## Texakoma Doubles Down: Exercising Option for 8 Additional Wells in Montana Development Deal

Laredo Oil (OTC Pink Sheets: LRDC) just got significant validation from its partner Texakoma, which has exercised its option to drill eight more wells under their development agreement covering 7,375 net acres of mineral rights in Valley County, Montana.

Here's what makes this move notable: the agreement structure shows real confidence in the asset's potential. Texakoma is moving forward with these eight additional wells alongside the two initial wells already drilled and completed. Once this current phase wraps up, the partners can continue developing further wells in the Contract Area under a 50/50 working and net revenue interest split between Texakoma on one side, and Lustre Oil Company (Laredo's subsidiary) plus Erehwon Oil & Gas on the other.

According to Laredo Oil's Chairman and CEO Mark See, "This option exercise is a vote of confidence from Texakoma and confirms the potential of our mineral rights in Valley County." If the upcoming eight wells perform as anticipated alongside the existing completions, the partnership could unlock opportunities for significantly more development aligned with their long-term asset building strategy.

The company frames this as part of a deliberate play in the Montana acreage—acquiring and developing mature oil fields while pursuing both conventional recovery and enhanced recovery methods for stranded oil reserves. The decision to exercise drilling options typically signals that early-stage results are meeting expectations, providing a catalyst for accelerated development in the region.

For Laredo Oil investors, this represents tangible progress on the operational front, with a clear path to additional well development contingent on performance metrics being met in the near term.