Argo Gold Inc. announces that Argo's 37.5% share of the Lindbergh oil well in the Sparky started production in late March 2023. In April 2023, the Lindbergh well produced 115 barrels of oil per day, and Argo's 37.5% share of the production was 43.4 barrels of oil per day, generating revenue of $90,334 and $57,491 operating cash flow net to Argo [...]
Prior to the private placement, Mr. Sprott beneficially owned or controlled 11,200,000 Shares of the Company representing approximately 17.0% on a non-diluted basis. Following the completion of the private placement, Mr. Sprott beneficially owns and controls 13,200,000 Common Shares of the Company representing approximately 19.0% of the issued and [...]
Argo Gold Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of 3,650,000 shares at a price of $0.10 per Share for gross proceeds of $365,000 . All securities issued under the Offering are subject to a four-month and one day statutory hold period. Mr. Eric Sprott, through [...]
Argo Gold Inc. announces that Argo's 100% owned Talbot Lake Gold Project located 100 kilometres northeast of Pickle Lake, Ontario is now permitted for exploration and drilling. Talbot Lake is 8742 hectares of mineral claims covering known high-grade gold mineralization and 23-line kilometre strike length of basalts with iron formations containing [...]
Argo Gold Inc. and announces that the Lindbergh Area Sparky oil well was drilled in mid-March 2023 and is now on production at anticipated rates. Argo participated for 37.5% of the Lindbergh well and Argo's share of production is expected to yield 55 to 70 barrels oil/day. Argo has an area of mutual interest at Lindbergh whereby Argo can [...]
Argo Gold Inc. is pleased to announce that the near-term oil production at the Sparky oil wells is on track for before Spring break-up at Lindbergh and post Spring break-up at Lloyd. Surface preparations at Lindbergh are in progress for drilling to commence and be completed prior to Spring break-up. Argo's 37.5% participation in the Lindbergh oil [...]
Argo Gold Inc. is pleased to announce that the near-term oil production at the Sparky oil wells is on track for before Spring break-up at Lindbergh and post Spring break-up at Lloyd. Surface installations at Lindbergh are in progress for drilling to commence and be completed prior to Spring break-up. Argo's 37.5% participation in the Lindbergh oil [...]
Argo Gold Inc. announces that the company is going to focus on near-term oil production opportunities and not acquire the long lead-time Clearwater acreage and will not close the purchase and sale agreement to acquire 7,600 contiguous hectares of Clearwater oil land in the Nipisi area of Alberta for $725,000. Argo also announces that the company [...]
Argo Gold Inc. is pleased to announce it has entered into a Purchase and Sale Agreement with respect to its previously announced transaction to acquire 7,600 contiguous hectares of Clearwater oil land in the Nipisi area of Alberta. Argo Gold will pay $725,000 to a private energy producer to acquire the interest in the oil lands by January 31, 2023 [...]
Argo Gold Inc. is pleased to announce that the Alberta Energy Regulator has approved Argo Gold for General Eligibility for Energy under AER Directive 067 to hold and acquire energy licenses in the province of Alberta. This is an important step for Argo Gold to be able to be an oil and gas producer. Croverro Energy has recently updated Argo that its [...]
Argo Gold Inc. is pleased to announce it has filed material contracts on SEDAR with respect to Argo Gold's November 3, 2022 announcement of a Farmout Agreement with Croverro Energy Ltd. and Argo Gold's November 7, 2022 announcement of a non-binding letter of intent to acquire prospective Clearwater acreage from a private junior energy producer [...]
Argo Gold Inc. is pleased to announce it has entered into an an Agreement to acquire approximately 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta. Subject to normal closing conditions and customary due diligence, Argo Gold will pay $725,000 to a private junior energy producer to acquire the interest in the lands [...]
