InvestorNewsBreaks – Laredo Oil Inc. (LRDC), Subsidiary Announce Oil Shows as Drilling Depth Met at First of Three Midfork Production Wells

July 5, 2024 08:47:00

Laredo Oil (OTC: LRDC), an oil exploration and production company, and its wholly owned subsidiary, Hell Creek Crude (“HCC”) LLC, are reporting oil shows in three zones of the Reddig 11-21 well in the Midfork field located in Valley County, Montana. The oil shows were discovered as total drilling depth was met in drilling operated by HCC in the Midfork field. The Reddig 11-21 well is the first of three production wells HCC plans to drill and operate. “We are elated with our progress and expect to have the well ready for production in three to four weeks,” said Laredo Oil chair and CEO Mark See in the press release. “Once the well is producing, we will begin planning the next two wells we expect to drill and operate in the Midfork field.”

To view the full press release, visit https://ibn.fm/IWi7j

About Laredo Oil Inc.

Laredo Oil is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil-recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering “stranded” oil using enhanced recovery methods. For more information about the company, visit www.Laredo-Oil.com.

NOTE TO INVESTORS: The latest news and updates relating to SILO are available in the company’s newsroom at https://ibn.fm/LRDC

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