Laredo Oil (OTC: LRDC), an oil and gas exploration and production company, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Mark See, chairman and CEO of Laredo Oil, joined the latest episode to discuss the company’s business model and operations. “Our business is very simple. … Profitably produced oil – that’s our business,” See said, further expanding on Laredo Oil’s strategy to stand distinct in the market. “Our niche was two-fold. We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind. Additionally, the large independents and majors have to deploy capital in large quantities – billions of dollars at a time. That presents an opportunity for quality assets that they just go by. That was our strategy when we formed Laredo, to prove up our Underground Gravity Drainage(TM) (‘UGD’) technology to recover some of these 20 billion barrels of stranded oil in the United States and also to acquire and operate underutilized smaller assets. The product of those parallel paths is what the company did over the last 11 years… To take us to the present, we spent over $100 million on R&D to build UGD, and that’s our long-term strategy. Our short-term strategy focuses on underutilized assets allowing us to come in, operate, increase production, drive down costs and be profitable in the oil business.”
To view the full press release, visit https://ibn.fm/qx9Og
About Laredo Oil Inc.
Laredo Oil is an exploration and production company specializing in conventional and enhanced oil recovery techniques targeting mature and declining oil fields. In addition to pursuing conventional recovery methods in selected oil fields, where applicable Laredo Oil plans to use its unique UGD(TM) model to profitably recover stranded oil reserves previously thought to be incapable of economic recovery. For more information, visit www.Laredo-Oil.com.
NOTE TO INVESTORS: The latest news and updates relating to LRDC are available in the company’s newsroom at https://ibn.fm/LRDC
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