Latest news with #JudyBaker
Yahoo
12-05-2025
- Business
- Yahoo
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 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1(37.5% interest) 103 bbl/day 39 bbl/day $78,114 $43,967 Lloyd 1(18.75% interest) 142 bbl/day 27 bbl/day $53,608 $28,131 Lindbergh 2(37.5% interest) 64.5 bbl/day 24 bbl/day $48,860 $24,407 Lloyd 2(18.75% interest) 5 bbl/day 1 bbl/day $1,915 ($1,440) Lindbergh 3(18.75% interest) 77 bbl/day 14 bbl/day $29,097 $17,704 March 2025 Total 105 bbl/day $211,595 $112,770 In April 2025, Argo paid an annual Alberta tax on its 2024 oil production on freehold lands of $130,619. About Argo Gold Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at and on Argo Gold's website at Argo Gold is listed on the Canadian Securities Exchange ( CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO(416) 786-7860jbaker@ NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view the source version of this press release, please visit
Yahoo
08-05-2025
- Business
- Yahoo
Argo's Year-End 2024 Oil Reserves Report
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2024 Reserves Report ("Reserves Report"), with an effective date of December 31, 2024, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). The evaluation was conducted using the Sproule December 31, 2024, Price Forecast for Heavy Crude Oil (12°API) at adjusted for each property. The Reserves Report includes Argo's interest in the five current producing oil wells in the Lloydminster and Lindbergh areas in Alberta; and five undeveloped development well locations at current sites. The following table summarizes the information contained in the Reserves Report, with an effective date of December 31, 2024: Year-End 2024 Heavy Crude Oil Reserves 100% Heavy Crude OilMbbl Company Gross(1) Heavy Crude Oil Mbbl Company Net(2) Heavy Crude Oil Mbbl 0% NPVMM$ 10% NPVMM$ 15% NPVMM$ Proved Developed Producing 827.4 200.3 173.4 10.6 7.9 7.0 Proved Undeveloped 907.2 170.1 148.0 8.0 5.4 4.6 Total Proved 1,734.5 370.3 321.4 18.6 13.3 11.6 Probable 435.8 96.0 79.4 5.4 2.8 2.2 Total Proved plus Probable 2,170.3 466.3 400.8 24.0 16.2 13.8 Table Notes: (1) "Gross Reserves" are the Company's working interest reserves before the deduction of royalties.(2) "Net Reserves" are the Company's working interest reserves after deductions of royalty obligations, plus the Company's royalty interests.(3) Mbbl are thousand barrels(4) MM$ are millions of dollars(5) The numbers in the table may not add due to rounding. The disclosures contained in this report represent information related to the Company's reserves, future net revenue, and discounted value of future net cash flows as of December 31, 2024. The Company has filed its Form 51-101 F1 Statement of Reserves Data and Other Oil and Gas Information ("Form F1"), Form 51-101 F2 Report on Reserves Data by Independent Qualified Reserves Evaluator ("Form F2"), and Form 51-101 F3 Report of Management and Directors on Oil and Gas Disclosure ("Form F3") for the year ending December 31, 2024. These documents are also posted on the Company's website at and SEDAR+ at About Argo Gold Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Argo Gold is listed on the Canadian Securities Exchange ( CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO (416) 786-7860 jbaker@ 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. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
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 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 and on Argo Gold's website at Argo Gold is listed on the Canadian Securities Exchange ( CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO (416) 786-7860 jbaker@ 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
Yahoo
05-02-2025
- Business
- Yahoo
Argo's December 2024 Oil Production
Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") December 2024 oil production was a total of 3,321 barrels for the month, averaging 107 barrels per day. Oil prices averaged CDN$72 per barrel and Argo's December oil revenue was $238,223 and net operating cash flow was $154,781. December 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1(37.5% interest) 106 bbl/day 40 bbl/day $88,314 $58,944 Lloyd 1(18.75% interest) 158 bbl/day 30 bbl/day $66,242 $43,512 Lindbergh 2(37.5% interest) 51 bbl/day 19 bbl/day $42,760 $26,905 Lloyd 2(18.75% interest) 9 bbl/day 1 bbl/day $3,838 332 Lindbergh 3(18.75% interest) 90 bbl/day 17 bbl/day $37,069 $25,088 December 2024 Total 107 bbl/day $238,223 $154,781 Argo's January oil production was approximately 3,554 barrels averaging 115 barrels per day. 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 as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO(416) 786-7860jbaker@ 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. To view the source version of this press release, please visit Sign in to access your portfolio
