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Yeah, looks like that $0.32 resistance might fail quickly
I've been in this one over 5 years and even when it got up to the sixty cent range there wasn't this much volume. You got to love the under the radarness of it all.
Serious accumulation happening in here. Surprised not much talk on the board.
As of December 21, 2023, Hell Creek Crude, LLC (“HCC”), a wholly owned subsidiary of Laredo Oil, Inc. (the “Company”), has received payments from various accredited investors in the total amount of $1,617,850. The payments are in anticipation of the execution of a proposed Participation Agreement between HCC, Erehwon Oil & Gas, LLC (“Erehwon”), the accredited investors who have made the $1,617,850 payments and additional accredited investors (collectively, the “Investors”). Several participating investors also currently hold $575,000 in convertible debt of the Company, plus accrued interest, which will be included under the Participation Agreement. The Company expects that additional accredited investors will invest another $416,150 under the Participation Agreement prior to its execution.
The Participation Agreement is expected to provide $2.034 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.
The foregoing is a description of the proposed investments and material terms and conditions of the proposed Participation Agreement and is not a complete discussion of the investments or the proposed Participation Agreement. The final material terms and conditions of the Participation Agreement will be disclosed following the execution of the Participation Agreement by HCC, Erehwon and the Investors.
https://fintel.io/doc/sec-laredo-oil-inc-1442492-8k-2023-december-21-19712-542
Crazy they actually could be a diamond in the rough here. Finally some amazing news.
I was actually making money on this for a couple of hours today
Been a few years since last run. Maybe she's waking up again.
that would be wonderful
Maybe the oil is flowing!!
Now 66 mil. OS. Still a low floater so always a chance for another run one day.
Yep. I took advantage of the run to .60. Did very well.
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.
That last run was a few years ago. Maybe it's time for another.
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
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 ?
Now Dead Duck?
They are broke and can’t raise any more $$ doesn’t look good
maybe oil price has to be higher for them to be profitable
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.
There is some accumulation happening in the past two days. Watching closely
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.
Does anyone pay attention to this anymore? Board is dead, no mods, nothing.
News out 8k. At least they got someone to work with them even know they are paying for it.
I have been in for a few months ave .15 a lottery play
Nice to see this maintain a PPS.
Best closing price in years. There has been persistent buyers for a few weeks.
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.
Best chart set up in years. This looks like it wants to go much higher.
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.
Agreed website was a complete redo and this will be the FIRST time in company existence that they have actually drilled oil for themselves.
untapped potensial here, patiently watching ... honor to those who have been in this long long times.
untapped potensial here, patiently watching ... honor to those who have been in this long long times.
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.
They hired them a while ago though and have done next to nothing
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.
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