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$LRDC ALERT:)))) blockbuster MERGE/ACQUISITION NEWS...

BREAKING NEWS!

Laredo Oil Purchases Stranded Oil Resources Corp. LRDC) announced today that it acquired 100% of the stock of Stranded Oil Resources Corporation ("SORC"), a direct, wholly-owned subsidiary of Alleghany Corporation, in a transaction that closed on December 31, 2020.
https://www.prnewswire.com/news-releases/laredo-oil-purchases-stranded-oil-resources-corp-301201344.html

Stranded oil resources corporation was the subsidiary Alleghany Corporation (NYSE: Y) trade around $620.00



8-K Confirmed acquisition of Stranded Oil Resources Corp.

SORC owns the enhancements to UGD 3.0, an improved version of Laredo’s enhanced oil recovery technique utilized to produce oil from horizontally developed or mature pressure-depleted oil fields. With this acquisition of SORC, Laredo now has exclusive rights to utilize and license that technology worldwide, and has acquired oilfield assets and equipment.

https://sec.report/Document/0001654954-21-000225/

SORC asset Teapot Dome Oilfield NPR-3. NPR-3 has produced 28.5 million barrels (MMbbl) of oil with an estimated 300 MMbbl in place. 300 million MMbbl at the current market equal to 15 billion dollar.

Stranded Oil Resources Corp (SORC) paid $45.2 million for Reserve 3 (NPR-3). contained all rights, title and interest in the field.
https://www.hartenergy.com/exclusives/stranded-oil-resources-buys-historic-teapot-dome-oilfield-26294


"Owned by the Department of Energy, and operated by Flour Daniel Inc., the field produced over 22 million barrels of oil, generating more than $550 million for the government, until it was finally sold in 2015 to the Stranded Oil Company of New York for $45 million.
https://www.clui.org/ludb/site/naval-petroleum-reserve-3-teapot-dome

FLOAT 16 MILLION ZERO DILUTION SS UNCHANGED FOR THE PAST 6 YEARS.

54,514,765 shares of common stock issued and outstanding as of October 15, 2020.

As of August 31, 2015, the registrant had 54,514,765 shares of voting common stock outstanding