On August 15, 2024, Argo Gold Inc., a Toronto-based company, reported its oil production figures for the month of June 2024. The company produced a total of 3,214 barrels for the month, averaging 107.5 barrels per day. The average oil price for the month was CDN$80.85 per barrel, resulting in June oil revenue of $259,855 and a net operating cash flow of $170,750.
The breakdown of Argo Gold’s oil production for June 2024 is as follows:
– Lindbergh 1 (37.5% interest): 105 barrels per day, with 39.5 barrels per day being Argo’s interest. The oil revenue generated from Lindbergh 1 was $96,065, with a net operating cash flow of $67,273.
– Lloyd (18.75% interest): 181 barrels per day, with 34 barrels per day being Argo’s interest. The oil revenue generated from Lloyd was $82,862, with a net operating cash flow of $47,560.
– Lindbergh 2 (37.5% interest): 90 barrels per day, with 34 barrels per day being Argo’s interest. The oil revenue generated from Lindbergh 2 was $80,928, with a net operating cash flow of $55,917.
Argo Gold is a Canadian mineral exploration and development company that is also involved in oil production. More information about Argo Gold can be found on SEDAR at www.sedarplus.ca and on the company’s website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (CSE) (not mentioned).
This news release contains forward-looking information, which is subject to risks and uncertainties that could impact the accuracy of the statements made. The company does not undertake any obligation to update forward-looking information unless required by law. More information about potential risks and uncertainties is available in the company’s filings with Canadian securities regulators.
To access the original source of this press release, please visit https://www.newsfilecorp.com/release/220050.
