Laredo Oil Preparing Midfork Well for Production
Laredo Oil (OTC Pink: LRDC) announces progress on its Reddig 11-21 well in the Midfork field, Valley County, Montana. The company's subsidiary, Hell Creek Crude, , has decided to perforate the casing within the Charles C zone. This well is the first of three planned production wells in the area.
CEO Mark See reports that two viable zones were encountered during drilling: the Charles C and the Nisku. The well has been cemented and cased to total depth through both zones. The company plans to produce from the Charles C zone first, followed by further assessment of the Nisku zone. See emphasized that these drilling results provide further evidence of the value of their Montana mineral rights.
Laredo Oil (OTC Pink: LRDC) annuncia progressi nel suo pozzo Reddig 11-21 nel campo di Midfork, Contea di Valley, Montana. La sussidiaria dell'azienda, Hell Creek Crude, ha deciso di perforare la ghisa nella zona Charles C. Questo pozzo è il primo di tre pozzi di produzione pianificati nella zona.
Il CEO Mark See riporta che durante la perforazione sono state incontrate due zone valide: la Charles C e la Nisku. Il pozzo è stato cementato e rivestito fino alla profondità totale attraverso entrambe le zone. L'azienda prevede di produrre prima dalla zona Charles C, seguita da un'ulteriore valutazione della zona Nisku. See ha sottolineato che questi risultati di perforazione forniscono ulteriore evidenza del valore dei loro diritti minerari in Montana.
Laredo Oil (OTC Pink: LRDC) anuncia avances en su pozo Reddig 11-21 en el campo de Midfork, Condado de Valley, Montana. La subsidiaria de la compañía, Hell Creek Crude, ha decidido perforar la carcasa dentro de la zona Charles C. Este pozo es el primero de tres pozos de producción planeados en la zona.
El CEO Mark See informa que durante la perforación se encontraron dos zonas viables: la Charles C y la Nisku. El pozo ha sido cimentado y revestido hasta la profundidad total a través de ambas zonas. La compañía planea producir primero de la zona Charles C, seguida de una evaluación adicional de la zona Nisku. See enfatizó que estos resultados de perforación proporcionan más evidencia del valor de sus derechos minerales en Montana.
Laredo Oil (OTC Pink: LRDC)가 몬태나 주 밸리 카운티의 미드포크 필드에 있는 레딕 11-21 우물의 진행 상황을 발표했습니다. 회사의 자회사인 Hell Creek Crude가 찰스 C 존 내에서 케이싱을 천공하기로 결정했습니다. 이 우물은 이 지역에서 계획된 세 개의 생산 우물 중 첫 번째입니다.
CEO 마크 씨는 시추 중에 두 개의 유효한 구역이 발견되었다고 보고했습니다: 찰스 C와 니스쿠. 이 우물은 두 구역을 통해 총 깊이까지 시멘트로 고정되고 케이싱되었습니다. 회사는 먼저 찰스 C 존에서 생산할 계획이며, 이후 니스쿠 존에 대한 추가 평가를 진행할 예정입니다. 씨는 이 시추 결과가 몬태나의 광물권 가치에 대한 추가 증거를 제공한다고 강조했습니다.
Laredo Oil (OTC Pink: LRDC) annonce des progrès concernant son puits Reddig 11-21 dans le champ de Midfork, dans le comté de Valley, Montana. La filiale de l'entreprise, Hell Creek Crude, a décidé de perforer le revêtement dans la zone Charles C. Ce puits est le premier de trois puits de production prévus dans la région.
Le PDG Mark See rapporte que deux zones viables ont été rencontrées lors du forage : la Charles C et la Nisku. Le puits a été cimenté et tubé jusqu'à la profondeur totale à travers les deux zones. L'entreprise prévoit de produire d'abord dans la zone Charles C, suivie d'une évaluation supplémentaire de la zone Nisku. See a souligné que ces résultats de forage fournissent des preuves supplémentaires de la valeur de leurs droits miniers dans le Montana.
Laredo Oil (OTC Pink: LRDC) gibt Fortschritte bei seinem Reddig 11-21 Bohrloch im Midfork-Feld, Valley County, Montana, bekannt. Die Tochtergesellschaft des Unternehmens, Hell Creek Crude, hat beschlossen, die Rohrleitung in der Charles C Zone zu durchbohren. Dieses Bohrloch ist das erste von drei geplanten Produktionsbohrlöchern in der Region.
CEO Mark See berichtet, dass während der Bohrungen zwei viable Zonen getroffen wurden: die Charles C und die Nisku. Das Bohrloch wurde bis zur Gesamttiefe durch beide Zonen zementiert und verrohrt. Das Unternehmen plant, zuerst aus der Charles C Zone zu produzieren, gefolgt von einer weiteren Bewertung der Nisku Zone. See betonte, dass diese Bohrergebnisse weitere Beweise für den Wert ihrer mineralischen Rechte in Montana liefern.
- Successful drilling of the Reddig 11-21 well in the Midfork field
- Discovery of two viable production zones: Charles C and Nisku
- Plans to produce from the Charles C zone, indicating potential revenue generation
- First of three planned production wells, suggesting expansion potential
- Drilling results validate the value of Laredo Oil's Montana mineral rights
- None.
According to Mark See, Chairman and CEO of Laredo Oil, "While drilling the Reddig 11-21 well, we encountered two viable zones, the Charles C and the Nisku, which we project will support economically productive wells. We have since cemented and cased the well to total depth through both zones. Our plan is to update the well permit and produce the Charles C zone first followed by further assessing developing the Nisku zone. I am excited to say that the Reddig 11-21 drilling results provide further evidence of the value of our
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.
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