Argo's Lindbergh Oil Production, Lloyd on Production
Argo also has a mutual area of interest at Lindbergh, whereby Argo can participate in additional oil wells for 37.5% of the production for 37.5% of the oil well cost.
- Argo also has a mutual area of interest at Lindbergh, whereby Argo can participate in additional oil wells for 37.5% of the production for 37.5% of the oil well cost.
- In the area proximal to the current Lindbergh oil well, there are drilling locations for five oil wells based on current seismic coverage.
- Argo also announces that the seven leg multi-lateral Lloyd oil well in the Sparky formation has been completed, equipped and is now producing oil.
- The proceeds of the financing will be used for participation in the Sparky oil wells at Lloyd and Lindbergh, and for general corporate purposes.