Laredo Oil Inc
laredo-oil.comWhat Do They Do?
Pursues mature oil fields for underground gravity drainage recovery and drills conventional wells in Montana; sells oil and gas production to purchasers.
10-K, filed Sep 14, 2026We are an oil exploration and production company, primarily engaged in acquisition and exploration efforts to find mineral reserves on…View ↗
The original UGD method uses conventional mining processes to establish a drilling chamber underneath an existing oil field from which…View ↗
When we acquire a targeted oil field, we will continue to operate the producing field and expect to generate revenue from doing so. Once we…View ↗
Secondary to pursuing UGD projects is drilling conventional oil wells in Montana. Prior to purchasing the shares of SORC, while…View ↗
Revenue recognition - The Company recognized revenue in accordance with ASC 606, Revenue from Contracts with Customers. Crude oil revenue…View ↗
Who Are Their Customers?
Crude oil purchasers buy production under sales agreements.
10-K, filed Sep 14, 2026Revenue recognition - The Company recognized revenue in accordance with ASC 606, Revenue from Contracts with Customers. Crude oil revenue…View ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q1 FY2027, filed Oct 15, 2026
−$1.6MView ↗
- ▲ +69% (Loss)
- vs −$952.1K in Q1 FY2026
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