Stranded Oil Resources Corp. (SORC) has awarded Frontier-Kemper Constructors Inc. a contract to commence the EOR project under its licensing agreement with Laredo Oil Inc. (OTCBB: LRDC).
Laredo Oil will manage the project on behalf of SORC.
According to the release, the contract with Frontier-Kemper doubled Laredo Oil’s workforce to 12 people who will work in conjunction with the company’s various contractors on the EOR project and on other acquisitions. Construction is expected to commence soon.
Laredo Oil Inc., a management services company, engages in managing the acquisition of mature ...