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Argo's December 2024 Oil Production
ARQArq(ARQ) Newsfile·2025-02-05 13:34

Core Insights - Argo Gold Inc reported December 2024 oil production of 3,321 barrels, averaging 107 barrels per day, with oil prices averaging CDN72perbarrel[1]−Thecompany′soilrevenueforDecember2024was72 per barrel [1] - The company's oil revenue for December 2024 was 238,223, and net operating cash flow was 154,781[1]ProductionDetails−Lindbergh1produced106bbl/day,contributing154,781 [1] Production Details - Lindbergh 1 produced 106 bbl/day, contributing 88,314 to revenue and 58,944tonetoperatingcashflow[1]−Lloyd1,withan18.7558,944 to net operating cash flow [1] - Lloyd 1, with an 18.75% interest, produced 158 bbl/day, generating 66,242 in revenue and 43,512incashflow[1]−Lindbergh2alsoat37.543,512 in cash flow [1] - Lindbergh 2 also at 37.5% interest produced 51 bbl/day, resulting in 42,760 in revenue and 26,905incashflow[1]−Lloyd2produced9bbl/day,contributing26,905 in cash flow [1] - Lloyd 2 produced 9 bbl/day, contributing 3,838 to revenue and 332tocashflow[1]−Lindbergh3produced90bbl/day,generating332 to cash flow [1] - Lindbergh 3 produced 90 bbl/day, generating 37,069 in revenue and $25,088 in cash flow [1] January 2025 Production - Argo's oil production for January 2025 was approximately 3,554 barrels, averaging 115 barrels per day [1]