Replies to post #677 on Laredo Oil Inc (LRDC)

[INTHEKNOW1]

IF YOU WOULD BACK UP YOUR POSTS WITH A LINK MAYBE SOMEONE WOULD TAKE YOU SERIOUS.

[powerbattles]

WHERE HAVE YOU BEEN? TEAPOT WAS SOLD TO LAREDO NOW WE OWED THE TEAPOT.

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

Theoretically buying 100% of company shares will give you 100% ownership or equity in the company. This doesn't mean you would own all the assets of the company just yet. For an example if your asset worth of ten million and you have debt and liabilities worth five million this mean your equity or your networth is only five million.

Great News! Yesterday Laredo follow up within 4 business days issue 8-k They 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/

So what's SORC oilfield assets and equipment worth?

Stranded Oil Resources Corp paid $45.2 million for Reserve 3 (NPR-3). contained mineral rights, title and interest in the field; the total acreage to 9,318.
https://www.hartenergy.com/exclusives/stranded-oil-resources-buys-historic-teapot-dome-oilfield-26294

This is an asset with a significant amount of remaining reserves.

NPR-3 is an oil and gas field 35 miles north of Casper, Wyo., created by presidential order in 1915. The historic field lies along the southwestern edge of the Powder River Basin and has produced 28.5 million barrels (MMbbl) of oil with an estimated 300 MMbbl in place.

https://www.hartenergy.com/exclusives/stranded-oil-resources-buys-historic-teapot-dome-oilfield-26294