STIX Market Research

Russia, Kazan: Ostrovsky str. 84, 420107

Phone No.: +7 (843) 537-23-93, Fax No.: +7 (843) 537-23-94

info@mirrico.com

Russia, Profsoyuznaya str. 57, office 827, 119420

Phone No.: +7 (495) 783-87-27, Fax No.: +7 (495) 783-87-28

info@mirrico.com

MIRRICO LLC

Laboratory of enhanced oil recovery and oil well stimulation

The main function of this laboratory is solution of problems in the sphere of enhanced oil recovery and oil well stimulation. These branches are becoming the most important in the oil and gas industry due to growth of number of oilfields being at the late stage of development.

Specificity of this branch is that it also solves an array of tasks related to elimination of general problems during operation of wells and oilfields (different deposits, high water-cut of well production, destruction of cement, etc.). Besides, the treatment increases oil withdrawal and/or producible oil index.

EOR laboratory performs development of new chemical products and methods of enhancement of oil recovery and oil well stimulation. Main branches of development of chemical products:

compositions for acid treatment of production and injection wells for oil production stimulation, cleaning of bottom-hole zone, enhancement of well injection capacity;

well kill fluids applied during well overhaul operations for prevention overflowing of well fluid to the well mouth and absorption by the reservoir;

fluids for hydraulic fracturing, testing of raw materials and gel-forming compositions;

chemicals for selective well insulation.

All applied chemicals have high quality and a wide range of characteristics; this makes them suitable for different geological conditions of oilfields.

www.mirrico.ru/en

Blackdog Resources Ltd. (”Blackdog” or the “Company”)  is pleased to provide an update on its Q1, 2011 operations.

Selected highlights of the Company’s results are as follows:

Revenue increased to $1,166,407 (2010-$400,337). This represented a year over year Q1 increase of 191%.

Barrels of oil (”bbls”) per day increased to 152 bbls (2010-60 bbls). This represented a year over year Q1 increase of 153%.

Operating Netbacks increased to $362,079 (2010-$157,046). This represented a year over year Q1 increase of 131%.

Funds flow from operations increased to $246,344 (2010-$45,539). This represented a year over year Q1 increase of 441%.

General and Administrative costs decreased to $100,788 (2010-$108,588). This represented a year over year Q1 decrease of 7%.

Participated in drilling with 15% working interest (”W.I.”) in the Company’s first non-operated horizontal Cardium oil well (the “Cardium Well”) in Pembina, Alberta.

Cardium Well flowed approximately 1,000 bbls (net 150 bbls) during test period and commenced commercial production on March 18, 2011.

Installed power for Enhanced Oil Recovery/Salt Water Disposal (”EOR/SWD”) well at Woking, Alberta on March 8, 2011 (Company estimates future monthly saving on rental generator, diesel fuel and labour at $15,000 per month).

David A Corcoran, President of Blackdog commented, “Blackdog is very pleased with the continued growth of our business in Q1, 2011. The weather in Northern Alberta was exceptionally challenging and cold for extended periods throughout the entire quarter which caused multiple freeze up of wells and higher than expected operating costs. However, the Company managed to diligently work through these issues and maintain our focus on increasing production and netbacks and as a result even in these tough conditions we are very pleased with our quarter end results. Not included in any of our financial results is the rebate from the Ministry of Energy in Alberta that the Company expects to receive as a result of the drilling credit rebate it applied for subsequent to the end of the first quarter. The Company applied for a royalty rebate net to the company of approximately $265,000 during Q2, 2011. This is for royalties paid during the period of April 1, 2010 – March 31, 2011.

Blackdog is further delighted with the excellent results of the Cardium Well. The Cardium Well was completed with a water based fracture stimulation which cut the costs by over $300,000 (net $45,000) from our original budget and as there was no load oil to recover, the well began producing virgin oil almost immediately. The operator of the Cardium Well has stated that it intends to apply to increase the drilling density to 8 wells per section from the current 4 wells per section on this section of land and also to instigate a water drive to increase the long term reserves of the well. Although the Cardium Well had an immaterial effect on the Company in Q1, 2011 due to commencing production so late in the quarter, the Company believes it will provide significant additional production and cash flow for the Company for years to come.”

Blackdog Resources Ltd. is a junior oil and gas Company focused on the development of light and medium oil with producing assets in South East Saskatchewan and Alberta. The Company has 24,574,318 common shares outstanding.

Certain information regarding Blackdog in this news release, including management’s assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, production, marketing and transportation, loss of markets, volatility of commodity prices, imprecision of reserve estimates, environmental risks, competition from other producers, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Blackdog’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements or information contained in this news release are made as of the date hereof and Blackdog does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

SinoTech Energy Limited, a fast-growing provider of enhanced oil recovery (”EOR”) services in China, today announced that its Board of Directors has authorized a share repurchase program, effective immediately.

Under the program, SinoTech is authorized to repurchase up to US$20 million worth of its American Depositary Shares (”ADSs”), each representing two ordinary shares of the Company, by December 31, 2011. The repurchase of the ADSs shall be effected in the open market or in negotiated transactions, from time to time, depending on market conditions and other factors as well as subject to relevant rules under United States securities regulations. The share repurchase program will be funded by the Company’s available working capital. As of March 31, 2011, the Company had cash and cash equivalents of approximately US$81 million.

Mr. Guoqiang Xin, CEO of SinoTech, commented, “We have very clear visibility on our business in the coming quarters and are confident in SinoTech’s long-term growth prospects. Given the current capital market conditions, we believe that the share repurchase program is a prudent investment and will ultimately benefit our shareholders. For the rest of fiscal year 2011, which ends on September 30, 2011 for SinoTech, we expect to see continued strong growth supported by capacity expansion. We are on track to add eight LHD units in the next six months, bringing the total number of LHD units in operation to 16 by the end of September and 20 by the end of December 2011. Utility for these additional units will be fully supported by customer demand. As a result, we are confident total sales in fiscal year 2011 will increase by more than 120% compared to fiscal year 2010.”

About SinoTech Energy Limited

SinoTech Energy Limited is a fast-growing provider of enhanced oil recovery (”EOR”) services in China. SinoTech provides innovative EOR services to major oil companies in China using leading edge technologies, including certain patented lateral hydraulic drilling (”LHD”) technologies, which the company has an exclusive right to use in China, and a molecular deposition film technology, for which the company holds a PRC patent. SinoTech also provides technical services to coalbed methane customers using the LHD technology.

For more information, please visit http://ir.sinotechenergy.com.

Energy Technology Ventures—a GE-NRG Energy-ConocoPhillips venture—has invested in Houston-based Glori Energy, whose technology helps extract trapped oil from mature oil fields, significantly boosting well production.

“Glori Energy’s technology revives oil fields with depleting production volumes, reclaiming oil at a fraction of the cost of drilling new wells,” said Kevin Skillern, GE Energy Financial Services’ Managing Director of Venture Capital and representative of Energy Technology Ventures. “Energy Technology Ventures brings deep oil industry expertise and reach to help accelerate the commercialization of Glori Energy’s technology and achieve the scale required to significantly benefit consumers and the economy.”

Conventional oilfield technology typically extracts only one-third of all discovered oil, leaving significant crude underground. Glori Energy’s technology, the AERO™ (Activated Environment for Recovery of Oil) System, may extract an additional 30-45 percent beyond that obtained from traditional processes. The most common method to enhance oil retrieval following primary recovery is termed waterflooding, which entails injecting water into wells to maintain or increase reservoir pressure. This process is limited in effect because oil is more viscous than water and is bypassed as water flows through the rock matrix. Glori Energy’s methodology introduces a customized mix of safe nutrients into waterflooded oil fields to stimulate the growth of indigenous microbes which temporarily modify the fluid pathways to redirect water and improve oil mobility.

“Glori Energy customizes its treatments to optimize the microbiology of each oil field. This is the key to our ability to extract substantial crude oil from wells at low cost,” said Stuart Page, CEO of Glori Energy. “With oil remaining part of the energy mix for the foreseeable future, our technology increases production from mature fields without having to drill a single new well.”

Oil is among the strategic interests of Energy Technology Ventures, which helps companies develop and commercialize their next-generation energy technologies. GE Energy Financial Services’ activities include $3.5 billion equity in oil and gas assets since 1991. This complements GE Oil & Gas’ global leadership in advanced technology equipment and services. ConocoPhillips, meanwhile, is the fourth-largest refiner in the world and the seventh-largest reserves holder of nongovernment-controlled companies and is known worldwide for its technological expertise in reservoir management and exploration. Among other advanced technology initiatives, NRG Energy is exploring the use of captured carbon dioxide emissions from coal plants for use in enhanced oil recovery.

Additional financial details on Energy Technology Ventures’ investment in Glori Energy were not disclosed.

About Energy Technology Ventures

Energy Technology Ventures is a joint venture involving GE, NRG Energy, and ConocoPhillips focused on the development of next-generation energy technologies. Bringing together three market-leading companies with a wide range of deep technical and financial expertise, relationships, services and products, the joint venture invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. For more information, visit www.energytechnologyventures.com.

About Glori Energy

Glori Energy’s mission is to cleanly and safely recover billions of barrels of oil that are trapped in existing well reservoirs without having to drill a single new well. Glori partners with oil producers to install the AEROTM (Activated Environment for Recovery of Oil) System to significantly increase oil production. The AERO™ System provides a new, viable low-cost option to cleanly and safely recover previously trapped oil and bring it to market. For more information visit: www.glorienergy.com.

Quadrise Fuels International Plc (”QFI” or the “Company”)

Update on Progress of Canadian Investments

Quadrise Fuels International Plc holds 20.44% of Quadrise Canada Corporation (”QCC”) and 9.6% of Optimal Resources Inc (”Optimal”) and is the largest single shareholder in both of these independently managed unlisted Canadian companies.

Optimal is an oil production company licensed to apply the QCC Enhanced Oil Recovery (”EOR”) technology exclusively and to competitive advantage. Optimal’s key objective is to participate in ownership of incremental produced oil and to secure an equity share in associated extended recoverable proven oil reserves. QCC is contracted to supply specialist services to Optimal, including the manufacture and supply of the EOR ’solvent’.

A field trial programme is well advanced in association with Optimal in the Lloydminster heavy oil area of Alberta. QCC issued a letter to shareholders ahead of its Annual General Meeting held in June 2011 which reported in some detail on progress in this application of the QCC EOR technology. This is a very important programme for QCC and Optimal as QFI has previously reported.

A recent study conducted by CIBC World Markets Inc. estimated that only 20% of Western Canada’s conventional crude oil has been recovered by primary production techniques, leaving as much as 77 billion barrels in the ground. Laboratory (Dusseldorf: LAB.DU - news) trials in simulated reservoirs indicate that the QCC EOR technology should promote the economic recovery of a further 20% plus of the original estimated ‘oil in place’ from a large number of established fields which are either in decline or considered to be technically ‘depleted’.

The QCC programme has been considered sufficiently important by the Natural Sciences and Engineering Research Council to qualify for a C$363,000 grant over 3 years which complements the support of experts at the University of Alberta. The university considers this to be a “high-stakes quest to unlock billions of barrels of oil that cannot be economically recovered using existing extracting technologies”.

The QCC letter advised shareholders that “the results so far have been very encouraging”. The implementation moved from laboratory to the field with the first pilot injection test in November (Berlin: NBXB.BE - news) 2010. Various subsequent injection tests have progressed throughout the first quarter of 2011.

The initial injection tests were conducted to assess how the reservoir behaves under various injection conditions and the information gained is being used to design an effective crude oil recovery strategy.

QCC has been producing the EOR solvent in the field since November to support the injection trials, using a small scale on-site manufacturing unit. In preparation for the next phase of EOR development involving a full scale commercial pilot programme, QCC is presently converting a large scale emulsion fuel manufacturing unit into an EOR solvent manufacturing plant to support full scale solvent production. This is anticipated to begin late in 2011 once the injection strategy is confirmed and positive results are obtained verifying the performance of the EOR technology in recovery of incremental oil in the field operations.

Associated QCC technology development includes conducting reservoir modelling, tracer development and laboratory core flood experimentation and methodology. QCC is ramping up resources and rapidly building a core group of technologists that will support the Optimal growth programme through 2011 and beyond.

The EOR technology development programme will also add to the existing body of patented intellectual property owned by QCC and is expected to offer several related technology licensing opportunities. This is in line with the current QCC business model of leveraging the R∓D programme, knowledge base and IP to deliver shareholder value.

Aside from these developments in Canada, the QFI directly managed programme continues to progress broadly as planned and will be the subject of an update report to be released shortly.

Commenting on these reported developments, Ian Williams, Executive Chairman of QFI said, “The progress made in the EOR field trials is very encouraging. As a large shareholder in both companies, QFI stands to gain substantially from the successful commercial application of the EOR technology, and associated growth in incremental oil production which will accrue when Optimal progressively expands its resource base.”

Laredo Oil, Inc. announced today that it entered into several agreements with Stranded Oil Resources Corporation (”SORC”), an indirect, wholly owned subsidiary of Alleghany Corporation (”Alleghany”), to seek recovery of stranded crude oil from mature, declining oil fields by using the Enhanced Oil Recovery (”EOR”) method known as Underground Gravity Drainage (”UGD”).  

The agreements stipulate that Laredo Oil and Mark See, Laredo Chairman and CEO, will provide management and expertise through exclusive, perpetual license agreements and a management services agreement (the “MSA”) with SORC.  As consideration for the licenses to SORC, Laredo Oil will receive an interest in SORC net profits as defined in the agreement (the “Royalty”) which will range from 17.25% to 19.99%.  Laredo agreed that a portion of the Royalty equal to at least 2.25% of the net profits shall be used to fund a long term incentive plan for the benefit of Laredo employees, as determined by Laredo Oil’s Board of Directors. Additionally, in the event of a SORC IPO or other defined corporate event, Laredo will receive a minimum of 17.25%, but not more than 19.99%, of the SORC common equity or proceeds emanating from the event in exchange for termination of the Royalty.   Under certain circumstances regarding termination of exclusivity and license terminations, the Royalty could be reduced to 7.25%.

It is expected that SORC will be funded solely by Alleghany Capital Corporation, a wholly-owned subsidiary of Alleghany (”Alleghany Capital”), in exchange for issuance by SORC of 12% Cumulative Preferred Stock and common stock.  Prior to Laredo Oil receiving any cash distributions from SORC, all accrued dividends must be paid and preferred shares redeemed.  The initial funding commitment, subject to various conditions including certain milestones, is $16 million which can be increased by the SORC Board of Directors.

Mr. Mark See will act as the CEO of SORC pursuant to the MSA; he and other members of management will spend substantially all of their time and effort in fulfilling the terms of the MSA whereby they use their best efforts to evaluate, acquire, develop and recover crude oil from fields conducive to the UGD oil recovery method.  Alleghany Capital will provide SORC all capital necessary to support field acquisition, testing, UGD field development and production.  The terms of the MSA stipulate that Laredo will provide the services of key employees, including Mark See, in exchange for monthly and quarterly service fees.

“This transaction with Alleghany is the next milestone in our overall strategy and is indicative of the potential of our Underground Gravity Drainage™ business model.  It will provide us with the funding necessary to immediately acquire and fully develop targeted oil reservoirs using the UGD recovery method,” says Mark See, Chairman and CEO of Laredo Oil.  

ABOUT LAREDO OIL, INC.

Laredo Oil, Inc. (www.laredo-oil.com) is an exploration and production company specializing in Enhanced Oil Recovery techniques targeting mature and declining oil fields.  Laredo Oil plans to use its unique UGD™ model to profitably recover stranded oil reserves previously thought to be incapable of economic recovery.  Our common stock is listed on the OTC Bulletin Board under the symbol, “LRDC”.

This press release and the statements made by Laredo Oil, Inc. in this press release may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements describe the Company’s future plans, projections, strategies and expectations, and may be identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or words of similar meaning.  These forward-looking statements are based on assumptions and involve a number of risks, uncertainties, situations and other factors that may cause our or our industry’s actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these statements.  These factors include changes in interest rates, market competition, changes in the local and national economies, and various other factors detailed from time to time in Laredo Oil, Inc. SEC reports and filings, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

Enhanced Oil Resources Inc. (TSXV: EOR) is pleased to provide the following update regarding the Company’s activity for the first six months of 2011.

The Company had previously announced, on January 19, 2011, that its principal focus for 2011 is the accelerated development of the Company’s oil reserves at the Milnesand, Chaveroo and Crossroads oil fields. Specifically, during 2011 the Company intends to focus on:

1. Commencing the Milnesand oil field 20-acre infill drilling program in New Mexico.

2. Continuing a long-term program of well reactivations and workovers at both Milnesand and Chaveroo oil fields.

3. Continuing to exploit behind pipe zones in existing wells in Crossroads oil field.

4. Completion of pipeline right of way for the Company’s proposed 41 mile pipeline from Kinder Morgan CO2 Company LP’s Cortez Pipeline to the Company’s Milnesand and Chaveroo oil fields.

5. Preparation for the potential delivery of CO2 to Milnesand oil field.

6. Continued evaluation of a helium project in our St Johns field.

7. Continued evaluation of a geothermal project in our St Johns field.

8. Market and industry exposure of Enhanced Oil Resources.

Oil Field Operations

During the first six months of 2011, we have been engaged in a very active fieldwork program in New Mexico, addressing some production decreases in our Crossroads field and addressing non-compliant wells in the Chaveroo and Milnesand fields. We have been restricted by state and federal regulators from certain reactivations and operating activities which would have benefited our current cash flows, pending reductions of non-complaint wells which formerly have been allowed to exist for decades. During this period, crude oil production has averaged approximately 408 barrels of oil per day (bopd) over the first five months of 2011. At Crossroads, May production averaged approximately 287 bopd, a loss of approximately 105 bopd since December, 2010. These reductions are principally related to an erratic production pattern and scaling problems with the # 307 Devonian well and gas/oil production difficulties with the # 101 Morrow well. We have attempted two reactivations in the Crossroads field that, to date, have not yet proved successful. We are continuing to give our attention to this field which has been enormously successful over the last two years.

Since the start of the year the Company has utilized three well service rigs operating almost continuously in our oilfields to reactivate, convert or abandon non-producing wells and to date we have completed operations on 48 wells. At Chaveroo, the Company has reactivated seven wells and realized production increases from 29 bopd at the start of the year to approximately 70 bopd during May of this year. In May, the Milnesand Plan of Development (POD) for 2011 was finally approved by the Bureau of Land Management (BLM) after three submissions over a nine month period, thus allowing the re-entry of 10 wells since the approval of the POD. We have concentrated our remedial work programs to forestall increases in the number of non-compliant wells and have identified a list of non-core well bores to begin turn-key abandonment operations in July. The plugging program of 13 wells (all considered non-essential to our plans) is expected to commence as the service contractors become available and will begin to significantly reduce the number of non-compliant wells. Once this operation has been completed and paperwork filed we believe we can then begin our drilling program in the Milnesand field. Engineering design for the infill lateral wells from existing wellbores at Milnesand has been completed and we are currently soliciting vendors to commence this program as soon as approvals are received and services can be provided. At Crossroads, we will continue the process of reworking several existing wells to increase production from the Devonian and other reservoirs in an attempt to bring production back towards previous levels.

St Johns Development

The Company is expected to sign a drilling agreement shortly for the remaining two wells required for drilling under the St. Johns unit agreement obligations. We hope to initiate that drilling program towards the end of the third quarter of this year. Both wells will be targeting the high Helium area of the field within the Amos Wash interval. We will provide further details once a drilling contract has been executed.

Market and Industry Exposure

The Company continues to work on its intended plan for increasing oil production, advancing the St. Johns project and increasing market exposure. During the second quarter of 2011 we have attended the Executive Oil Conference in Midland, Texas, presented at the IPAA OGIS conference in New York and the Next Generation Oil conference in New Orleans. Additional conferences are planned and these will be announced in the near term.