day |
In late August, a second horizontal oil well at Lloyd was drilled and completed in the General Petroleum (GP) Formation. Argo's interest in the second oil well at Lloyd is
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) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (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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