Laredo Oil, Inc. Announces Agreement to Drill Up to Three Wells in Montana
LAREDO OIL INC (LRDC)
NASDAQ:AMEX Investor Relations:
investor.laredopetro.com
Company Research
Source: PR Newswire
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 Participation Agreement will initially provide $2,034,000 million in cash to fund the drilling of a development well and the acquisition of certain leases currently held by Lustre Oil Company, LLC, a wholly owned subsidiary of the Company, in the Midfork Field in Montana. Several of the participating investors also hold $575,000 in the Company's convertible debt, plus accrued interest, which investments are included as investments under the Participation Agreement.Until the total of the $2,609,000 in cash and notes is repaid to the various investors, the net working interest payments from the P
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News
- Laredo Oil Announces that Texakoma Exercised its Option to Drill Eight Additional Wells under Existing Development Agreement [Yahoo! Finance]Yahoo! Finance
- Laredo Oil Announces that Texakoma Exercised its Option to Drill Eight Additional Wells under Existing Development AgreementPR Newswire
- Laredo Oil, Inc. Announces Agreement to Settle Litigation with A&S Minerals Development Company, LLC [Yahoo! Finance]Yahoo! Finance
- Laredo Oil, Inc. Announces Agreement to Settle Litigation with A&S Minerals Development Company, LLCPR Newswire
LRDC
Sec Filings
- 4/19/24 - Form 10-Q
- 4/15/24 - Form NT
- 3/12/24 - Form 8-K
- LRDC's page on the SEC website