Laredo Oil (OTC: LRDC) announced that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil (“HCC”), has elected to perforate the casing within the Charles C zone of its recently drilled Reddig 11-21 well in the Midfork field located in Valley County, Montana. “While drilling the Reddig 11-21 well, we encountered two viable zones, the Charles C and the Nisku, which we project will support economically productive wells,” said Mark See, chairman and CEO of Laredo Oil. “We have since cemented and cased the well to total depth through both zones. Our plan is to update the well permit and produce the Charles C zone first followed by further assessing developing the Nisku zone. I am excited to say that the Reddig 11-21 drilling results provide further evidence of the value of our Montana mineral rights.”
To view the full press release, visit https://ibn.fm/xe9p0
About Laredo Oil Inc.
Laredo Oil (www.laredo-oil.com) 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. Laredo Oil’s common stock is listed on the Pink Sheets under the symbol LRDC.
NOTE TO INVESTORS: The latest news and updates relating to LRDC are available in the company’s newsroom at https://ibn.fm/LRDC
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