Laredo Oil Inc. (OTC: LRDC), based in Austin, Texas, is a publicly traded oil and gas exploration and production (“E&P”) company. Specializing in conventional and enhanced oil recovery (“EOR”) techniques, the company is engaged in the acquisition and development of both undervalued quality conventional oil and gas properties and select mature oil fields. In addition to pursuing conventional recovery methods in target locations, Laredo Oil intends to utilize its proprietary Underground Gravity Drainage™ (“UGD”) model, where conditions warrant, to profitably recover stranded oil reserves previously thought to be incapable of economic recovery.
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