Argo Gold Sees Mixed Oil Production Results in July
Argo Gold Inc., an oil producer and Canadian mineral exploration company, released its July 2026 oil production numbers. The company produced a total of 2,203 barrels of oil in July, averaging 71 barrels per day. Oil prices averaged CAD$83 per barrel, resulting in oil revenue of $182,443 for the month.
The Lindbergh 1 well, which Argo has a 37.5% interest in, produced an average of 39 barrels per day and generated net operating cash flow of $21,880. The Lloyd 1 well, with an 18.75% interest, averaged 63 barrels per day and brought in $15,037 in net operating cash flow.
The Lindbergh 2 well, also a 37.5% interest for Argo, produced 9 barrels per day and contributed to the company's revenue with a net operating cash flow of $5,107. The Lindbergh 3 well, a 18.75% interest, averaged 72 barrels per day but its production numbers were relatively low due to some equipment issues.