Laredo Oil, Inc. (LRDC)

[Twotone]

Finally, something good. Here's a link. https://www.prnewswire.com/news-releases/laredo-oil-inc-announces-promising-results-from-drilling-under-agreement-with-texakoma-exploration-and-production-301991603.html

[1flaguy]

Crazy they actually could be a diamond in the rough here. Finally some amazing news.

[Steven1f]

some news out

[Steven1f]

I was actually making money on this for a couple of hours today

[lager]

Been a few years since last run. Maybe she's waking up again.

[Steven1f]

that would be wonderful

[1flaguy]

Maybe the oil is flowing!!

[Steven1f]

this is up over 90% today what's up

[Cambreau]

Now 66 mil. OS. Still a low floater so always a chance for another run one day.

[lager]

Yep. I took advantage of the run to .60. Did very well.

[Cambreau]

If I remember correctly this ran big 2x a couple of years ago. 55 mil. OS and went from .06 -.60 in a day ! Unfortunately it was groups running the pps and not the company building momentum. I'm in another very low floater now and would love to see real sustainable progress in an OTC stock just once.

[lager]

That last run was a few years ago. Maybe it's time for another.

[CashCowMoo]

i remember just a few years ago people pumping this as a massive next huge thing. saying it was going to be worth dollars. i check in and it’s not even 10 cents

[morokoy]

So finally some action, in partnership with Erehwon Oil & Gas, whose Agent is a John M. Stafford, who appears to be the principal of Laris Oil & Gas., https://larisoil.com/management/
See Laredo's 8K filed today. Wonder why there seems to be no mention by Texakoma ?

[powerbattles]

Now Dead Duck?

[lager]

Dead duck now?

[1flaguy]

They are broke and can’t raise any more $$ doesn’t look good

[Steven1f]

maybe oil price has to be higher for them to be profitable

[UTBG]

The Laredo team has a great concept, and uniformly executes it badly. Some of the best minds in directional drilling are engaged and yet they do not seem to bring the concept to fruition. They are so close and yet so far - the LRDC team needs a closer.

[lager]

Anyone who snagged some under .10 GJ.

[Mr_Baby]

There is some accumulation happening in the past two days. Watching closely

[CashCowMoo]

From yesterdays report: Item 2. Properties

In May 2022, our subsidiary, Lustre Oil Company, began drilling an exploratory well, Olfert #11-4, in the Lustre oil field located in northeastern Montana. As of the filing of this report, the well has not been completed and put into production. As a result of the uncertainty of successful well completion and of future funding availability to develop acquired mineral rights, we are not providing disclosures of proved reserves until we have updated reserve reports.



A well drilled in May has not been completed? Sounds like a T/A well.

[CashCowMoo]

Does anyone pay attention to this anymore? Board is dead, no mods, nothing.

[1flaguy]

More news. Becoming a real company.

[1flaguy]

News out!!

[1flaguy]

Now press release out.

[1flaguy]

News out 8k. At least they got someone to work with them even know they are paying for it.

[1flaguy]

Buy the dip!!

[mplscubfan]

Looking great

[Steven1f]

I have been in for a few months ave .15 a lottery play

[lager]

Nice to see this maintain a PPS.

[1flaguy]

Best closing price in years. There has been persistent buyers for a few weeks.

[BEIJING BILL]

8K out - > On June 22, 2022, Laredo Oil, Inc. (the “Company”), Bradley E. Sparks, the Company’s Chief Financial Officer and a director of the Company (“Sparks”), and Olfert No. 11-4 Holdings, LLC (“Olfert”) executed an Assignment Agreement and Consent (the “Assignment Agreement”). The Assignment Agreement provides, among other things, for the Company to assign to Sparks the rights to purchase up to 356,243 of the 500,000 membership units of Olfert then held by the Company, in exchange for Sparks’ payment to Olfert of $356,243 of the Company’s remaining $500,000 capital commitment to Olfert. The Assignment Agreement was approved by the uninterested members of the Company’s Board of Directors. The description of the Assignment Agreement herein does not purport to be complete and is qualified in its entirety by reference to Exhibit 1.1.

[1flaguy]

Best chart set up in years. This looks like it wants to go much higher.

[highstreettrader]

100k sitting on the bid @ .16

[highstreettrader]

Looks like OTCX has the bid algorithm in full effect. Been doing a lot of bid jumping lately. I've still managed to add quite a bit over the last couple weeks. Looking forward to a drilling update hopefully soon. Timing with oil spiking again couldn't be better. And it looks like they just got some short term financing per recent 8k.

[BEIJING BILL]

LRDC chart - > https://stockcharts.com/c-sc/sc?s=LRDC&p=W&b=5&g=0&i=t9126518191c&r=1654185728943

[BEIJING BILL]

correct flaguy

[1flaguy]

Agreed website was a complete redo and this will be the FIRST time in company existence that they have actually drilled oil for themselves.

[BEIJING BILL]

untapped potensial here, patiently watching ... honor to those who have been in this long long times.

[BEIJING BILL]

untapped potensial here, patiently watching ... honor to those who have been in this long long times.

[Twotone]

I'm sure at least we can agree LRDC' s website looks 100 percent better than it did say 2 years ago, they really didn't have a website.

[cruecu]

They hired them a while ago though and have done next to nothing

[highstreettrader]

The way I see it is these guys are gonna want the price way up to be able to finance more drilling down the road. Laredo also finally hiring a PR company recently is a sign to me that it is likely time for them to shine. With results from their first well due soon this truly may be the calm before the storm. Just my .193 cents! Good luck all. Been following this one about 10-11 years now.

[1flaguy]

Looks amazing

[1flaguy]

Share structure is almost exactly the same. Super tight just read the latest filing. I think some good news could push this $.50 to 1$ no problem

[highstreettrader]

I believe the execs also still have options priced much higher than current price. That's actually one of the things I initially liked about this stock years ago. There's definitely some motivation to get this thing over $1.

[Cambreau]

Looks like 3 years since last share update. But any kind of promising news and $1 could be reached quickly.

[highstreettrader]

Not sure what the float is these days but the free trading shares were less than 19 million I believe last year. Insiders had most of the 55M OS locked.

[Cambreau]

Agreed. If they ever do, that 55 mil. OS looks very attractive.