COMMODITIES
Oil
WELLS
5 (participating)
OVERVIEW
Participating interest in five producing oil wells in the Lloydminster area - the cash engine behind the exploration portfolio.
Argo’s energy assets are what separate it from the typical junior explorer. Five producing wells in the Lloydminster area of Alberta deliver monthly revenue that funds mineral exploration without going back to the market.
Producing is reported publicly every month. Future development drilling at the Lloyd and Lindbergh plays is paced against the oil price.
ANNUAL OIL NET-OPERATING CASH-FLOW
2023: $800,000 (Mar. – Dec.)
2024: $1,700,000
2025: $1,000,000
2026: $1,000,000 (Jan. – Aug.)
KEY POINTS
01
Participating interest in five oil wells in the Lloydminster area of Alberta
02
Lloyd 2 partial redial completed and back on production as of early March
03
2025 net operating cash flow oil operation finalized at CAD$1.0 M
04
2024 net operating cash flow oil operation finalized at CAD$1.7 M
CONTACT
Speak directly with the people running the company
Paul Poggione
President
(613) 277-1989
paul@argogold.ca
Judy Baker
Founder, CEO & Director
(416) 786-7860
jbaker@argogold.ca