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After a closer look they are just corrections to their share amounts after the split.
Insider buying = good thing?
If nobody saw this on the 15th here are some form 5's that came through for 12/31/12
Name Reporting Person *
WISE LARRY
http://ih.advfn.com/p.php?pid=nmona&article=56758294
Name of Reporting Person *
WEISBRICH GUNTHER J.
http://ih.advfn.com/p.php?pid=nmona&article=56758295
Name of Reporting Person *
BOREM JAMES G
http://ih.advfn.com/p.php?pid=nmona&article=56758290
Thanks for your opinion. If everything is lining up as it seems, should see a big run soon, IMHO.
I wouldn't think so. Oil prices are actually up from where they were 2-3 months ago.
Isn't recent drop in oil prices a problem for NTRO?
Nice find newt, thanks for sharing
A little tidbit on the Quinlan wells found in another Co.s dd
I hear ya there, I don't think it's right!! Bad decision on the Ihub Admin.
GO $NTRO
dang! pretty po'd that ihub admin removed all stickys from all stock specific boards. screw the mods who put hours into making them look good...thanks ihub
This was my thinking!
With NTRO's current share structure, $5.00 pps is very reasonable. $10, 000, 000 market cap ($5.00×2, 000, 000 shares o/s) is a comparable worth value.
Thanks for reply. Ironically, I once thought that it was NTRO that was bogus, not SIOR! I now find myself happily wrong.
Great news! We should start to move along and crush $1.00, IMHO. Given potential revs from recent drillng and share structure, should the stock see 5 bucks at some point?
Nitro Petroleum Inc.: News Release Branch #1
2013-02-25 10:12 ET - News Release
SHAWNEE, OKLAHOMA -- (MARKET WIRE) -- 02/25/13
Nitro Petroleum Inc. (OTCBB:NTRO) is pleased to announce it has successfully completed the Branch #1 well into the upper Viola formation. The well is currently flowing and pumping approximately 147 BOPD and 302 MCF P/D. Based on the current producing rate, the company is estimating its net revenue will increase by $109,182.00 per month. Nitro expects the producing rate to continue to improve as a result of additional Frac fluids being removed from the well. When the well was completed, it was fracked with 6000 BBLS of fluid and to date we have recovered approximately 4,000 BBLS of Frac fluid.
Nitro has targeted 3 additional completions in the Branch #1 well, the first being the lower Viola formation. The company plans to complete and comingle the production with existing production in the near future. Also, we still have the 1st Bromide Sand and the Deese Sands behind the pipe. The company is estimating the combined production from the additional formations would add approximately 150 BOPD and 220 MCF P/D. We believe the additional production would increase Nitro's monthly revenue by an additional $ 101,162 per month.
Respectfully,
James Borem, President
Nitro Petroleum Inc.
Contacts:
Nitro Petroleum Inc.
Investor Relations
(405) 273-9119
(405) 273-9889 (FAX)
nitropetroleuminc@yahoo.com
Anybody know anything about SIOR revocation? Once owned this one, and makes me a little nervous.
I have been keeping close tabs on that Canadian listed Cardiff Energy. They may be a key Component to Nitro's growth.
FYLTGE! Just think what will happen when we get some volume!
This is an easy one. NTRO closes green today. Bid/Ask above last price.
Here's INO.com's Smart Scan Chart Analysis For NTRO (2/19/13):
NITRO PETROLEUM (NASDAQ:NTRO) Uptrend Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
Based on a pre-defined weighted trend formula for chart analysis, NTRO scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average .
+15 New 3 Day High on Wednesday
-20 No Data for 20 Day Moving Average
+25 New 3 Week High, January 4th
+30 New 3 Month High on December 26
+80 Total Score
Should read 3x instead of 3? in my last post for today's volume.
Yes Sir. $NTRO is doing fine, IMO as well. They are starting to become better with the pr's and keeping us all informed also. Very nice.
To Recap Today
Volume 3? the average volume of 11.7k; 35, 658 shares traded today.
That's $17.2k that exchanged hands.
This on top of excellent news today and a week or so ago.
My take is that Ntro has run up 954.55% since it's low of $.055 on 12/31/2012. That makes NTRO a ten bagger believe it or not. That's enough to make some investors leave.
NTRO is very solid. Solid management. Solid income. Solid business plan. Solid, steady, business growth. That's my whole hearted attraction to any stock that I buy.
You are probably right- I hope!
look at the chart, it has gone up every day for how long, 10 days maybe, a slight pullback is healthy and its low volume. the faster a stock goes up, the harder it can crash.
organic move going on here @ NTRO.
Probably right. Should see then a nice move over next few days.
Just regular trading IMO. Some people seeing some profits or are even and want to find something else perhaps.
It is great news, but why the big drops over the past 2 trading sessions?
SHAWNEE, OKLAHOMA, Feb 19, 2013 (Marketwire via COMTEX -- Nitro Petroleum Inc. (OTCBB:NTRO -
Nitro has targeted 3 additional completions attempts in the Branch #1 well, the first Bromide, the lower Viola and the Deese formations. The company plans to complete and possibly comingle the production with the existing production in the near future. The company is estimating the combined production from the additional formations would add approximately 150 BOPD and 220 MCF P/D. We believe the additional production would increase Nitro's monthly revenue by an additional $101,162 per month.
Respectfully,
James Borem, President
Nitro Petroleum Inc.
FOR FURTHER INFORMATION PLEASE CONTACT: Nitro Petroleum Inc. Investor Relations (405 273-9119 (405 273-9889 (FAX nitropetroleuminc@yahoo.com
I can't believe it, but I am now at break-even with this stock. Never thought I'd see it!
Nice little gain today, slow and steady
I had my doubts, but looking stronger now!
Glad you are back on board here doc. Never doubt the king .70 now
Once we get volume, we'll easily break a dollar, IMHO.
Nice Preliminary results! Once the well stabilizes we should see a bump in bopd.
Can anyone here confirm the existence the status of Nitro's Alberta office and the wells they participated in 2009?
Looking up here imo. Nice to see ya doog
When I first read the form, I almost blew my oats, but then read the conversion price and was able to avoid bowing to Mr. Quaker :)
Yep. Shares issued to be converted at . 90 and 1.50
Nice!
Not sure if we will see it soon but $NTRO at $2 is coming I think. I believe that the r/s that occurred recently is part of a bigger plan of attracting bigger $$$ investors here. Keep in mind also that $NTRO has shown increasing revenue for nine straight Q's and we were in the black if I remember correctly until the summer fires. With the new completion (recent news) the $$$ is flowing back in and it won't take long to recoup on any losses we may still have. We are sitting very pretty here in my opinion, slow steady rise is what I see from $NTRO unless they decide to do some awareness but I don't think they will. $2 yes but when? Time will tell, IMO.
Could we see 2 bucks/share soon?
New something good was on the horizon, $NTRO is keeping up with the good #'s Gooder things to come here, IMO.
Great news today. It pays to be patient and wait. I knew ntro would deliver...didnt expect it to be so soon, but hey here we go! $2 valuation imo.
Yessir! $NTRO
SHAWNEE, OKLAHOMA, Feb 12, 2013 (Marketwire via COMTEX) -- Nitro Petroleum Inc.
(OTCBB:NTRO) is pleased to announce it has successfully completed the Branch #1
well into the upper Viola formation. The well is currently flowing and pumping
approximately 147 BOPD and 302 MCF P/D. Based on the current producing rate. The
company is estimating its net revenue will increase by $109,182 per month. Nitro
expects the producing rate to continue to improve as a result of additional frac
fluids being removed from the well. When the well was completed it was fracked
with 5000 BBLS of fluid and to date we have recovered approximately 2200 BBLS of
Frac fluid.
Jim Borem, President
Nitro Petroleum Inc.
Thats fine, ive been waiting 3 years lol
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Quinlan Project Update
Aug 20, 2012
OTC Disclosure & News Service
Shawnee, OK -
Share Holders,
We apologize for the reporting delay on results for theQuinlan project. The delay was primarily due to dry weather conditions, whichcaused a wild fire on the Quinlan lease causing some damage. We are pleased toreport that the Quinlan lease has been restored and is producing. The last wellcame online on 8/10/2012 at 3:00p.m. The wells are currently producingapproximately 40 to 42 BOPD. We are still waiting for the Quinlan #1 tostabilize. We believe once the Quinlan #1has stabilized, the production for thelease could increase to approximately 50 to 55 BOPD.
Current Production
Quinlan #1 Well = 6 BOPD x 21% W.I. = 1.26 BOPD
Quinlan #2 Well = 19 BOPD x 39% W.I = 7.41 BOPD
Quinlan #3 Well = 17 BOPD x 49% W.I. = 8.33 BOPD
The company is estimating that our monthly cash flow will improve by approximately $45,900 per month from the Quinlan wells. The company is now preparing to move to ournext project, the drilling of the Branch #1 well. The company is very excited about this drilling prospect. The well could add substantial reserves and could possibly double or triple the company cash flow.
Again we apologize for the delay on this update.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
http://www.otcmarkets.com/stock/NTRO/news/Quinlan-Project-Update?id=51516&b=y
OKLAHOMA CITY, OKLAHOMA--(Marketwire - March 14, 2011) - Nitro Petroleum Incorporated (OTCBB:NTRO) -
Interim well report; The McNeil #1 well is now averaging 12 -14 BOPD and 40 -45 MCF per day. The well is still flowing back from the frac job with 2,500 bbls of frac water recovered from the 4,000 bbl initial frac load at a flow back rate of 60 BBL of salt water and frac fluid and flowing oil up the back side. As we are recovering the frac fluid and salt water this well should continue to keep increasing in oil and gas as we continue to pump well. We should be producing approximately 25 to 40 bbls of oil and 100 + MCF of gas.
Quinlan No.1 located on teh NW/4 of Sec 19. T11N-R5E, Pottawatomie County, Oklahoma.
A five year producer from the Hunton Limestone reservoir, this lease has been a steady producer with a total cum as of 6-1-09 of 12,530 barrels of oil with a per month average in excess of 200 barrels of oil.
Nitro recently completed rework on the Quinlan No.1 which is now producing 7-8 BOPD ; after repairs to the casing NTRO expects production to increase to 15-20 BOPD
Quinlan No. 2 well located in the NW/4 of Section 19, T11N-R5E, Pottawatomie County, Oklahoma. The Quinlan No.2 well is completed in the Viola Limestone formation which is in the Northeast Shawnee Field adjacent similar Viola completions. This field is also known for its lucrative Hunton Limestone production. This well is now producing 18-20 BOPD.
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NTRO Barchart Opinion http://www.barchart.com/opinions/stocks/NTRO
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