Laredo Oil Announces Cranston Saltwater Disposal Well is Operational
Laredo Oil (OTC: LRDC) has announced that its Cranston Saltwater Disposal (SWD) well is now operational. The company, which holds over 30,000 net acres of mineral rights in the West Fork Prospect Area north of Montana's Fort Peck reservation, has completed all disposal and facility upgrades, along with necessary permitting and administrative tasks for the recently acquired well from Texakoma Exploration & Production Company.
The operational status of the Cranston SWD well enables an immediate, cost-effective water disposal solution for five drilled and completed shut-in wells. Additionally, the company plans to convert two more shut-in saltwater disposal wells acquired with the Cranston, supporting future drilling programs by Texakoma and Lustre, which currently plan nine additional wells.
Laredo Oil (OTC: LRDC) ha annunciato che il suo pozzo di smaltimento di acqua salata Cranston (SWD) è ora operativo. L'azienda, che detiene oltre 30.000 acri netti di diritti minerari nell'Area di Prospettiva West Fork a nord della riserva di Fort Peck del Montana, ha completato tutti gli aggiornamenti alle strutture di smaltimento e alle strutture necessarie, insieme ai permessi e compiti amministrativi necessari per il pozzo recentemente acquisito da Texakoma Exploration & Production Company.
Lo stato operativo del pozzo SWD Cranston consente una soluzione immediata e conveniente per lo smaltimento dell'acqua di cinque pozzi perforati e completati. Inoltre, l'azienda prevede di convertire altri due pozzi di smaltimento di acqua salata chiusi, acquisiti con il Cranston, supportando i futuri programmi di perforazione di Texakoma e Lustre, che attualmente pianificano ulteriori nove pozzi.
Laredo Oil (OTC: LRDC) ha anunciado que su pozo de eliminación de agua salada Cranston (SWD) ya está operativo. La compañía, que posee más de 30,000 acres netos de derechos minerales en el Área de Prospección West Fork al norte de la reserva Fort Peck de Montana, ha completado todas las actualizaciones de eliminación y de instalaciones, junto con los permisos necesarios y tareas administrativas para el pozo recientemente adquirido de Texakoma Exploration & Production Company.
El estado operativo del pozo SWD Cranston permite una solución inmediata y rentable para la eliminación de agua de cinco pozos perforados y completados. Además, la compañía planea convertir dos pozos más de eliminación de agua salada que adquirió con Cranston, apoyando los futuros programas de perforación de Texakoma y Lustre, que actualmente planean nueve pozos adicionales.
라레도 오일 (OTC: LRDC)는 크랜스턴 염수 처리(SWD) 우물이 이제 운영에 들어갔다고 발표했습니다. 몬태나 포트 펙 보호구역 북쪽의 웨스트 포크 예상 지역에서 30,000 에이커 이상의 자산을 보유한 이 회사는, 최근 텍사코마 탐사 및 생산 회사로부터 인수한 우물에 대해 필요한 모든 처분 및 시설 업그레이드 작업과 허가 및 행정 작업을 완료했습니다.
크랜스턴 SWD 우물의 운영 상태는 다섯 개의 시추 완료 우물에 대한 즉각적이고 비용 효과적인 물 처리 솔루션을 가능하게 합니다. 또한, 이 회사는 크랜스턴과 함께 인수한 두 개의 휴면 염수 처리 우물을 변환할 계획이며, 이는 현재 아홉 개의 추가 우물을 계획하고 있는 텍사코마와 러스트르의 향후 시추 프로그램을 지원합니다.
Laredo Oil (OTC: LRDC) a annoncé que son puits de drainage d'eau salée Cranston (SWD) est désormais opérationnel. L'entreprise, qui détient plus de 30 000 acres nets de droits miniers dans la zone de prospection de West Fork au nord de la réserve de Fort Peck dans le Montana, a finalisé toutes les mises à jour des installations de drainage ainsi que les permis et les tâches administratives nécessaires pour le puits récemment acquis de Texakoma Exploration & Production Company.
Le statut opérationnel du puits SWD de Cranston permet une solution immédiate et rentable pour le drainage de l'eau de cinq puits forés et complétés. De plus, l'entreprise prévoit de convertir deux autres puits de drainage d'eau salée inactifs acquis avec le Cranston, soutenant ainsi les futurs programmes de forage de Texakoma et Lustre, qui prévoient actuellement neuf puits supplémentaires.
Laredo Oil (OTC: LRDC) hat bekannt gegeben, dass sein Cranston Salzabfalldeponie (SWD) jetzt betriebsbereit ist. Das Unternehmen, das über 30.000 Netto-Acres an Mineralrechten im West Fork Erkundungsgebiet nördlich des Fort Peck Reservats in Montana verfügt, hat alle Abfall- und Anlagensanierungen sowie die erforderlichen Genehmigungen und administrativen Aufgaben für den kürzlich von Texakoma Exploration & Production Company erworbenen Brunnen abgeschlossen.
Der betriebliche Status des Cranston-SWD-Brunnens ermöglicht eine sofortige, kosteneffektive Lösung zur Entsorgung von Wasser für fünf gebohrte und fertiggestellte Stilllegungsbrunnen. Darüber hinaus plant das Unternehmen die Umwandlung von zwei weiteren Stillstands-Salzwasser-Entsorgungsbrunnen, die zusammen mit dem Cranston erworben wurden, um die zukünftigen Bohrprogramme von Texakoma und Lustre zu unterstützen, die derzeit neun zusätzliche Brunnen planen.
- Operational status of Cranston SWD well enables immediate production ramp-up
- Cost-effective water disposal solution for five existing shut-in wells
- Additional capacity through two more convertible shut-in disposal wells
- Infrastructure support for planned nine additional wells
- None.
Mark See, Chairman and CEO of Laredo Oil, commented, "The Cranston SWD is now processing saltwater and operational. We have completed disposal and facility upgrades and all permitting and administrative tasks for the well which was recently acquired with Texakoma Exploration & Production Company. Commissioning the well removes a significant roadblock for ramping up field production in the immediate term and allows the five drilled and completed shut-in wells with an immediate, cost-effective water disposal solution. As needed, we will convert the two additional shut-in saltwater disposal wells acquired with the Cranston which will provide Texakoma and
About Laredo Oil Inc.
Laredo Oil, Inc. (www.laredo-oil.com) is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering "stranded" oil using enhanced recovery methods. Laredo Oil's common stock is listed on the Pink Sheets under the symbol, "LRDC."
Forward-Looking Statements
This press release and the statements made by Laredo Oil in this press release may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements describe Laredo Oil's future plans, projections, strategies, and expectations, and may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. These forward-looking statements are based on assumptions and involve a number of risks, uncertainties, situations and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results expressed or implied by these statements. These factors include changes in interest rates, market competition, changes in the local and national economies, and various other factors detailed from time to time in Laredo Oil's SEC reports and filings, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Laredo Oil undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
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SOURCE Laredo Oil, Inc.
FAQ
What is the significance of Laredo Oil's Cranston SWD well becoming operational?
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