Sign In  |  Register  |  About Sunnyvale  |  Contact Us

Sunnyvale, CA
September 01, 2020 10:10am
7-Day Forecast | Traffic
  • Search Hotels in Sunnyvale

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Laredo Oil Inc. (LRDC) Capitalizing on Simplicity to De-Risk, Increase Production, Be Profitable

Laredo Oil (OTC: LRDC) CEO and Chair Mark See was a featured guest in a recent Bell2Bell Podcast episode in which he discussed Laredo’s management, focus and strategy. The company, which is led by executives and board members who have, on average, 30 to 40 years of experience in the oil and gas space, is in the business of profitably producing domestic oil. “Our niche is twofold,” See stated. “We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind… That presents an opportunity for quality assets that they just go by. That was our strategy when we formed Laredo, to prove 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.” According to a recent article, See further provided a summary of the company’s operations, underlining that Laredo has so far spent over $100 million on R&D to develop UGD as part of its 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,” See remarked. “That’s our focus. We’ve been successful in acquiring this acreage and operating these underutilized assets. It’s our approach – simplicity versus complexity. With complexity, there’s risk… simplicity lets us de-risk… it’s executable.”

To view the full article, visit https://ibn.fm/514×3

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. The company’s common stock is listed on the OTC Bulletin Board under the symbol LRDC. 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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Sunnyvale.com & California Media Partners, LLC. All rights reserved.