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.
安大略省多倫多--（Newsfile Corp.，2024年4月8日）——Argo Gold Inc.'s.（CSE：ARQ）（場外鏈接：ARBTF）（XFRA：A2ASDS）（XSTU：A2ASDS）（XBER：A2ASDS）（XBER：A2ASDS）（”Argo“或者”公司“) 2023年年終儲備報告（“儲備報告”）的生效日期爲2023年12月31日，摘要如下。儲量報告由總部位於艾伯塔省卡爾加里的獨立合格儲量評估機構Petrotech and Associates完成，根據加拿大石油和天然氣評估手冊（“COGE手冊”）和國家儀器51-101編寫 石油和天然氣活動披露標準 （“NI 51-101”）。該評估是使用 Sproule 2023 年 12 月 31 日的《重質原油價格預測》進行的 (12)°API) 在，針對每個屬性進行了調整。
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:
儲量報告包括Argo對艾伯塔省林德伯格和勞埃德明斯特目前正在生產的三口油井的權益；以及林德伯格三口未開發的計劃開發油井的權益。下表彙總了儲備金報告中包含的信息，其生效日期爲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 年年底重質原油儲量 |
公司總收入(1) 重質原油 Mbbl |
公司網絡(2) 重質原油 Mbbl |
淨現值爲 0% 嗯$ |
淨現值爲 10% 嗯$ |
淨現值爲 20% 嗯$ |
| 久經考驗的開發產品 | 208.8 | 176.3 | 11.1 | 8.0 | 6.4 |
| 事實證明未開發 | 272.7 | 223.6 | 13.7 | 8.9 | 6.3 |
| 已證明的總數 | 481.5 | 399.9 | 24.8 | 16.9 | 12.7 |
| 很可能 | 92.8 | 76.0 | 5.5 | 2.6 | 1.5 |
| 已證實總數加上可能值 | 574.3 | 476.0 | 30.3 | 19.6 | 14.2 |
Table Notes:
表格注意事項：
(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) “總儲備” 是公司扣除特許權使用費前的營運利息儲備。
(2) “淨儲備” 是公司扣除特許權使用費義務後的週轉利息儲備金加上公司的特許權使用費利息。
(3) Mbbl 是千桶
(4) MM$ 是數百萬美元
(5) 由於四捨五入，表中的數字可能不相加。
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.
本報告中包含的披露代表了截至2023年12月31日的公司儲備、未來淨收入和未來淨現金流折現值的相關信息。該報告不包括計劃在勞埃德明斯特建造的第二口油井，因爲直到2024年第一季度才得到證實。
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 .
該公司將提交其51-101 F1表格 儲量表數據和其他石油和天然氣信息 （“表格 F1”），表格 51-101 F2 獨立合格儲量評估員的儲量數據報告 （“表格 F2”）和 51-101 F3 表格 管理層和董事關於石油和天然氣披露的報告 不久將提交截至 2023 年 12 月 31 日的年度（“F3 表格”）。這些文件將發佈在公司的網站和SEDAR+上。
About Argo Gold
關於 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是一家加拿大礦產勘探和開發公司。Argo Gold在加拿大證券交易所（）（CSE：ARQ）（場外交易代碼：ARBTF）（XFRA：A2ASDS）（XSTU：A2ASDS）（XBER：A2ASDS）上市。
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
首席執行官朱迪·貝克
(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.
加拿大證券交易所及其監管服務提供商均未對本新聞稿的充分性或準確性進行審查或承擔責任。
Forward-looking Information Cautionary Statement
前瞻性信息警示聲明
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.
除歷史事實陳述外，本新聞稿包含適用證券法所指的某些 “前瞻性信息”。前瞻性信息通常以 “計劃”、“期望”、“項目”、“打算”、“相信”、“預期”、“估計” 等詞語爲特徵，或者說某些事件或條件 “可能” 或 “將” 發生。前瞻性陳述基於陳述發表之日的意見和估計，受各種風險和不確定性以及其他因素的影響，這些因素可能導致實際事件或結果與前瞻性陳述中的預期存在重大差異，包括但不限於融資未全部完成，或者根本沒有完成鑽探和地面準備工作的延誤或不確定性，以及無法實現預期的勘探成功。前瞻性信息存在固有的不確定性，包括公司無法控制的因素。除非法律要求，否則如果情況或管理層的估計或意見發生變化，公司沒有義務更新前瞻性信息。提醒讀者不要過分依賴前瞻性陳述。識別可能影響財務業績的風險和不確定性的其他信息包含在公司向加拿大證券監管機構提交的文件中，這些文件可供查閱。
譯文內容由第三人軟體翻譯。