{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-23-000390","form_type":"8-K","ticker":"LRDC","cik":"0001442492","company_name":"Laredo Oil, Inc.","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.934859+00:00","generated_at":"2026-06-13T04:10:47.249536+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Laredo Oil subsidiary enters $350K exploration deal with Texakoma for Montana oil prospect; retains 30,556 net acres","bullets":["Texakoma pays $350,000 for 85% WI; LOC (Lustre/Erehwon) retains 15% carried interest through tanks in first two test wells.","Texakoma funds 100% of two test wells; first spud by Oct 1, 2023 subject to rig availability.","Option for Texakoma to drill 8 more wells with LOC carried 15%; additional $706,602.75 for 85% of 8 drill sites and 50% of remaining acreage.","After 10 wells, interests become 50/50; Laredo retains 100% control of 30,556 net mineral acres outside the deal.","Agreement supersedes prior LOI dated June 6, 2023; operating agreement attached as Exhibit C."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-23-000390","json":"https://secwatch.observer/filing/0001199835-23-000390.json","markdown":"https://secwatch.observer/filing/0001199835-23-000390.md","text":"https://secwatch.observer/filing/0001199835-23-000390.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000390/0001199835-23-000390-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000390/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:10:47.249536+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"00b8be021f48e70a0ff6df32cb3cec70470fcc2b","claim":"Laredo Oil, Inc. entered into Development Agreement with Texakoma Exploration & Production Company valued at $175,000 (effective 2023-07-18).","evidence_excerpt":"Lustre Oil Company, LLC, a wholly owned subsidiary of Laredo Oil, Inc. (“Lustre”), and Erehwon Oil & Gas, LLC (“Erehwon”) have entered into an Exploration and Development Agreement, dated July 18, 2023 (the “Development Agreement”), with Texakoma Exploration & Production Company (“Texakoma”), for the exploration and development of the “Lustre Field Prospect,” as described in the Development Agreement (excluding schedules).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1442492/000119983523000390/0001199835-23-000390-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"collaboration"},{"label":"Counterparty","value":"Texakoma Exploration & Production Company"},{"label":"Value","value":"$175,000"},{"label":"Effective","value":"2023-07-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}