Laredo Oil Business Summary

Laredo Oil, Inc. (LRDC) is an oil exploration and production (E&P) company that generates revenue through the acquisition, development, and operation of undervalued conventional assets and mature oil fields. The company’s primary business segments are centered on its proprietary Underground Gravity Drainage (UGD) technology, an unconventional Enhanced Oil Recovery (EOR) method designed to extract "stranded oil" from reservoirs deemed underproductive by traditional standards. By utilizing mining-style drilling chambers beneath existing fields, Laredo minimizes surface footprint and operational costs compared to standard EOR techniques. The company’s current project portfolio is heavily concentrated in Montana, including interests in the Cat Creek, Lustre Field, and Midfork Field prospects. Within the micro-cap energy sector, Laredo Oil competes with firms such as Recon Technology, Ltd., Mammoth Energy Services, Inc., and Dawson Geophysical Company, positioning itself as a high-tech specialist in the niche revitalization of legacy domestic assets rather than a broad-scale explorer. The leadership team is led by founder Mark See, who has served as Chairman and CEO since 2009; a mining engineer by training, See previously founded Rock Well Petroleum and was recognized by Engineering News-Record for his innovations in petroleum extraction. He is supported by CFO and Treasurer Bradley Sparks, a West Point graduate and former CFO of MCI Communications with extensive experience in high-growth financial management. The operational arm is headed by COO Travis Leck, who brings over 25 years of petroleum engineering expertise to the company’s drilling and completion activities. The board includes seasoned industry veterans such as Michael Price, a former Managing Director at ING Capital, and independent director Donald Beckham, a petroleum engineer with over three decades of experience in the Railroad Commission of Texas jurisdiction. As of early 2026, CEO Mark See remains a significant stakeholder, maintaining a direct ownership interest of approximately 40% in the company.