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 participate in additional oil wells for 37.5% of the drilling, completion and [...]
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 well is expected to yield 55 to 70 barrels oil/day to Argo. At the second [...]
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 well is expected to yield 55 to 70 barrels oil/day to Argo. At the second [...]
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 has entered into a second participation agreement with Croverro Energy to [...]
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 anticipates commencing exploration activities at Clearwater in [...]
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 winter drilling program has had some delays and the Sparky oil well that [...]
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. Copies of these material contracts may be accessed on Argo Gold's SEDAR [...]
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. Closing is anticipated by mid-December, 2022. Argo Gold anticipates [...]
Argo Gold Inc. is pleased to announce it has entered into a Farmout Agreement to participate in a horizontal Sparky Oil Well in the Lindbergh Area proximal to Lloydminster, Alberta. The agreement is a one-well farmout with Croverro Energy Ltd. of Calgary, Alberta whereby Argo Gold will pay the operator 50 per cent of the cost to drill, complete, and fully equip or abandon the well to earn a 37.5-per-cent interest. The [...]
Argo Gold Inc. is pleased to announce that it is expanding its team with James Bell as Vice President Business Development and Zubin Sethna as Chief Investment Officer. James Bell has over 25 years of experience in the Canadian energy industry with experience in Land, Contracts, Joint Ventures, Stakeholder Relations and Business Development. Prior to joining Argo Gold, Mr. Bell was the Vice President, Commercial of a [...]
Argo Gold Inc. are pleased to announce that the Company has filed its executive compensation disclosure for the years ended December 31, 2021; December 31, 2020; December 31, 2019 and December 31, 2018, as required by National Instrument 51-102 - Continuous Disclosure Obligations . Such disclosure was also requested by staff of the Ontario Securities Commission in connection with a staff review of Argo's continuous [...]
Argo Gold Inc. is pleased to announce that Gary Lobb has joined Argo as Vice President of Finance and CFO. Mr. Lobb is a CPA / CA with over 25 years of executive experience primarily with entrepreneurial, growth companies . He has a diverse background in the energy industry having held VP Finance / CFO positions in multiple upstream oil & gas and oilfield service companies. He was also the Director of Finance with a [...]
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