Laredo Oil, Inc.（“Laredo Oil”）（OTC 粉单交易代码：LRDC）宣布，Texakoma Exploration and Production, LLC（“Texakoma”）根据与 Lustre Oil Company, LLC 的协议行使了钻探接下来八口井的选择权Laredo Oil（“Lustre”）的全资子公司和 Erehwon Oil & Gas, LLC（“Erehwon”）参与开发蒙大拿州 Valley 县 7,375 净英亩的矿权（“合同区”） ）。这八口井开发完成后，Texakoma 可以继续在合同区内钻探更多井，每口井的工作权益和净收入权益按 50/50 的比例由 Texakoma 与 Lustre 和 Erehwon 分配手。

拉雷多石油公司董事长兼首席执行官马克·西 (Mark See) 表示：“此次期权行使是特克萨科马公司投下的信任票，并证实了我们在瓦利县的矿权潜力。如果额外钻探的八口井，加上最初的两口井已经钻完并按预期执行后，我们将有机会与 Texakoma 一起开发更多油井，符合我们共同的长期资产建设计划。这对拉雷多石油公司来说是一个激动人心的时刻！”

Laredo Oil, Inc. ("Laredo Oil") (OTC Pink Sheets: LRDC), announces that Texakoma Exploration and Production, LLC ("Texakoma") exercised its option to drill the next eight wells under its agreement with Lustre Oil Company, LLC, a wholly-owned subsidiary of Laredo Oil ("Lustre"), and Erehwon Oil & Gas, LLC ("Erehwon") to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana (the "Contract Area"). After these eight wells are developed, Texakoma can continue to drill additional wells within the Contract Area with the working and net revenue interest for each well being on a 50/50 basis between Texakoma, on one hand, and Lustre and Erehwon, on the other hand.

According to Mark See, Chairman and CEO of Laredo Oil, "This option exercise is a vote of confidence from Texakoma and confirms the potential of our mineral rights in Valley County. If the additional eight wells being drilled, together with the two initial wells already drilled and completed, perform as expected, we will have the opportunity to develop many more wells with Texakoma consistent with our mutual long-term asset building plan. This is an exciting time for Laredo Oil!"