Laredo Oil Inc (LRDC)

[ChitForBrains]

They get 122K per qtr management fee and CEO acts as CEO of SORC and then get 16-19% net profit (& lowered to 7% certain....)
http://ih.advfn.com/p.php?pid=nmona&article=48136569

On June 14, 2011, Laredo Oil, Inc. (“the Company”) entered into several agreements with Stranded Oil Resources Corporation (“SORC”), an indirect, wholly owned subsidiary of Alleghany Corporation (“Alleghany”), to seek recovery of stranded crude oil from mature, declining oil fields by using the Enhanced Oil Recovery (“EOR”) method known as Underground Gravity Drainage (“UGD”). Such agreements consist of a License Agreement between the Company and SORC (the “License Agreement”), a License Agreement between the Company and Mark See, the Company’s Chairman and CEO (the “MS-Company License Agreement”), an Additional Interests Grant Agreement between the Company and SORC, a Management Services Agreement between the Company and SORC (the "MSA"), a Finder’s Fee Agreement between the Company and SORC and a Stockholders Agreement among the Company, SORC and Alleghany Capital Corporation, each of which are dated June 14, 2011 (collectively, the “Agreements”).

http://www.laredo-oil.com/company.php
I guess since it is indirect it is not in their 10K http://ih.advfn.com/p.php?pid=nmona&article=48705846