NetworkNewsBreaks – Laredo Oil Inc. (LRDC) CEO D
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Posted On: 03/03/2022 4:45:31 PM
NetworkNewsBreaks – Laredo Oil Inc. (LRDC) CEO Discusses Strategic Business Model in Bell2Bell Podcast Interview
Laredo Oil (OTC: LRDC), an oil and gas exploration and production company, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Mark See, chairman and CEO of Laredo Oil, joined the latest episode to discuss the company’s business model and operations. “Our business is very simple. … Profitably produced oil – that’s our business,” See said, further expanding on Laredo Oil’s strategy to stand distinct in the market. “Our niche was two-fold. We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind. Additionally, the large independents and majors have to deploy capital in large quantities – billions of dollars at a time. That presents an opportunity for quality assets that they just go by. That was our strategy when we formed Laredo, to prove up 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. The product of those parallel paths is what the company did over the last 11 years… To take us to the present, we spent over $100 million on R&D to build UGD, and that’s our 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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Laredo Oil (OTC: LRDC), an oil and gas exploration and production company, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Mark See, chairman and CEO of Laredo Oil, joined the latest episode to discuss the company’s business model and operations. “Our business is very simple. … Profitably produced oil – that’s our business,” See said, further expanding on Laredo Oil’s strategy to stand distinct in the market. “Our niche was two-fold. We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind. Additionally, the large independents and majors have to deploy capital in large quantities – billions of dollars at a time. That presents an opportunity for quality assets that they just go by. That was our strategy when we formed Laredo, to prove up 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. The product of those parallel paths is what the company did over the last 11 years… To take us to the present, we spent over $100 million on R&D to build UGD, and that’s our 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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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