Laredo Oil Inc. (LRDC) Plans Drilling of First Well in Lustre Oil Field This Month

May 9, 2022

Plans moving forward to begin drilling this month
Depending on drill production, drilling of next 10 wells will follow
Reserve report estimates value of production to be $41 million

Laredo Oil (OTC: LRDC) an exploration and production company specializing in conventional and enhanced oil recovery techniques targeting mature and declining oil fields, is one step closer to drilling its first well — the Olfert 11-4 — in the Lustre Oil Field. The company has been granted a drilling permit for the planned drilling to take place in the Western Williston Basin of Montana (https://ibn.fm/xrwS0) and plans are moving forward to begin drilling soon.

“The Olfert 11-4 well is the first of 11 wells we have identified for completion in 2022,” said Laredo Oil chair and CEO Mark See. “Drilling there will commence as soon as possible; the drill rig is under…

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