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Laredo Oil Signs First Non-Binding Letter of Intent (LOI) for Commercial Deployment of UGD in Argentina

Source: PR Newswire

Energy Markets & PricesTechnology & InnovationEmerging Markets

Laredo Oil signed a non-binding letter of intent with an established Argentine oil operator for the potential commercial deployment of its proprietary technology. The announcement signals a possible expansion opportunity in Argentina, but no financial terms, deployment scale, definitive agreement, or expected revenue contribution were disclosed. The non-binding nature of the LOI makes the near-term financial impact uncertain.

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