OverviewSuggest Edit

Laredo Oil, Inc. is a management services company. The Company is engaged in 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. The Company focuses on EOR applications in depleted and mature oil fields. Laredo Oil's tool is to apply its Underground Gravity Drainage (UGD) process. The Company's UGD enables a solution, Hyper Down-Spacing, which facilitates manageable production. It is a combination of managed well spacing and gravity drainage through underground access, and uses underground machinery to drill upwards from beneath the target oil field. It also uses gravity to drain remaining mobile oil. Laredo Oil is engaged in testing various EOR, such as nitrogen and carbon dioxide injection.
TypePublic
Founded2008
HQGolden, US
Websitelaredo-oil.com

Locations

Laredo Oil is headquartered in
Golden, United States

Location Map

Latest Updates

Employees (est.) (May 2019)61(-3%)
Revenue (FY, 2019)$8.5 M
Share Price (Aug 2020)$0
Cybersecurity ratingAMore

Key People/Management at Laredo Oil

Mark See

Mark See

CEO, Secretary, Director
Don Beckham

Don Beckham

Independent Director
Bradley Sparks

Bradley Sparks

CFO, Treasurer, Director
Michael Price

Michael Price

Independent Director
Show more

Laredo Oil Office Locations

Laredo Oil has an office in Golden
Golden, US (HQ)
110 N Rubey Dr #120
Show all (1)

Laredo Oil Financials and Metrics

Laredo Oil Revenue

Laredo Oil's revenue was reported to be $8.48 m in FY, 2019
USD

Revenue (Q3, 2020)

2.2m

Gross profit (Q3, 2020)

74.1k

Gross profit margin (Q3, 2020), %

3.4%

Net income (Q3, 2020)

(16.6k)

EBIT (Q3, 2020)

(7.8k)

Market capitalization (10-Aug-2020)

1.1m

Closing stock price (10-Aug-2020)

0.0

Cash (29-Feb-2020)

357.2k

EV

1.1m
Laredo Oil's current market capitalization is $1.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

8.5m

Cost of goods sold

8.3m

Gross profit

196.0k

Gross profit Margin, %

2%
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.1m2.0m2.2m

Cost of goods sold

2.1m2.0m2.1m

Gross profit

15.9k85.6k74.1k

Gross profit Margin, %

1%4%3%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(4.3m)(687.7k)(1.3m)(706.3k)(660.1k)(964.5k)98.7k(146.1k)

Accounts Payable

(175.0k)190.8k286.7k560.0k242.7k499.0k(449.4k)222.8k

Cash From Operating Activities

71.0k(6.9k)(19.4k)(24.6k)308.1k(63.3k)(224.4k)183.2k

Cash From Investing Activities

USDQ1, 2012

Financial Leverage

-0.2 x
Show all financial metrics

Laredo Oil Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Laredo Oil Online and Social Media Presence

Embed Graph

Laredo Oil Frequently Asked Questions

  • When was Laredo Oil founded?

    Laredo Oil was founded in 2008.

  • Who are Laredo Oil key executives?

    Laredo Oil's key executives are Mark See, Don Beckham and Bradley Sparks.

  • How many employees does Laredo Oil have?

    Laredo Oil has 61 employees.

  • What is Laredo Oil revenue?

    Latest Laredo Oil annual revenue is $8.5 m.

  • What is Laredo Oil revenue per employee?

    Latest Laredo Oil revenue per employee is $139 k.

  • Who are Laredo Oil competitors?

    Competitors of Laredo Oil include Schlumberger, Specialist Services and ERIELL.

  • Where is Laredo Oil headquarters?

    Laredo Oil headquarters is located at 110 N Rubey Dr #120, Golden.

  • Where are Laredo Oil offices?

    Laredo Oil has an office in Golden.

  • How many offices does Laredo Oil have?

    Laredo Oil has 1 office.