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Laredo Oil, Inc. is engaged as a management services company managing both the acquisition of mature oil fields and the recovery of stranded oil from those fields using Enhanced Oil Recovery (“EOR”) methods pursuant to its agreements with Stranded Oil Resources Corporation (“SORC”). In accordance with its agreements with SORC, Laredo Oil plans to acquire targeted oil fields and use its unique UGD™ model to profitably recover stranded oil reserves previously thought to be incapable of economic recovery.