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Article: Laredo Oil Announces Enhanced Oil Recovery Strategy.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BIG HORN, Wyo., Nov. 9 /PRNewswire-FirstCall/ -- Laredo Oil, Inc. (OTC Bulletin Board: LRDC), an Exploration and Production company specializing in incremental production on domestic oil fields, today announced its business strategy.
According to Mark See, Chairman and CEO, "Our strategy is simple. Laredo Oil will acquire targeted mature and abandoned oil fields and use customary underground equipment to recover stranded oil reserves previously thought to not be economically recoverable. Using a reserved Classification and Ranking program, we have identified over 100 potential target fields containing an estimated 18 billion barrels of stranded oil."
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