NTRO News Alert Nitro Petroleum Inc (NTRO) 0.2150 02/15/2015
Post# of 64108
Posted On: 02/15/2015 7:15:31 AM
Nitro Petroleum Inc (NTRO) 0.2150 $NTRO
Core Resource Management Announces Effective Date of Merger Transaction
Marketwired - Mon Dec 29, 11:45AM CST
Core Resource Management, Inc. (OTCQB: CRMI) announces the acquisition of the outstanding equity securities of Nitro Petroleum has been become effective as of December 19, 2014, pending a shareholder meeting to be conducted in January. The approximately $14 million transaction was initially announced Sept. 4, 2014. Nitro shareholders will receive 10.5 shares for every 1 share of Core common stock. Beginning in 2014, Core had over $4 million in debt with under $2 million in assets. Today, assets have grown to over $13 million and debt has fallen to around $1.5 million. Late 2014 saw the acquisition of two private companies, Royal Petroleum and White Stone Resources, and the completion of the merger with Nitro Petroleum. These acquisitions were completed almost entirely with equity, keeping debt contained at the most efficient levels to operate and thrive in these current market conditions.
Core Resource Management Acquires Working Interests in Oklahoma Oil and Gas Properties in All Equity Deal
Marketwired - Fri Dec 12, 5:54PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company"
to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core acquired the oil and gas assets of both White Stone and Royal in exchange for common stock equity of Core. The definitive Purchase and Sale Agreement was executed on December 12, 2014.
Core Resource Management Agrees to Acquire Working Interests in Oklahoma Oil and Gas Properties in All-Equity Deals
Marketwired - Mon Nov 24, 12:25PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company" to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the pending acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core will acquire the oil and gas assets of both White Stone and Royal in exchange for equity of Core.
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.
Core Resource Management Announces Effective Date of Merger Transaction
Marketwired - Mon Dec 29, 11:45AM CST
Core Resource Management, Inc. (OTCQB: CRMI) announces the acquisition of the outstanding equity securities of Nitro Petroleum has been become effective as of December 19, 2014, pending a shareholder meeting to be conducted in January. The approximately $14 million transaction was initially announced Sept. 4, 2014. Nitro shareholders will receive 10.5 shares for every 1 share of Core common stock. Beginning in 2014, Core had over $4 million in debt with under $2 million in assets. Today, assets have grown to over $13 million and debt has fallen to around $1.5 million. Late 2014 saw the acquisition of two private companies, Royal Petroleum and White Stone Resources, and the completion of the merger with Nitro Petroleum. These acquisitions were completed almost entirely with equity, keeping debt contained at the most efficient levels to operate and thrive in these current market conditions.
Core Resource Management Acquires Working Interests in Oklahoma Oil and Gas Properties in All Equity Deal
Marketwired - Fri Dec 12, 5:54PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company"
to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core acquired the oil and gas assets of both White Stone and Royal in exchange for common stock equity of Core. The definitive Purchase and Sale Agreement was executed on December 12, 2014. Core Resource Management Agrees to Acquire Working Interests in Oklahoma Oil and Gas Properties in All-Equity Deals
Marketwired - Mon Nov 24, 12:25PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company"
to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the pending acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core will acquire the oil and gas assets of both White Stone and Royal in exchange for equity of Core. 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.
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