Argo's Year-End 2023 Oil Reserves Report
Argo's Year-End 2023 Oil Reserves Report
Toronto, Ontario--(Newsfile Corp. - April 8, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC PINK: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2023 Reserves Report ("Reserves Report"), with an effective date of December 31, 2023, 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, 2023, Price Forecast for Heavy Crude Oil (12°API) at , adjusted for each property.
安大略省多伦多--（Newsfile Corp.，2024年4月8日）——Argo Gold Inc.'s.（CSE：ARQ）（场外链接：ARBTF）（XFRA：A2ASDS）（XSTU：A2ASDS）（XBER：A2ASDS）（XBER：A2ASDS）（”Argo“或者”公司“) 2023年年终储备报告（“储备报告”）的生效日期为2023年12月31日，摘要如下。储量报告由总部位于艾伯塔省卡尔加里的独立合格储量评估机构Petrotech and Associates完成，根据加拿大石油和天然气评估手册（“COGE手册”）和国家仪器51-101编写 石油和天然气活动披露标准 （“NI 51-101”）。该评估是使用 Sproule 2023 年 12 月 31 日的《重质原油价格预测》进行的 (12)°API) 在，针对每个属性进行了调整。
The Reserves Report includes Argo's interest in the three current producing oil wells at Lindbergh and Lloydminster, Alberta; and three undeveloped planned development oil wells at Lindbergh. The following table summarizes the information contained in the Reserves Report, with an effective date of December 31, 2023:
储量报告包括Argo对艾伯塔省林德伯格和劳埃德明斯特目前正在生产的三口油井的权益；以及林德伯格三口未开发的计划开发油井的权益。下表汇总了储备金报告中包含的信息，其生效日期为2023年12月31日：
| Year-End 2023 Heavy Crude Oil Reserves |
Company Gross(1) Heavy Crude Oil Mbbl |
Company Net(2) Heavy Crude Oil Mbbl |
0% NPV MM$ |
10% NPV MM$ |
20% NPV MM$ |
| Proved Developed Producing | 208.8 | 176.3 | 11.1 | 8.0 | 6.4 |
| Proved Undeveloped | 272.7 | 223.6 | 13.7 | 8.9 | 6.3 |
| Total Proved | 481.5 | 399.9 | 24.8 | 16.9 | 12.7 |
| Probable | 92.8 | 76.0 | 5.5 | 2.6 | 1.5 |
| Total Proved plus Probable | 574.3 | 476.0 | 30.3 | 19.6 | 14.2 |
| 2023 年年底重质原油储量 |
公司总收入(1) 重质原油 Mbbl |
公司网络(2) 重质原油 Mbbl |
净现值为 0% 嗯$ |
净现值为 10% 嗯$ |
净现值为 20% 嗯$ |
| 久经考验的开发产品 | 208.8 | 176.3 | 11.1 | 8.0 | 6.4 |
| 事实证明未开发 | 272.7 | 223.6 | 13.7 | 8.9 | 6.3 |
| 已证明的总数 | 481.5 | 399.9 | 24.8 | 16.9 | 12.7 |
| 很可能 | 92.8 | 76.0 | 5.5 | 2.6 | 1.5 |
| 已证实总数加上可能值 | 574.3 | 476.0 | 30.3 | 19.6 | 14.2 |
Table Notes:
表格注意事项：
(1) "Gross Reserves" are the Company's working interest reserves before the deduction of royalties.
(2) "Net Reserves" are the Company's working interest reserves after deductions of royalty obligations, plus the Company's royalty interests.
(3) Mbbl are thousand barrels
(4) MM$ are millions of dollars
(5) The numbers in the table may not add due to rounding.
(1) “总储备” 是公司扣除特许权使用费前的营运利息储备。
(2) “净储备” 是公司扣除特许权使用费义务后的周转利息储备金加上公司的特许权使用费利息。
(3) Mbbl 是千桶
(4) MM$ 是数百万美元
(5) 由于四舍五入，表中的数字可能不相加。
The disclosures contained in this report represent information related to the Company's reserves, future net revenue, and discounted value of future net cash flows as of December 31, 2023. The report does not include the second planned oil well at Lloydminster, as this was not confirmed until Q1 2024.
本报告中包含的披露代表了截至2023年12月31日的公司储备、未来净收入和未来净现金流折现值的相关信息。该报告不包括计划在劳埃德明斯特建造的第二口油井，因为直到2024年第一季度才得到证实。
The Company will be filing its Form 51-101 F1 Statement of Reserves Data and Other Oil and Gas Information ("Form F1"), Form 51-101 F2 Report on Reserves Data by Independent Qualified Reserves Evaluator ("Form F2"), and Form 51-101 F3 Report of Management and Directors on Oil and Gas Disclosure ("Form F3") for the year ending December 31, 2023, shortly. These documents will be posted on the Company's website at and SEDAR+ at .
该公司将提交其51-101 F1表格 储量表数据和其他石油和天然气信息 （“表格 F1”），表格 51-101 F2 独立合格储量评估员的储量数据报告 （“表格 F2”）和 51-101 F3 表格 管理层和董事关于石油和天然气披露的报告 不久将提交截至 2023 年 12 月 31 日的年度（“F3 表格”）。这些文件将发布在公司的网站和SEDAR+上。
About Argo Gold
关于 Argo Gold
Argo Gold is a Canadian mineral exploration and development company. Argo Gold is listed on the Canadian Securities Exchange () (CSE: ARQ) (OTC PINK: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS).
Argo Gold是一家加拿大矿产勘探和开发公司。Argo Gold在加拿大证券交易所（）（CSE：ARQ）（场外交易代码：ARBTF）（XFRA：A2ASDS）（XSTU：A2ASDS）（XBER：A2ASDS）上市。
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
首席执行官朱迪·贝克
(416) 786-7860
jbaker@argogold.ca
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
加拿大证券交易所及其监管服务提供商均未对本新闻稿的充分性或准确性进行审查或承担责任。
Forward-looking Information Cautionary Statement
前瞻性信息警示声明
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to the financing not being completed in its entirety, or at all, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available.
除历史事实陈述外，本新闻稿包含适用证券法所指的某些 “前瞻性信息”。前瞻性信息通常以 “计划”、“期望”、“项目”、“打算”、“相信”、“预期”、“估计” 等词语为特征，或者说某些事件或条件 “可能” 或 “将” 发生。前瞻性陈述基于陈述发表之日的意见和估计，受各种风险和不确定性以及其他因素的影响，这些因素可能导致实际事件或结果与前瞻性陈述中的预期存在重大差异，包括但不限于融资未全部完成，或者根本没有完成钻探和地面准备工作的延误或不确定性，以及无法实现预期的勘探成功。前瞻性信息存在固有的不确定性，包括公司无法控制的因素。除非法律要求，否则如果情况或管理层的估计或意见发生变化，公司没有义务更新前瞻性信息。提醒读者不要过分依赖前瞻性陈述。识别可能影响财务业绩的风险和不确定性的其他信息包含在公司向加拿大证券监管机构提交的文件中，这些文件可供查阅。