Laredo Oil (OTC: LRDC),an oil exploration and production company, and its wholly owned subsidiary, Hell Creek Crude LLC, have started drilling the Reddig 11-21 well in the Midfork field located in Valley County, Montana. According to the announcement, the well is the first of three production wells that the company, which operates in the Midfork field, plans to drill. “The Reddig 11-21 well was spudded,” said Laredo Oil chair and CEO Mark See in the press release. “And if it performs as planned, we expect to have it ready for production by late July. Once drilling is completed, the rig will be moved to the nearby Lustre field to be used by Texakoma Exploration and Production LLC to complete the third of ten wells on their continuing drilling program there. We continue to coordinate with them for drill rig scheduling, vendors, materials and mobilization to achieve lower drilling costs.”
To view the full press release, visit https://ibn.fm/95Mcj
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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