Argo Gold Inc (ARBTF)

[AveragePenny]

$ARBTF $ARQ.C Argo's August 2024 Oil Production

https://www.newsfilecorp.com/release/225796/Argos-August-2024-Oil-Production

Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") August 2024 oil production was a total of 3,154 barrels for the month, averaging 102 barrels per day. Oil prices averaged CDN$73 per barrel and Argo's August oil revenue was $230,111 net operating cash flow was $156,699.

Argo participated at its pro rata interest of 18.75% in a second horizontal oil well at Lloyd. Lloyd 2 was drilled in late August, equipped in early September, and on production since mid-September. Development drilling of a third oil well at Lindbergh is planned for October 2024 where Argo will participate for a 18.75% interest.