• Employer survey respondents rank “strong executive leadership” in top-five of key attributes they look for in ideal oil and gas employer
• Company’s executive team intrinsically shapes culture, performance of the broader business
• Laredo executives bring depth, breadth of experience to their various roles

Strong executive leadership is a high priority for employees in the oil and gas industry, according to the latest Rigzone Ideal Employer Survey (https://ibn.fm/aZZhe). That’s good news for Laredo Oil (OTC: LRDC), an oil and gas exploration and production (E&P) company, whose management team boasts an impressive lineup of experienced veteran leaders. 

“There’s a saying that a company is only as good as its employees,” the Rigzone article stated. “And while that’s true to an extent, it takes the right leadership to encourage those employees to succeed. Respondents to Rigzone’s 2019 Ideal Employer Survey ranked ‘strong executive leadership’ fifth out of 23 attributes they look for in their ideal oil and gas employer. In 2018, it was ranked sixth.” 

The article quoted Kevin Davidson, managing director of energy executive search firm Ducatus Partners, who said that “successful leadership runs far deeper than merely the appointment of an experienced chief executive. . . . The correlation between a company’s mission and the day-to-day actions, decisions and communication of the executive team intrinsically shape the culture and performance of the broader business.”

Amy Chronis, the managing partner for Deloitte’s Houston office, noted in the article that executive leadership is critically important in setting the tone and example for a company’s success. “Teams will often take their cues from senior leaders in a range of situations, so leaders have the ability and responsibility to create a sustainable culture of success,” she said. 

Laredo’s top management — CEO and board chair Mark See and CFO, treasurer and director Bradley Sparks — are the epitome of leaders who shoulder the responsibility of a company and create a culture of success. See has been in his current roles with the company since 2009 and has garnered more than 30 years of experience in heavy civil, natural resources and the E&P industries, including being recognized as one of the top 25 engineers in North America by the Engineering News record. A member of the Society of Mining Engineers and the Society of Petroleum Engineers, he founded and led Rock Well Petroleum, a private oil & gas company, prior to joining Laredo; he also served as president of Oil Recovery Enhancement LLC, a private oil company. 

A licensed CPA and graduate of West Point and MIT, Sparks also joined Laredo in 2009. Prior to coming aboard, he served as CEO, president and director at Visualant Inc. and as chief financial officer at WatchGuard Technologies Inc. In addition, he has served in multiple executive leadership positions in telecommunications and internet companies. He also has extensive experience in the private investment and emerging-growth spaces having led two IPOs — Omnipoint Corporation in 1996 and Digex Inc. in 1999. A retired Army veteran, Sparks currently serves on the board of directors of Laredo and Comrise, a private company with operations in China, Southeast Asia and the United States.

See and Sparks are joined by Laredo directors Donald Beckham and Michael Price. Beckham is founder of Beckham Resources Inc., which has operated for more than three decades as a licensed, bonded and insured operator in good standing with the Railroad Commission of Texas. His expertise is in the acquisition, exploitation, exploration and production enhancement of mature oil and gas fields. 

Price has more than 40 years of senior financial and petroleum experience in the global oil and gas industry, including serving as a principal in Octagon Energy Advisors, a Houston-based energy investment advisory firm, for the past two decades. He has also served as managing director at ING Capital, CFO at Forman Petroleum Corporation and managing director at Chase Manhattan Bank.

This expert team of executives are certainly well qualified to lead Laredo and inspire its employees. Based in Texas, Laredo Oil is a publicly traded oil and gas exploration and production company. Specializing in conventional and enhanced oil recovery techniques, the company is engaged in the acquisition and development of both undervalued quality conventional oil and gas properties and select mature oil fields. In addition to pursuing conventional recovery methods in target locations, Laredo Oil intends to utilize its proprietary Underground Gravity Drainage(TM) model, where conditions warrant, to profitably recover stranded oil reserves previously thought to be incapable of economic recovery.

For more information, visit the company’s website at www.Laredo-Oil.com.

NOTE TO INVESTORS: The latest news and updates relating to LRDC are available in the company’s newsroom at https://ibn.fm/LRDC

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