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You should ask WHY people would give them money for NOTHING,!
Because they’re absolute morons and I have no clue how to write a press release. There was no need to even mention that they’re raising money. However they think that people will call and ask them and give them money for the oil rigs. Call and ask they are not selling shares
They would be, and would have been, crushing bids if they were actively looking to dilute in that way. Clearly they aren’t. That’s the one good thing about this ticker at least
They tried to hide something Because They will do huge diluting like selling 150 m to 200 million new shares.
And why don't they say it in the pr??
FYI the 20 million that they’re trying to raise is not in stock has nothing to do with the stock. They are raising money privately to build the wells. On a oil share structure basis
What do you think of this new?...not what I was expecting.
Laredo Oil Granted Drilling Permit for Lustre Oil Field Property in Northeast Montana
AUSTIN, Texas, March 10, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC) announces today it has been granted a drilling permit to drill its first well in the Lustre Oil Field, located in the Western Williston Basin of Montana. The well (Olfert 11-4) will be drilled with 80-acre spacing on oil interests owned by Lustre Oil Company, LLC (“Lustre”), a wholly owned Laredo Oil subsidiary.
“The Olfert 11-4 well is the first of 11 wells we have identified for completion in 2022. Drilling there will commence as soon as possible; the drill rig is under contract and, depending on rig availability and weather, is scheduled for the end of April. Initial production from this first well is expected as early as three weeks after spudding and will aid Laredo Oil in assessing the viability of the program described in the $41 million NPV-10 reserve report dated effective Nov. 1, 2021, from an independent petroleum engineering firm. Assuming successful economic results from the completion of this first well, we intend to proceed to drill the next 10 wells, contingent upon successful completion of the fundraising efforts currently underway,” says Mark See, chairman and CEO of Laredo Oil.
“We are in the process of actively attempting to raise $20 million to develop the 10 well program identified in the reserve report, and we are continuing to expand our mineral rights acreage portfolio in Montana to more fully realize on the opportunity that we believe exists there,” Mr. See added.
I can’t post a link it’s on all my newswire services
Never heard of it
Has anyone sceen the movie the fast and furious? Thats vhat i feel is coming
Exactly, i am adding on any dips, i fully espect this to explode up when oil resumes its march towards $200 pb
We are lit about to explode look at this S/S no games no dilution!
Link to Mark See podcast last week.
https://podcasts.apple.com/us/podcast/the-bell2bell-b2b-podcast/id1550646675?i=1000553167794
https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Jump-As-Biden-Announces-Full-Ban-On-Russian-Energy-Imports.html
LRDC!!!!
just sucks that gas prices are so high. the silver lining is investments in these little known low float stocks to offset the pain at the pump!!
No dilution for years...nice.
https://www.otcmarkets.com/filing/html?id=15487139&guid=7yHwkaUP5E4FJth
54,514,765 shares of common stock issued and outstanding as of January 14, 2022.
LRDC SECURITY DETAILS
Share Structure
Market Cap Market Cap
7,495,780
03/07/2022
Authorized Shares
90,000,000
06/25/2019
Outstanding Shares
54,514,765
06/25/2019
https://www.otcmarkets.com/filing/html?id=8210100&guid=7yHwkaUP5E4FJth
52,000,013 shares of common stock issued and outstanding as of October 17, 2011.
HUGE!!!
“To take us to the present, we spent over $100 million on R&D to build UGD, and that’s our long-term strategy. Our short-term strategy focuses on underutilized assets allowing us to come in, operate, increase production, drive down costs and be profitable in the oil business,” See added. “We are acquiring assets that are smaller, but very meaningful to a company of our size … That’s our focus. We’ve been successful in acquiring this acreage and operating these underutilized assets. It’s our approach – simplicity versus complexity. With complexity there’s risk. … Simplicity lets us de-risk. … It’s more executable.”
You should listen to the POD the CEO did about a week ago. flaguy has the link
Biden banning Russian import of oil $LRDC could hit $10.00 next x1000 OTC!!!! News imminent
.24 now .... lizten to the podcast, assets valued at 45 million
Gas is coming listen to the podcast Mark said news coming out very soon.
.20 cents now, spec oil is flying beby
Now if the company would only throw some "gas" (pr) on the fire.
Most posts I have seen here in past few weeks for a while. Let’s keep that $1 run mentality this is a low float play
hoping this gets on the radar of some whales tomorrow. Was watching ENS* fly after hours today. "when the Tide is high, it lifts all the boats big and small" our low float share structure should help!!! Good luck to all!!! LRDC
Our ceo “Our niche was two-fold. We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind. Additionally, the large independents and majors have to deploy capital in large quantities – billions of dollars at a time.”
For the love of god Everyone buy this stock next x100 https://oilprice.com
Could easily see $1.00 this month easily
2021 repeat. Hope you loaded again all year long.
Hopefully a PR is on it's way also.
holding for $$$$$$$ much more coming.
$LRDC up 50% This is gonna run to .50-.75 and keep climbing!!!! OIL is HUGE!!! LOW FLOAT!!!!
Hidden Gems starting to wake up in wake of Russia/Ukraine
Just the beginning
Looks like this is being discovered today ? nice pre gap.
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