secwatch.observer — SEC 8-K summary
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Issuer:     Laredo Oil, Inc. (LRDC)
CIK:        0001442492
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001199835-21-000703
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laredo Oil receives reserve report estimating $41M PV-10 for Lustre Oil Field
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- Independent report estimates $41M cumulative cash flow (discounted at 10%) for certain Montana properties, effective Nov 1, 2021.
- Coverage includes 23,739 acres where wholly-owned subsidiary Lustre Oil Company has acquired mineral rights in NE Montana.
- CEO Mark See says first 10 wells identified for completion and field has much more expansion potential.
- Report prepared using constant prices and costs, conforming to SEC Regulation S-K Item 1202(a)(8).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442492/000119983521000703/0001199835-21-000703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442492/000119983521000703/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-21-000703

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