Category Archives: Press Releases

Laredo Oil Announces Discovery of Oil Shows at Midfork Well

AUSTIN, Texas, July 3, 2024 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil (“HCC”), has reached total drilling depth and encountered oil shows in three zones of the Reddig 11-21 well in the Midfork field located in Valley County, Montana. This well is the first […]

Laredo Oil Commences Drilling Midfork Well

AUSTIN, Texas, June 27, 2024 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil (“HCC”), commenced drilling the Reddig 11-21 well in the Midfork field located in Valley County, Montana. This well is the first of three production wells planned to be drilled and operated by HCC […]

Laredo Oil Announces Permit Issuance for Midfork Well

AUSTIN, Texas, April 30, 2024 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), announces that the State of Montana issued to Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil (“HCC”), a permit to drill the Reddig 11-21 well in the Midfork field located in Valley County, Montana. This well is the first of three production wells […]

Laredo Oil Announces that Texakoma Exercised its Option to Drill Eight Additional Wells under Existing Development Agreement

AUSTIN, Texas, March 14, 2024 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), announces that Texakoma Exploration and Production, LLC (“Texakoma”) exercised its option to drill the next eight wells under its agreement with Lustre Oil Company, LLC, a wholly-owned subsidiary of Laredo Oil (“Lustre“), and Erehwon Oil & Gas, LLC (“Erehwon”) to participate in […]

Laredo Oil, Inc. Announces Agreement to Settle Litigation with A&S Minerals Development Company, LLC

AUSTIN, Texas, March 11, 2024 /PRNewswire/ — Laredo Oil, Inc. (OTC Pink Sheets: LRDC), an exploration and production company (the “Company”), today announced that Lustre Oil Company  LLC (“Lustre“), a wholly owned subsidiary of the Company, has entered into a mutually agreeable Settlement  Agreement between Lustre, Erehwon Oil & Gas, LLC (“Erehwon”), and A&S Minerals Development Company, LLC  (“ASMD”), (the “Settlement […]

Laredo Oil, Inc. Announces Agreement to Drill Up to Three Wells in Montana

AUSTIN, Texas, Jan. 22, 2024 /PRNewswire/ — Laredo Oil, Inc. (OTC Pink Sheets: LRDC), an exploration and production company (the “Company”), today announced that Hell Creek Crude, LLC (“HCC”), a wholly owned subsidiary of the Company, has entered into a Participation Agreement between HCC, Erehwon Oil & Gas, LLC (“Erehwon”), and various accredited investors (the “Participation Agreement”). The […]

Laredo Oil, Inc. Announces Discovery of Free Oil in Connection with Agreement with Texakoma Exploration and Production

AUSTIN, Texas, Dec. 5, 2023 /PRNewswire/ — Laredo Oil, Inc. (OTC Pink Sheets: LRDC), an exploration and production company (“Laredo Oil”) today announced the discovery of “free oil” in the second of two wells drilled by Texakoma Exploration and Production, LLC (“Texakoma”) under the agreement between Lustre Oil Company, LLC (a wholly-owned subsidiary of Laredo Oil) and Texakoma. Similar […]

Laredo Oil, Inc. Announces Promising Results from Drilling Under Agreement with Texakoma Exploration and Production

AUSTIN, Texas, Nov. 17, 2023 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), today announced that drilling has encountered free oil and drill cutting oil shows from the main target zone in the first of two exploratory wells under the agreement between Lustre Oil Company, LLC (a wholly-owned subsidiary of Laredo Oil) and Texakoma Exploration […]

Laredo Oil Subsidiary Enters Into Agreement with Texakoma

AUSTIN, Texas, July 21, 2023 /PRNewswire/ — Laredo Oil, Inc. (“Laredo Oil”) (OTC Pink Sheets: LRDC), announces that Lustre Oil Company, LLC (a wholly-owned subsidiary of Laredo Oil) entered into an agreement with Texakoma Exploration and Production, LLC (“Texakoma”) for it to participate in the exploration and development of 7,375 net acres of mineral rights in Valley County, Montana (“Contract […]

Laredo Oil, Inc. Announces Permits to Drill

AUSTIN, Texas – via InvestorWire – Laredo Oil, Inc. (OTC Pink Sheets: LRDC) (“Laredo Oil”), an oil exploration and production company, today announces that its wholly owned subsidiary, Lustre Oil Company, LLC, has been granted two drilling permits for its second and third wells in the Lustre Oil Field, which is located in the Western Williston […]