Argo’s Oil Operations Update

Date:

Toronto, Ontario–(Newsfile Corp. – January 4, 2024) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) oil production results for November 2023 are:

November 2023

Oil Production

Argo’s interest

Argo’s Oil
Revenue

Argo’s net operating
cash flow

Lindbergh 1
(37.5% interest)

88 bbl/day

33 bbl/day

$60,429

$36,533

Lloyd
(18.75% interest)

230 bbl/day

43 bbl/day

$89,208

$78,752

 

In late November, a second horizontal oil well was drilled and completed at Lindbergh in the Sparky formation. The Lindbergh 1 oil well was shut down for the drilling the Lindbergh 2 oil well resulting in lower production. The Lindbergh 2 oil well is on production since the end of November.

About Argo Gold
Argo Gold is a Canadian mineral exploration and development company. Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on Argo Gold’s website at www.argogold.com. Argo Gold is listed…

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