QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Eyes Field’s Potential on Heels of Favorable Report for First Identified Wells at Montana Asset
Laredo Oil (OTC: LRDC) is an oil and gas exploration and production (“E&P”) company focused on acquiring, developing and operating conventional oil and gas properties. During a recent down cycle, the company leased 23,739 mineral acres in the Western Williston Basin of Montana at favorable prices and continues to make progress toward developing the asset. “In November, Laredo announced receiving a reserve report from an independent petroleum engineering firm estimating that interests attributable to certain properties in the Western Williston Basin of Montana acquired by Laredo subsidiary Lustre Oil Company LLC have a present total worth of ‘$41 million of…