Nitro Petroleum Inc (NTRO) 0.2210 $NTRO
Core Resource Management, Inc. and Nitro Petroleum, Inc. Enter Into Definitive Agreement and Plan of Merger
Marketwire - Wed Sep 03, 6:56PM CDT
Core Resource Management, Inc. (OTCQB: CRMI) ("Core"
and Nitro Petroleum, Inc. (OTCQB: NTRO) ("Nitro" announced today that the two companies, together with Core Resource Management Holding Co. ("CRMI-H" , a wholly-owned subsidiary of Core, have entered into an Agreement and Plan of Merger (the "Merger Agreement" (dated August 28, 2014), pursuant to which, subject to the satisfaction or waiver of certain conditions, CRMI-H will merge with and into Nitro (the "Merger" , with Nitro becoming a wholly-owned subsidiary of Core.
Nitro Petroleum to Be Acquired by Core Resource Management, Inc. in an All-Stock Deal
Marketwire - Mon Aug 11, 12:08PM CDT
Nitro Petroleum, Inc. (OTCQB: NTRO) ("Nitro" (www.nitro-petroleum.com) ; Nitro Petroleum is a Oklahoma based oil & gas drilling and production company, that holds undervalued drilling prospects in the mid-continent region of the United States. Nitro focuses heavily on creating both growth and value through developmental drilling and carefully screened mineral "plays" located in proven undeveloped or overlooked fields.
Nitro Petroleum-News Release: Update for June 2014
Marketwire - Mon Jun 16, 5:01AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) announces that we are in the final stages of foreclosure on working interest partners that have not paid their pro-rata shares of monthly costs to operate wells. Once this foreclosure has been completed, it should increase Nitro Petroleum's monthly cash flow by $15,000.00 per month. We will keep you posted once this process is completed.
Nitro Petroleum Inc.-News Release: June 2014 Press Release
Marketwire - Fri Jun 13, 10:41AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) announces that the company has satisfied its $175,000.00 debt which leaves Nitro basically debt free. Nitro Petroleum Inc. is also pleased to announce it has acquired 15% of the Razorback #1 well located in Kingfisher County, Oklahoma. This well is awaiting a Frac job which should be completed on or before June 23, 2014. We will keep you posted on the results once we put this well into production.
Nitro Petroleum Incorporated: 3rd Quarter Filing Correction
Marketwire - Wed Jan 15, 3:31PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) announces a change in net profit for the 3rd quarter filing. Due to a correction in our accounting, Nitro Petroleum Inc. shows a net profit of $189,666.00. We apologize for any inconvenience.
Nitro Petroleum Inc.: Elmo 2 Update
Marketwire - Tue Jan 14, 4:03PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) participation in the Elmo #2 well has finished drilling and logging. Based off logs, we are flat on structure to the Elmo #1 and in the same sand bar. Pipe was set to a depth of 3,540 feet. We anticipate the Elmo #2 to be comparable to the Elmo #1. We expect to complete the Elmo #2 on or before January 24, 2014. We will keep you posted as soon as the results are available.
Nitro Petroleum Inc.: 3rd Quarter Update
Marketwire - Thu Jan 09, 7:01AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) 3rd Quarter filing showed a $357,881.00 profit during the 3rd quarter of 2013. Nitro is taking another step in its ongoing Shawnee, OK. based oil and natural gas company. Nitro is focusing on onshore properties to create the premier, high return, growth oriented resources in Oklahoma. Nitro expects to be able to boost production in 2014 by 50% in daily production by establishing competitive advantages including infield drilling development, behind pipe reserves, and proven producing acquisitions. We think it's a terrific move and will really focus on making Nitro one of the best small growth companies in the oil industry.
Nitro Petroleum Incorporated: Update on Elmo #2
Marketwire - Wed Jan 08, 8:12AM CST
Nitro Petroleum Incorporated (OTCBB: NTRO) is announcing that a well they own interest in is preparing to spud today, 1-7-2014, named the Elmo #2 located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres to the northwest of the proposed location. The drilling contractor is Walker Brothers Drilling Inc., Rig #17, which started moving in tools Saturday, 1-4-2014, and commenced drilling today, 1-7-2014. Drilling started with a 12 1/4" surface hole with 8 5/8" surface casing being proposed to be set @ 710'. A 7 7/8" production hole will be drilled with the ultimate goal of setting 4 1/2" production casing through the zone of interest. Nitro Petroleum Incorporated will announce further updates of the drilling of the Elmo #2 as it becomes available.
Nitro Petroleum Inc.-News Release: Elmo 2 Update
Marketwire - Fri Jan 03, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Walker Brothers Drilling Company will be moving in to drill the Elmo #2 January 4, 2014. We will keep you posted on the drilling progress.
Nitro Petroleum Inc.: Update on Giant 2-21
Marketwire - Thu Jan 02, 9:00AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on the ongoing completion on their Giant #2-21 in Section 21-2N-8W, Stephens County, Oklahoma. Nitro Petroleum Inc. has been able to generate an IP of 40 barrels of oil per day for the first two weeks with 50+ MCFG per day with no water from the Upper & Lower Sears Sands. The well has produced oil & gas through the continuing completion process and we will keep everyone informed as the well continues to establish a level production rate.
Core Resource Management, Inc. and Nitro Petroleum, Inc. Enter Into Definitive Agreement and Plan of Merger
Marketwire - Wed Sep 03, 6:56PM CDT
Core Resource Management, Inc. (OTCQB: CRMI) ("Core"
and Nitro Petroleum, Inc. (OTCQB: NTRO) ("Nitro" announced today that the two companies, together with Core Resource Management Holding Co. ("CRMI-H" , a wholly-owned subsidiary of Core, have entered into an Agreement and Plan of Merger (the "Merger Agreement" (dated August 28, 2014), pursuant to which, subject to the satisfaction or waiver of certain conditions, CRMI-H will merge with and into Nitro (the "Merger" , with Nitro becoming a wholly-owned subsidiary of Core. Nitro Petroleum to Be Acquired by Core Resource Management, Inc. in an All-Stock Deal
Marketwire - Mon Aug 11, 12:08PM CDT
Nitro Petroleum, Inc. (OTCQB: NTRO) ("Nitro"
(www.nitro-petroleum.com) ; Nitro Petroleum is a Oklahoma based oil & gas drilling and production company, that holds undervalued drilling prospects in the mid-continent region of the United States. Nitro focuses heavily on creating both growth and value through developmental drilling and carefully screened mineral "plays" located in proven undeveloped or overlooked fields. Nitro Petroleum-News Release: Update for June 2014
Marketwire - Mon Jun 16, 5:01AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) announces that we are in the final stages of foreclosure on working interest partners that have not paid their pro-rata shares of monthly costs to operate wells. Once this foreclosure has been completed, it should increase Nitro Petroleum's monthly cash flow by $15,000.00 per month. We will keep you posted once this process is completed.
Nitro Petroleum Inc.-News Release: June 2014 Press Release
Marketwire - Fri Jun 13, 10:41AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) announces that the company has satisfied its $175,000.00 debt which leaves Nitro basically debt free. Nitro Petroleum Inc. is also pleased to announce it has acquired 15% of the Razorback #1 well located in Kingfisher County, Oklahoma. This well is awaiting a Frac job which should be completed on or before June 23, 2014. We will keep you posted on the results once we put this well into production.
Nitro Petroleum Incorporated: 3rd Quarter Filing Correction
Marketwire - Wed Jan 15, 3:31PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) announces a change in net profit for the 3rd quarter filing. Due to a correction in our accounting, Nitro Petroleum Inc. shows a net profit of $189,666.00. We apologize for any inconvenience.
Nitro Petroleum Inc.: Elmo 2 Update
Marketwire - Tue Jan 14, 4:03PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) participation in the Elmo #2 well has finished drilling and logging. Based off logs, we are flat on structure to the Elmo #1 and in the same sand bar. Pipe was set to a depth of 3,540 feet. We anticipate the Elmo #2 to be comparable to the Elmo #1. We expect to complete the Elmo #2 on or before January 24, 2014. We will keep you posted as soon as the results are available.
Nitro Petroleum Inc.: 3rd Quarter Update
Marketwire - Thu Jan 09, 7:01AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) 3rd Quarter filing showed a $357,881.00 profit during the 3rd quarter of 2013. Nitro is taking another step in its ongoing Shawnee, OK. based oil and natural gas company. Nitro is focusing on onshore properties to create the premier, high return, growth oriented resources in Oklahoma. Nitro expects to be able to boost production in 2014 by 50% in daily production by establishing competitive advantages including infield drilling development, behind pipe reserves, and proven producing acquisitions. We think it's a terrific move and will really focus on making Nitro one of the best small growth companies in the oil industry.
Nitro Petroleum Incorporated: Update on Elmo #2
Marketwire - Wed Jan 08, 8:12AM CST
Nitro Petroleum Incorporated (OTCBB: NTRO) is announcing that a well they own interest in is preparing to spud today, 1-7-2014, named the Elmo #2 located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres to the northwest of the proposed location. The drilling contractor is Walker Brothers Drilling Inc., Rig #17, which started moving in tools Saturday, 1-4-2014, and commenced drilling today, 1-7-2014. Drilling started with a 12 1/4" surface hole with 8 5/8" surface casing being proposed to be set @ 710'. A 7 7/8" production hole will be drilled with the ultimate goal of setting 4 1/2" production casing through the zone of interest. Nitro Petroleum Incorporated will announce further updates of the drilling of the Elmo #2 as it becomes available.
Nitro Petroleum Inc.-News Release: Elmo 2 Update
Marketwire - Fri Jan 03, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Walker Brothers Drilling Company will be moving in to drill the Elmo #2 January 4, 2014. We will keep you posted on the drilling progress.
Nitro Petroleum Inc.: Update on Giant 2-21
Marketwire - Thu Jan 02, 9:00AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on the ongoing completion on their Giant #2-21 in Section 21-2N-8W, Stephens County, Oklahoma. Nitro Petroleum Inc. has been able to generate an IP of 40 barrels of oil per day for the first two weeks with 50+ MCFG per day with no water from the Upper & Lower Sears Sands. The well has produced oil & gas through the continuing completion process and we will keep everyone informed as the well continues to establish a level production rate.
