Laredo Oil (OTC: LRDC), an oil exploration and production company, through its wholly owned subsidiary Lustre Oil Company LLC, is acquiring mineral rights in northeastern Montana core development areas. According to the company, the company has increased its acreage in these key locations from 24,000 net acres to 45,246 gross and 37,932 net acres currently. “Our acquisition strategy has allowed us to lease acreage in the Western Williston Basin in Montana at what we believe to be a fraction of the cost of acreage in other comparable basins,” said Laredo Oil chair and CEO Mark See in the press release. “Additionally, we believe that our knowledge of the area enables us to selectively add to our accumulated leases going forward.”
To view the full press release, visit https://ibn.fm/jmBKQ
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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