Argo Gold Reports Increased Oil Reserves for 2023

Argo Gold (TSE:ARQ) has released an update.

Argo Gold Inc. has released its Year-End 2023 Reserves Report, revealing an increase in both proved and probable heavy crude oil reserves with a total proved plus probable reserves amounting to 574.3 thousand barrels. The report, prepared by independent evaluators, highlights the financial potential of Argo’s interests in three producing and three planned oil wells in Alberta. The company’s future net revenue and the discounted value of future net cash flows are promising, as detailed in the upcoming filings on Argo Gold’s and SEDAR+ websites.

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