Oil & Gas Production & Processing Company

Laredo Oil, Inc.

8%

Funding Goal $7,500,000
Funding Raised So Far $620,000
Funding Commitments $0
Funding Remaining $6,880,000
Funding Type Convertible Debt
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Company Overview

Laredo Oil acquires, develops, and operates oil fields using our proprietary technology. We use our proprietary EOR methods known as Underground Gravity Drainage to target recovery of stranded crude oil from mature, shallow, declining oil fields.

Laredo Oil acquires and develops mineral properties using either conventional or our proprietary enhanced oil recovery ("EOR") methods. We acquire, develop, and operate applicable oil fields where our proprietary technology can unlock valuable oil reserves.

From prior endeavors the Company gained specialized know-how and operational experience in evaluating, acquiring, designing, drilling and producing conventional oil wells. Based upon that know-how, the Company identified and acquired 45,246 gross acres, and 37,932 net acres, of mineral property interests in the State of Montana.

The Company is raising funds to drill three wells using conventional oil recovery methods on the mineral property interests it purchased. The Company plans to have each well have an 80-acre footprint, so that the first three wells would cover approximately 240 acres, or less than one percent of the Company’s leased acreage. The ability of the Company to secure further funding will determine the extent of future production for the acreage, and the pace of field development.

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Business Summary

Company Age 15 years, 6 months
Employees 9
Sub-Industry Oil & Gas Drilling & Exploration
Prior Year Revenue
Current Year Revenue
Next Year Revenue

Products/Services

Conventional Oil Well Drilling

Laredo Oil, Inc. has operated, managed and developed oil fields in four states with over 3,640 wells and 155 employees during its exclusive 10-year partnership with Alleghany Corporation., a NYSE publicly traded entity. The company management includes experienced petroleum engineers with both conventional and UGD experience.

Underground Gravity Drainage (UGD)

Laredo Oil, Inc.. has gained operational experience and possesses the intellectual property for a proprietary EOR method known as Underground Gravity Drainage ("UGD"). In summary, UGD methods collect oil from below the oil-producing zone using gravity to aid oil collection, making oil recovery from depressurized fields otherwise unrecoverable practical and economical.

Beginning in October 2009, the Company focus was on locating mature oil fields with the intention of acquiring those oil fields and recovering stranded oil using UGD. From June 14,2011 through December 31, 2020, we partnered with an Alleghany Corporation subsidiary as a management services provider managing the acquisition and operation of mature oil fields and employing UGD methods to recover stranded oil from them. After the partnership ended in 2020, Laredo Oil retained all the intellectual property associated with UGD. The method is primarily designed to recover oil from shallow fields.

Management

Mark See
President Chairman
Mark S......

Mark S...... has been the Chief Executive Officer and Chairman of the Board of Directors of the company since October 16, 2009. He has over 30 years’ experience in heavy civil, natural resources and the E&P industries. He was the founder and CEO of Rock Well Petroleum, a private oil & gas company until December 2008 and worked from then until October 2009 forming Laredo Oil. Mr. S...... was also President of Oil Recovery Enhancement LLC, a private oil company. He was selected as one of the top 25 Engineers in North America by the Engineering News Record for his innovations in the petroleum industry. He is a graduate of the Mackay School of Mines at the University of Nevada at Reno, with a degree in Mining Engineering. He is a member of the Society of Mining Engineers and the Society of Petroleum Engineers.

Bradley Sparks
Chief Financial Officer
Bradley S......

Bradley S...... currently serves as the Chief Financial Officer and Treasurer of Laredo Oil and has been a director of the company since March 1, 2011. Before joining Laredo Oil in October 2009, he was the Chief Executive Officer, President and a Director of Visualant Inc. Prior to joining Visualant, he was the Chief Financial Officer of WatchGuard Technologies Inc. . Previously, he served as CFO for several telecommunications and internet companies, including eSpire Communications Inc., Digex Inc., Omnipoint Corporation, and WAM!NET. He also served as Vice President and Treasurer of MCI Communications from 1988-1993 and as Vice President and Controller from 1993-1995. He currently serves on the Board of Directors of Comrise. Mr. S...... graduated from the United States Military Academy at West Point in 1969 and is a former Army Captain in the Signal Corps. He received a MS in Management degree from the Sloan School of Management at the M.I.T. in 1975 and is a licensed CPA in Florida.

Donald Beckham
Director
Donald B......

Donald B...... has served as a director of the company since March 1, 2011. Since July 2015, he has been a partner with Copestone Energy Partners LLC. In 1993, he founded B...... Resources Inc. (“BRI”), which, for over 30 years, has been a licensed, bonded and insured operator in good standing with the Railroad Commission of Texas. Through BRI, Mr. B...... has drilled and operated fields for his own account. His expertise is in the acquisition, exploitation, exploration and production enhancement of mature oil and gas fields through which he has been able to enhance production by compressor optimization, pump design, work-over programs, stimulation techniques and identifying new pay zones. Prior to BRI, Mr. B...... was the chief operations manager for Houston Oil Fields Corporation (“HOFCO”), where he began his career. There, he was responsible for drilling, production and field operations. Mr. B...... is a petroleum engineer and 1984 graduate of Mississippi State University.

Michael Price
Director
Michael P......

Michael P......, an independent director of Laredo Oil, has over 40 years of senior financial and petroleum experience in the global oil and gas industry. He has been a principal in Octagon Energy Advisors, a Houston-based energy investment advisory firm, from 2002 to the present. The firm advises financial institutions and institutional investors participating in energy investments. From 2008 through his retirement in 2021, he was a Managing Director at ING Capital, which provides debt financing to domestic exploration and production companies. From 1998 through 2002, Mr. P...... was the CFO of Forman Petroleum Corporation. Before that, Mr. P...... was Managing Director at Chase Manhattan Bank for 15 years and was in charge of technical support for worldwide energy merchant banking activities.He holds a BS and MS from Illinois Institute of Technology, an MBA from the University of Chicago, a M.Sc. from the London School of Economics, and a MS in Petroleum Engineering from Tulane University.

Travis Leck
Vice President Operations
Travis L......

Travis L...... currently serves as the Vice President of Operations for the Company. He has more than 20 years of experience as a petroleum engineer and manager of oil and gas assets, he is responsible for drilling, completions, and production operations at the Company. Before joining the Company, he was operations manager at Saga Petroleum in Denver, CO for 8 years. At Saga, Mr. L...... managed field operations in Montana, Wyoming, Colorado, and West Texas with responsibilities for daily oil and gas production operations as well as 7 company-owned well service rigs and multiple roustabout crews. Prior assignments included production and operations engineering positions at Western Gas Resources and Merit Energy Company. Mr. L...... started his oil and gas career as a production engineer at Marathon Oil Company in Cody Wyoming focusing on mature fields and secondary recovery. He is a graduate of Montana Tech with a degree in Petroleum Engineering.

Amol Bhavsar
Director Engineering
Amol B......

Amol B...... serves as the Director of Reservoir Engineering for the Company, managing economic evaluations, SEC reserves estimation, operation and production data gathering and database design, water flood and UGD evaluation, and A&D ventures evaluations. He has more than 15 years of experience as a Petroleum Engineer in both conventional and un-conventional plays, including CONSOL Energy’s Business Planning and Budgeting group, overseeing Reservoir simulation Reserves and Economic analysis for company’s CBM and Shale assets; and Kinder Morgan CO2 Co. on the SACROC CO2 flood operations in Permian Basin, handing and supervising production optimization, ESP designs, workovers, stimulation, and CO2 flood optimization; and Enhance Oil Recovery Institute (EORI) in Casper, WY, where he managed the Unconventional Resources division. Mr. B...... holds a BE in Petro-Chemical Engineering from M.I.T, India and MS in Petroleum and Natural Gas Engineering from West Virginia University.

Investors/Lenders

Individual Investor
Mark See

Chairman, Director & CEO

Amount
Investment Type
Investment Round
Investment Date
Individual Investor
Bradley Sparks

Director, Chief Financial Officer, Treasurer & Secretary

Amount
Investment Type
Investment Round
Investment Date

8%

Funding Goal $7,500,000
Funding Raised So Far $620,000
Funding Commitments $0
Funding Remaining $6,880,000
Funding Type Convertible Debt
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents

Contact

Laredo Oil, Inc.

Austin, TX 78705, US

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