Company:  LAREDO OIL, INC. (LRDC)
Form Type:  10-K
Filing Date:  8/31/2020 
CIK:  0001442492 
Address:  2021 GUADALUPE STREET,
STE. 260
 
City, State, Zip:  AUSTIN, Texas 78705 
Telephone:  (512) 337-1199 
Fiscal Year:  05/31 
Last Trade
Last Trade: 
$0.09  
Change: 
0.005 (6.25%)  
Trade Time: 
03:27 PM EST  
Market Cap: 
$4.63M
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Description of Business
Laredo Oil, Inc. ("the Company") is an oil exploration and production ("E&P") company primarily engaged in acquisition and exploration efforts for mineral properties. From June 14, 2011 to December 31, 2020, the Company was a management services company managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery ("EOR") methods for its sole customer, Stranded Oil Resources Corporation ("SORC"), a wholly owned subsidiary of Alleghany Corporation ("Alleghany"). From its inception through October 2009, the Company was primarily engaged in acquisition and exploration efforts for mineral properties. After a change in control in October 2009, the Company shifted its focus to locating mature oil fields with the intention of acquiring those oil fields and recovering stranded oil using EOR methods.
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  FORM 10-K
    PART I
      Item 1. Business
      Item 2. Properties
      Item 3. Legal Proceedings
    PART II
      Item 5. Market for Registrant's Common Equity, Related ...
      Item 7. Management's Discussion and Analysis of Financial ...
        Liquidity and Capital Resources
        Results of Operations
      Item 8. Financial Statements and Supplementary Data
      Item 9. Changes in and Disagreements with Accountants on ...
      Item 9A Controls and Procedures
      Item 9B Other Information
    PART III
      Item 10. Directors, Executive Officers and Corporate Governance
        NAME AND TITLE
      Item 11. Executive Compensation
        COMPENSATION TABLE
      Item 12. Security Ownership of Certain Beneficial Owners and ...
        BENEFICIAL OWNERS
      Item 13. Certain Relationships and Related Transactions, and ...
      Item 14. Principal Accounting Fees and Services
    PART IV
      Item 15. Exhibits, Financial Statement Schedules
    SIGNATURES
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    BALANCE SHEET
    INCOME STATEMENT
    STOCKHOLDERS EQUITY
    CASH FLOW
    NOTE 11 - SUBSEQUENT EVENTS
  EXHIBIT 10.22
  EXHIBIT 10.23
  EXHIBIT 31.1
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO ...
  EXHIBIT 31.2
    CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO ...
  EXHIBIT 32.1
    CERTIFICATION PURSUANT TO
  EXHIBIT 32.2
    CERTIFICATION PURSUANT TO