Nitro Petroleum Inc (NTRO) 0.1899 $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.: News on Elmo #2
Marketwire Canada - Thu Dec 19, 8:00AM 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. Again, Nitro Petroleum Inc. will announce the initiation of drilling of the Elmo #2 in early January of 2014.
Nitro Petroleum Inc.: Drilling Mr. Bill #1
Marketwire Canada - Wed Dec 18, 9:27AM CST
Nitro Petroleum Inc. (OTCBB:NTRO) is pleased to announce it has recently acquired a Working Interest in a well named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. The well spudded 12-16-2013 with the primary target reservoir being the prolific sand producer named the Misener Sand with a secondary target reservoir being the Cleveland Sand which the well location is virtually in the north boundary of a producing Cleveland Sand Field. Cleveland Sand production adjacent to the drill site has accumulated oil in the range of 26,000 to 33,000 barrels of oil per well. Nitro Petroleum Inc. will post updates to the drilling of the well as information becomes available.
Nitro Petroleum Inc.: News Release Giant 2-21
Marketwire - Thu Sep 05, 1:10PM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce that we have commenced preparations to drill the Giant #2-21. Nitro is currently building the location. Nitro has contracted Walker Brothers to drill the well and are estimating the start date will be on Sept. 18 or 19. We will keep you advised of our progress.
Nitro Petroleum Inc.: Giant #1-21 Update
Marketwire - Tue Jun 11, 8:31AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce to its shareholders and partners that we have completed the drilling and logging of the Giant #1-21 Well located in Stephens County Oklahoma. Nitro Petroleum Inc. and Partners are extremely excited with the well log showings. The logs show approximately 190 feet of Sears Sand with no depletion. When Texaco discovered this field in 1960 the initial production rate for some of the offset wells were 600 to 800 BOPD and 2000 to 4000 MCFPD. Nitro Petroleum Inc. had originally estimated the Giant #1-21 well to produce 100 BOPD and 200 MCFPD, after reviewing the log results Nitro Petroleum Inc., expects to exceed the projected rates. Nitro Petroleum Inc. will continue to advise everyone of the progress.
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.: News on Elmo #2
Marketwire Canada - Thu Dec 19, 8:00AM 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. Again, Nitro Petroleum Inc. will announce the initiation of drilling of the Elmo #2 in early January of 2014.
Nitro Petroleum Inc.: Drilling Mr. Bill #1
Marketwire Canada - Wed Dec 18, 9:27AM CST
Nitro Petroleum Inc. (OTCBB:NTRO) is pleased to announce it has recently acquired a Working Interest in a well named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. The well spudded 12-16-2013 with the primary target reservoir being the prolific sand producer named the Misener Sand with a secondary target reservoir being the Cleveland Sand which the well location is virtually in the north boundary of a producing Cleveland Sand Field. Cleveland Sand production adjacent to the drill site has accumulated oil in the range of 26,000 to 33,000 barrels of oil per well. Nitro Petroleum Inc. will post updates to the drilling of the well as information becomes available.
Nitro Petroleum Inc.: News Release Giant 2-21
Marketwire - Thu Sep 05, 1:10PM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce that we have commenced preparations to drill the Giant #2-21. Nitro is currently building the location. Nitro has contracted Walker Brothers to drill the well and are estimating the start date will be on Sept. 18 or 19. We will keep you advised of our progress.
Nitro Petroleum Inc.: Giant #1-21 Update
Marketwire - Tue Jun 11, 8:31AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce to its shareholders and partners that we have completed the drilling and logging of the Giant #1-21 Well located in Stephens County Oklahoma. Nitro Petroleum Inc. and Partners are extremely excited with the well log showings. The logs show approximately 190 feet of Sears Sand with no depletion. When Texaco discovered this field in 1960 the initial production rate for some of the offset wells were 600 to 800 BOPD and 2000 to 4000 MCFPD. Nitro Petroleum Inc. had originally estimated the Giant #1-21 well to produce 100 BOPD and 200 MCFPD, after reviewing the log results Nitro Petroleum Inc., expects to exceed the projected rates. Nitro Petroleum Inc. will continue to advise everyone of the progress.
