Business
Argo's Year-End 2024 Oil Reserves Report
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2024 Reserves Report ("Reserves Report"), with an effective date of December 31, 2024, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook
About this update from Argo Gold Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2024 Reserves Report ("Reserves Report"), with an effective date of December 31, 2024, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). The evaluation was conducted using the Sproule December 31, 2024, Price Forecast for Heavy Crude Oil (12°API) at www.sproule.com, adjusted for each property.","length":826,"tagName":"p"},{"type":"text","content":"The Reserves Report includes Argo's interest in the five current producing oil wells in the Lloydminster and Lindbergh areas in Alberta; and five undeveloped development well locations at current sites. The following table summarizes the information contained in the Reserves Report, with an effective date of December 31, 2024:","length":332,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-right-width:1px;border-bottom:1px solid #000000;border-right-style:solid;border-right-color:#000000;text-align:center;font-size:10px;","val":[{"type":"text","content":"Year-End 2024 Heavy Crude Oil Reserves","length":40,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:13%;text-align:center;font-size:10px;","val":[{"type":"text","content":"100% Heavy Crude OilMbbl","length":26,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:13%;text-align:center;font-size:10px;","val":[{"type":"text","content":"Company Gross(1) Heavy Crude Oil Mbbl","length":38,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:13%;text-align:center;font-size:10px;","val":[{"type":"text","content":"Company Net(2) Heavy Crude Oil Mbbl","length":36,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:13%;text-align:center;font-size:10px;","val":[{"type":"text","content":"0...