Laredo Oil Inc. (LRDC) Preparing to Capitalize in Surging Oil Market Following Promising Reserve Report for Western Williston Basin Properties
Laredo received a reserve report valuing a small portion of its subsidiary’s Western Williston Basin properties interests at $41 million of cumulative cash flow (discounted at 10%) CEO Mark See highlighted the report as confirmation of potential for the first 10 well package at the property in northeast Montana Oil price forecasts have risen sharply early in 2022 with growing geopolitical tension, declining global production and rebounding demand Laredo Oil (OTC: LRDC), an oil and gas exploration and production (E&P) company, is focused on acquiring, developing and operating conventional oil and gas properties. During a recent down cycle, the company…