Laredo Oil, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Austin, texas , march 14, 2024 /prnewswire/ -- laredo oil, inc. ("laredo oil") (otc pink sheets: lrdc), announces that texakoma exploration and production, llc ("texakoma") exercised its option to drill the next eight wells under its agreement with lustre oil company, llc, a wholly-owned subsidiary of laredo oil ("lustre"), and erehwon oil & gas, llc ("erehwon") to participate in the development of 7,375 net acres of mineral rights in valley county, montana (the "contract area").  after these eight wells are developed, texakoma can continue to drill additional wells within the contract area with the working and net revenue interest for each well being on a 50/50 basis between texakoma, on one hand, and lustre and erehwon, on the other hand.

Austin, texas , march 11, 2024 /prnewswire/ -- laredo oil, inc. (otc pink sheets: lrdc), an exploration and production company (the "company"), today announced that lustre oil company  llc ("lustre"), a wholly owned subsidiary of the company, has entered into a mutually agreeable settlement  agreement between lustre, erehwon oil & gas, llc ("erehwon"), and a&s minerals development company, llc  ("asmd"), (the "settlement agreement").  the confidential settlement agreement contains an undisclosed cash amount and settles the quiet title dispute between the parties.

Austin, texas , jan. 22, 2024 /prnewswire/ -- laredo oil, inc. (otc pink sheets: lrdc), an exploration and production company (the "company"), today announced that hell creek crude, llc ("hcc"), a wholly owned subsidiary of the company, has entered into a participation agreement between hcc, erehwon oil & gas, llc ("erehwon"), and various accredited investors (the "participation agreement"). the participation agreement will initially provide $2,034,000 million in cash to fund the drilling of a development well and the acquisition of certain leases currently held by lustre oil company, llc, a wholly owned subsidiary of the company, in the midfork field in montana.

Austin, texas , dec. 5, 2023 /prnewswire/ -- laredo oil, inc. (otc pink sheets: lrdc), an exploration and production company ("laredo oil") today announced the discovery of "free oil" in the second of two wells drilled by texakoma exploration and production, llc ("texakoma") under the agreement between lustre oil company, llc (a wholly-owned subsidiary of laredo oil) and texakoma. similar to the previously disclosed first well drilled under the agreement, texakoma ran and cemented casing in the second well, and is now preparing both wells for completion.

Austin, texas , nov. 17, 2023 /prnewswire/ -- laredo oil, inc. ("laredo oil") (otc pink sheets: lrdc), today announced that drilling has encountered free oil and drill cutting oil shows from the main target zone in the first of two exploratory wells under the agreement between lustre oil company, llc (a wholly-owned subsidiary of laredo oil) and texakoma exploration and production, llc ("texakoma").  texakoma has run and cemented casing in the first well and is moving the drilling rig to the second well location.