Laredo Oil Inc (LRDC)

[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.

[Twotone]

So true, but these are unusual times.

[cruecu]

Gonna take a lot more effort from these guys and they’ve basically never cared to promote their ticker. It’s certainly a good setup but this market is dead right now too.

[Twotone]

I'm thinking at least a buck and a quarter.

[cruecu]

And then you held it when it went to almost 20?

[Twotone]

Well, I backed up the truck when it was below a nickel, so your condolence is nice but not apropos.

[cruecu]

Sorry about your bag

[1flaguy]

I expect more news shortly and probably a large spike in price.

[Twotone]

I've been here since the last run up over .50 and crude is much more expensive now.

[BEIJING BILL]

another move is brewing, spec oil starting to heat up again

[mplscubfan]

Looking good here

[1flaguy]

Q is out. Still a million bucks in cash on the balance sheet. Oil to be pumping soon!!

[BEIJING BILL]

spec oil plays are the 'in' thing again ... follow the $$$$$$$$$$$$$

[lager]

See you again this time next year. Another 12 months to load up.

[StocktonCA]

Nice Cup and Handle forming on the 1 month/3 month chart. as the war in Ukraine drags out, WTI Oil will Rise accordingly

[BEIJING BILL]

spec oil in play todey $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[BEIJING BILL]

Laredo Oil Inc. is an independent Exploration and Production (E&P) Company engaged in the acquisition, production and re-development of oil using a unique Enhanced Oil Recovery (EOR) Application in Depleted and Mature Oil Fields. The Company's primary focus is on increasing domestic production from proven oil fields. The process began with oil field screening and selection. We pursued oil fields with a minimum of 25 million barrels of estimated recoverable oil. There are 6,500 fields in the US (with an addressable market at 18 B bbls); 14,500 fields worldwide; with 100+ stranded oil fields identified by Laredo as qualified for UGD recovery. At first when the Company acquires a targeted oil field, we will continue to operate the producing field and expect to generate revenue and profit from doing so. Then, Laredo's tool is to apply its Underground Gravity Drainage (UGD) process. The UGD method in the field starts with gaining underground access, then implementing traditional, proven underground mining machinery to drill upwards from beneath the target oil field, where closely spaced wellbores can be drilled up into the reservoir, using gravity to then drain the targeted reservoir through the wellbores. Once development of the underground chamber and the UGD method is prepared for operation, the conventional wells will be capped after UGD production has begun. A combination of increased well spacing and Gravity Drainage is used to drain the remaining mobile oil. The Hyper Down-Spacing enables accelerated production across the entire field. This method is applicable to mature oil fields that have very specific geological characteristics. This Business Process significantly increases well count and radically reduces Capital and Operating cost per bbl: $8 average cost vs. industry average of $35+ per barrel for Enhanced Oil Recovery projects. Some wells can materially increase the field oil production rate from prior periods and recover amounts of oil equal to or greater than amounts previously recovered from the mature fields selected. As such, this Business Process can produce oil equal to or greater than the historical cumulative production in the field. This solution boasts highly predictable production and high scalability. The effect of such operations should result in minimal disruption of oil production from our field investments.

[cruecu]

You would have to be an idiot to make an attempt to short this with the share structure from down here and the way it can move. Plus 99% of people don’t even have a broker that can short it. Weird buying for sure though

[1flaguy]

Amazing reversal today. Low .07 and ripped!!

[Twotone]

Shortinus sqweezinus is the Latin term for today's buying craze or somebody knows something.

[waterpro42]

We waking up big

[cruecu]

That’s still not a reason for a lack of ability to promote your ticker…especially with this share structure. Most of these pieces of shit don’t make money.