Laredo Oil Initiates Exploratory Drilling Project in Montana West Fork Field

Source: www.gulfoilandgas.com 1/7/2025, Location: North America

Laredo Oil, Inc. ("Laredo Oil") (OTC Pink Sheets: LRDC), an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it has initiated preparations to drill the first of three planned exploratory wells in the field.

Mark See, Chairman and CEO of Laredo Oil, commented "As previously reported, we are raising up to $7.5 million to drill three exploratory oil wells located in the West Fork prospect field. We have raised funds to begin preliminary work, including acquiring 2-D seismic data, selecting drilling locations, filing for permits and securing vendors for other drilling functions. We believe that the West Fork field potentially has oil reserves that could be equivalent to the Lustre field, which has produced approximately 7.5 million barrels of oil since its discovery by Exxon in 1981. If the first three exploratory West Fork wells are successful, we will embark on an aggressive drilling program to fully develop the field and expand our domestic U.S. oil production."


Iraq >>  2/13/2025 - As part of the Ministry of Oil's commitment to maximizing investment in national wealth and promoting sustainable development to support the national ...
Poland >>  2/10/2025 - Nearly a quarter of a billion cubic meters of gas – this is the size of the reserves in the Siedlemin field near the town of Jarocin. The swift commen...

Oman >>  2/7/2025 - Oman’s Ministry of Energy and Minerals (MEM) has launched a new competitive bid round for three oil and gas exploration blocks - Block 36, Block 43A a...
Australia >>  2/6/2025 - As disclosed in the Icon Energy Limited (ASX: ICN) (the Company)’s Annual Report released on 28 October 2024, the Company applied for a Petroleum Le...

Colombia >>  2/5/2025 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hyd...
Mongolia >>  2/5/2025 - Petro Matad Limited, the AIM quoted Mongolian oil company, confirms that after completion of the certification process, the Block XX Exploitation Area...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.