Laredo Oil(OTC) LRDC

Laredo Oil finds and develops oil from older fields in the U.S. It uses special methods to recover oil left behind by others. Its work helps supply energy for industries and communities.

Digging Deeper: What Laredo Oil Sells

• Oil Field Acquisition: Buys mature oil fields to extract remaining oil.
• Enhanced Oil Recovery (EOR): Uses methods like Underground Gravity Drainage to recover stranded oil.
• Conventional Drilling: Drills new wells in existing fields to boost production.
• Project Partnerships: Works with other companies to fund and develop oil projects.
• Mineral Rights Management: Manages rights to extract oil from specific land areas.

Growth Spurts: Laredo’s Expansion Moves

• Changed name from Laredo Mining to Laredo Oil in 2009 to focus on energy.
• Formed partnerships with Texakoma Exploration and Production and West Fork Resources in Montana (2023-2025).
• Acquired 50% interest in the Cat Creek oil field in Montana.
• Launched new drilling projects in Lustre, Midfork, and West Fork fields (2024-2025).
• Raised capital through promissory notes and stock sales to fund operations (2025).

What Makes Laredo Oil Stand Out

Laredo Oil uses a unique method called Underground Gravity Drainage to recover oil from old fields. It focuses on fields with large amounts of untapped oil, working with partners to share costs and risks. The company operates mainly in Montana, targeting projects that others may have overlooked.

Five Things You Need to Know

• Revenue was $1,543 in Q1 2026, down 74.5% from Q1 2025.
• Net loss was $952,074 in Q1 2026, up 102.9% year-over-year.
• Cash used in operations was $861,667 in Q1 2026, down 240.7% from Q1 2025.
• Total assets were $1.6 million as of August 31, 2025.
• All wells drilled to date have not produced oil profitably.

Bottom Line

Laredo Oil focuses on extracting oil from mature fields using specialized methods. The company faces financial challenges but continues to pursue new projects and partnerships.