Earnings
Argo's October Oil Production
ARQ · Price
Executive Summary
- Argo Gold reported October 2025 oil production of 1,800 barrels total (58 bbl/day average) with an average price of CAD $59 per barrel.
- Oil revenue for the month was $107,021 and net operating cash flow amounted to $57,435.
- Production and financial contributions were broken out by four operated wells (Lindbergh 1, Lloyd 1, Lindbergh 2, Lindbergh 3) reflecting Argo’s varying ownership percentages.
Key Details
- Total October 2025 production: 58 barrels per day (1,800 barrels for the month).
- Average oil price: CAD $59 per barrel.
- Overall oil revenue: $107,021.
- Net operating cash flow: $57,435.
Well‑by‑well breakdown
| Well | Argo Interest | Daily Production (bbl) | Net Daily Production to Argo (bbl) | Oil Revenue ($) | Net Operating Cash Flow ($) |
|---|---|---|---|---|---|
| Lindbergh 1 | 37.5% | 52 | 20 | $35,729 | $22,012 |
| Lloyd 1 | 18.75% | 73 | 14 | $25,041 | $13,142 |
| Lindbergh 2 | 37.5% | 43 | 16 | $25,841 | $11,125 |
| Lindbergh 3 | 18.75% | 60 | 11 | $20,410 | $11,156 |
- Contact: Judy Baker, CEO – (416) 786‑7860; [email protected]
Notable Quotes
(No quotes were provided in the release.)
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Jun 11, 2026 · 08:19