7 Jan 2021 asset acquisition disposition ▲ Good Major
Laredo bought SORC back from Alleghany for $55,000 cash plus a 5% royalty on Laredo's future oil and gas revenue for seven years, reversing the 2011 arrangement and giving Laredo exclusive worldwide rights again to its enhanced-oil-recovery technology plus SORC's oilfield equipment. The two old Alleghany loans were rolled into one $631,434 note secured by that equipment, and Alleghany agreed to pay roughly $1.245 million in 2021 for continued consulting from CEO Mark See and General Counsel Chris Lindsey.
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15 Oct 2020 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $1.7 million and a net loss of $195 thousand for the period ended 2020-08-31.
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7 July 2020 material agreement ● Neutral Major
Laredo formed Cat Creek Holdings, a joint venture with Lipson Investments and Viper Oil & Gas (Laredo 50%, each partner 25%), to buy oil and gas properties in Montana's Cat Creek Field from Carrell Oil Company for $400,000 -- Laredo's first direct operating stake since becoming primarily a technology licensor to SORC in 2011.
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1 May 2020 debt financing ▲ Good
Laredo received a $1,233,656 Paycheck Protection Program loan from IBERIABANK under the CARES Act, eligible for forgiveness if used on payroll and other approved costs.
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14 Apr 2020 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.2 million and a net loss of $17 thousand for the period ended 2020-02-29.
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14 Jan 2020 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $2.0 million and net income of $31 thousand for the period ended 2019-11-30.
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15 Oct 2019 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.1 million and a net loss of $85 thousand for the period ended 2019-08-31.
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12 Apr 2019 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $2.4 million and net income of $35 thousand for the period ended 2019-02-28.
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14 Jan 2019 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $2.1 million and net income of $55 thousand for the period ended 2018-11-30.
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15 Oct 2018 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.1 million and a net loss of $27 thousand for the period ended 2018-08-31.
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16 Apr 2018 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $2.7 million and net income of $245 thousand for the period ended 2018-02-28.
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16 Jan 2018 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.2 million and a net loss of $159 thousand for the period ended 2017-11-30.
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16 Oct 2017 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $2.5 million and net income of $110 thousand for the period ended 2017-08-31.
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14 Apr 2017 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.5 million and a net loss of $88 thousand for the period ended 2017-02-28.
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17 Jan 2017 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.4 million and a net loss of $272 thousand for the period ended 2016-11-30.
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17 Oct 2016 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.6 million and a net loss of $120 thousand for the period ended 2016-08-31.
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14 Apr 2016 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $3.0 million and a net loss of $41 thousand for the period ended 2016-02-29.
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14 Jan 2016 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.9 million and a net loss of $73 thousand for the period ended 2015-11-30.
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15 Oct 2015 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.8 million and a net loss of $200 thousand for the period ended 2015-08-31.
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14 Apr 2015 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2.6 million and a net loss of $369 thousand for the period ended 2015-02-28.
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14 Jan 2015 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $1.8 million and net income of $681 for the period ended 2014-11-30.
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2 Dec 2014 material agreement ● Neutral
The two Alleghany loans (combined $350,000) were extended again, this time to the end of 2015, with no other changes -- Laredo still had not repaid this debt more than four years after taking it on.
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15 Oct 2014 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $1.6 million and a net loss of $178 thousand for the period ended 2014-08-31.
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14 Apr 2014 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $974 thousand and a net loss of $122 thousand for the period ended 2014-02-28.
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14 Jan 2014 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $769 thousand and a net loss of $259 thousand for the period ended 2013-11-30.
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15 Oct 2013 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $700 thousand and a net loss of $218 thousand for the period ended 2013-08-31.
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11 Apr 2013 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $529 thousand and a net loss of $185 thousand for the period ended 2013-02-28.
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11 Jan 2013 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $491 thousand and a net loss of $151 thousand for the period ended 2012-11-30.
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15 Oct 2012 quarterly activities report ▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $471 thousand and a net loss of $107 thousand for the period ended 2012-08-31.
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13 Apr 2012 quarterly activities report ● Neutral
Laredo Oil, Inc. reported quarterly revenue of $389 thousand and net income of $74 thousand for the period ended 2012-02-29.
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