Laredo Oil Inc. LRDC Archives

FridaySep 09, 2022 1:49 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Ideally Poised as Bullish 2023 Forecast Suggests Pricing Uptrend

Laredo Oil (OTC: LRDC), an oil exploration and production company, is primarily focused on acquiring, developing and operating undervalued conventional oil and gas properties while also engaging in the acquisition and development of select mature oil fields that are suitable for its proprietary Enhanced Oil Recovery (“EOR”) methods. “Despite a slowing economy and worries of a recession, the oil and gas industry has rebounded strongly throughout 2021, with oil prices reaching their highest levels in six years, a recent Deloitte report noted; OPEC’s recent bullish 2023 forecast indicates that upward trend may continue. That’s good news for Laredo Oil, which…

ThursdaySep 01, 2022 12:01 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Making Strategic Moves Toward Future Growth, Enhanced Presence in Public Financial Markets

Laredo Oil (OTC: LRDC), an oil exploration and production company specializing in conventional and enhanced oil recovery (“EOR”) techniques targeting mature and declining oil fields, is eyeing the possibility of uplisting to a higher exchange and is making strategic moves in that direction. A recent article reads: “Laredo recently signed a financial advisory agreement with Dawson James Securities aimed to provide essential insight and support as the company focuses on future growth. ‘Dawson James brings 20 years of investment banking experience and expertise, which, I feel, will enhance our presence in the public financial markets,’ said Laredo Oil CEO Mark…

FridayAug 26, 2022 10:30 am

Laredo Oil Inc. (LRDC) Progressing Toward Drilling as 2023 Oil Demand Projected to Increase

OPEC releases “bullish” forecast for oil demand moving into 2023 Healthy global economic growth, improvements in geopolitical developments and containment of COVID-19 in China contribute to positive projection LRDC has leased 37,900 mineral acres in the Western Williston Basin of Montana Despite a slowing economy and worries of a recession, the oil and gas industry has rebounded strongly throughout 2021, with oil prices reaching their highest levels in six years, a recent Deloitte report noted (https://ibn.fm/aobNZ); OPEC’s recent bullish 2023 forecast indicates that upward trend may continue. That’s good news for Laredo Oil (OTC: LRDC), an oil exploration and production…

WednesdayAug 24, 2022 9:00 am

Laredo Oil Inc. (LRDC) Partners with Dawson James Securities to Focus on Future Growth

Dawson James brings 20 years of investment banking experience that will enhance LRDC presence in public financial markets Financial advisory agreement outlines valuable advice, consultations regarding uplisting, business and financial planning, corporate organization and structure, and more Laredo Oil is an oil exploration, production company primarily engaged in acquisition and exploration efforts for mineral properties Uplisting to a higher exchange can bring significant advantages to companies, and Laredo Oil (OTC: LRDC) is eyeing that possibility and making strategic moves in that direction. Laredo, an exploration and production company specializing in conventional and enhanced oil recovery (“EOR”) techniques targeting mature and…

ThursdayAug 18, 2022 10:22 am

QualityStocksNewsBreaks – Laredo Oil Inc.’s (LRDC) Subsidiary Secures Permits to Drill

Laredo Oil (OTC: LRDC), an oil exploration and production company, today announced that its wholly owned subsidiary, Lustre Oil Company LLC, was granted two drilling permits. The permits are for its second and third wells in the Lustre Oil Field, which is located in the Western Williston Basin of Montana. “We are currently working with Dawson James, our investment banker, on obtaining the financing we need to develop these two new wells,” said Mark See, Laredo Oil’s chairman and CEO. To view the full press release, visit https://ibn.fm/FYMpf About Laredo Oil Inc. Laredo Oil is an oil exploration and production…

MondayAug 15, 2022 12:17 pm

QualityStocksNewsBreaks — Laredo Oil Inc. (LRDC) Subsidiary Acquires Mineral Rights in Core Development Areas in Montana

Laredo Oil (OTC: LRDC), an oil exploration and production company, through its wholly owned subsidiary Lustre Oil Company LLC, is acquiring mineral rights in northeastern Montana core development areas. According to the company, the company has increased its acreage in these key locations from 24,000 net acres to 45,246 gross and 37,932 net acres currently. “Our acquisition strategy has allowed us to lease acreage in the Western Williston Basin in Montana at what we believe to be a fraction of the cost of acreage in other comparable basins,” said Laredo Oil chair and CEO Mark See in the press release.…

WednesdayJul 27, 2022 10:51 am

QualityStocksNewsBreaks — Laredo Oil Inc. (LRDC) Announces Financial Advisory Agreement with Dawson James Securities

Laredo Oil (OTC: LRDC), an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties, has entered into a financial advisory agreement with Dawson James Securities. According to the announcement, Dawson will provide advice to Laredo regarding the company’s business and financial planning, corporate organization and structure, and private and public equity and debt financing. Dawson will also consult with Laredo about potential uplisting and other pertinent matters. A Dawson official noted that the company looks forward to assisting Laredo in in achieving all its business and financial goals. “Dawson James brings 20 years of…

WednesdayMay 18, 2022 2:23 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Expanding Mineral Rights Acreage to Leverage Potential of Montana Property

Laredo Oil (OTC: LRDC) was recently granted a permit for planned drilling, starting with its first well, the Olfert 11-4, at a property located in the Western Williston Basin of Montana acquired by Laredo’s subsidiary, Lustre Oil Company LLC. A recent article quotes company CEO and Chair Mark See as saying, “Assuming successful economic results from the completion of the first well, we intend to proceed to drill the next ten wells, contingent upon successful completion of the fundraising efforts currently underway… And we are continuing to expand our mineral rights acreage portfolio in Montana to more fully realize the…

FridayMay 13, 2022 12:34 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Capitalizing on Simplicity to De-Risk, Increase Production, Be Profitable

Laredo Oil (OTC: LRDC) CEO and Chair Mark See was a featured guest in a recent Bell2Bell Podcast episode in which he discussed Laredo’s management, focus and strategy. The company, which is led by executives and board members who have, on average, 30 to 40 years of experience in the oil and gas space, is in the business of profitably producing domestic oil. “Our niche is twofold,” See stated. “We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind… That presents an opportunity for quality assets that they just go…

MondayMay 09, 2022 9:00 am

Laredo Oil Inc. (LRDC) Plans Drilling of First Well in Lustre Oil Field This Month

Plans moving forward to begin drilling this month Depending on drill production, drilling of next 10 wells will follow Reserve report estimates value of production to be $41 million Laredo Oil (OTC: LRDC) an exploration and production company specializing in conventional and enhanced oil recovery techniques targeting mature and declining oil fields, is one step closer to drilling its first well — the Olfert 11-4 — in the Lustre Oil Field. The company has been granted a drilling permit for the planned drilling to take place in the Western Williston Basin of Montana (https://ibn.fm/xrwS0) and plans are moving forward to begin…

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