CEO Mark See confirmed that the firm has spent the last twelve months presenting the UGD system to key industry decision-makers. The strategy centers on establishing joint ventures or strategic partnerships that could finally move the technology from testing into full-scale implementation. While the company has yet to sign a definitive agreement, leadership maintains that these discussions are nearing a critical phase for project acquisition.

Laredo Oil developed the UGD method over 17 years of research, specifically targeting reservoirs that have reached the end of their primary production life. By focusing on mature fields, the company hopes to provide a cost-effective alternative to traditional extraction methods. Management stated they would release further details once specific projects meet the firm’s technical and financial benchmarks.