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MARKETS / BALCAO / LRDC
BALCAO · CRUDE PETROLEUM & NATURAL GAS · SMALL CAP

Laredo Oil, Inc. LRDC

15 fiscal years on record · USD · FY2024 reported · SEC filings only
$9,423
▼ 74.2% YoY
$-3.2M
In brief

What this company does

We are an oil exploration and production company, primarily engaged in acquisition and exploration efforts to find mineral reserves on various properties. Beginning in October 2009, we shifted our focus to locating mature oil fields with the intention of acquiring those oil fields and recovering “stranded” oil reserves using proprietary enhanced recovery methods known as underground gravity drainage, or UGD. The original UGD method uses conventional mining processes to establish a drilling chamber underneath an existing oil field from which closely spaced wellbores are drilled directionally up into the reservoir, using residual radial pressure and gravity to then drain the targeted reservoir through the wellbores. Our primary business and focus is now to pursue and recover stranded oil from selected mature fields as necessary funds become available. We intend to implement the UGD method in oil fields with a minimum of 25 million barrels of estimated recoverable oil. Currently, SORC is a wholly owned subsidiary of Laredo and is not conducting any ongoing operations. We also have a 50% interest in the Cat Creek oil field, located west of our mineral rights described above, which is recorded with no value on our financial statements.

Written from the business description in Laredo Oil, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 September 2025. Every sentence was checked against that document before publication.

Growth
USD 9,423.00
Revenue, FY2024 · full 15-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.0 · Net income -3.2
4M8M-2M-4M20102012201420162018202020222024
Compound annual growth
−75.8%
−74.1%
−49.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −74.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−33767 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -35258.7% · Net -33767.1%
-10000%-20000%-30000%20102012201420162018202020222024
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Gross margin100.0%
Operating margin-35258.7%
Net margin-33767.1%
Return on assets-149.6%
EBITDAUSD -3.3M

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -1.6
-0.8M-1.6M20102012201420162018202020222024

Total assetsUSD 1.4M
EquityUSD -12.6M
CashUSD 83,294.00
Gross debtUSD 887,430.00
Net debtUSD 804,136.00
Current ratio0.02×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0·
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0·········
Income tax $B····0.00.00.00.00.00.00.00.00.00.0·
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B··−0.0−0.0···········
EPS, diluted $····−0.010.000.000.00−0.02−0.01−0.01−0.02−0.01−0.08−0.02
Dividend / sh $···············
Payout %···············
ROE %···············
Shares out B0.070.070.070.050.050.050.050.050.050.050.050.050.050.050.05

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 63 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onOTC market
Incorporated inDelaware
Fiscal year endsMay 31
SEC categorysmaller reporting company
Data on record since2010

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