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bam!! news! NTRO once again showing that forward progress and increased cash flow is innevitable. way to go Jim! i applaud you!
Nitro Petroleum Inc.: News Release Giant 1-21
Print
Nitro Petroleum Inc. (OTCBB:NTRO) announced that we were commencing drilling of the Giant # 1-21 well on May 22, 2013. The well is located in Stephen County, Oklahoma, Section 21, Township 2 North 8 West. Our target zone is the Upper and Lower Sears Sand at a proposed depth of 6,800 feet. We are currently at a depth of 6000 feet. We should be at our target zones within the next 24 hours.
Nitro conservatively estimates the well to produce 100 BBLS and 200 MCF per day. We will keep you advised of the progress.
Respectfully,
James Borem, President
Nitro Petroleum Inc.
Contacts:
Nitro Petroleum Inc.
James Borem
President
405-273-9119
405-273-9889 (FAX)
nitropetroleuminc@yahoo.com
Nitro News
SHAWNEE, OKLAHOMA, Jun 05, 2013 (Marketwired via COMTEX -- Nitro Petroleum
Inc. (OTCBB: NTRO announced that we were commencing drilling of the Giant #
1-21 well on May 22, 2013. The well is located in Stephen County, Oklahoma,
Section 21, Township 2 North 8 West. Our target zone is the Upper and Lower
Sears Sand at a proposed depth of 6,800 feet. We are currently at a depth of
6000 feet. We should be at our target zones within the next 24 hours.
Nitro conservatively estimates the well to produce 100 BBLS and 200 MCF per day.
We will keep you advised of the progress.
Respectfully,
James Borem, President
Nitro Petroleum Inc.
Contacts:
Nitro Petroleum Inc.
James Borem
President
405-273-9119
405-273-9889 (FAX
nitropetroleuminc@yahoo.com
SOURCE: Nitro Petroleum Incorporated
Wow did you forget to take your meds
Nitro way over valued, they will still dump more shares, right now share price valuing the company at 2.5 million, the stock price will dump to .15 cents, nitro valued at $850,000. get your bids in if you like this poor excuse of an oil company!
Whashu talkin' about, Willis...???!!!
Volume won't help when company dumping more shares on the market, they reverse split down to 2 million now back to 5 million outstanding, Jim up to the same old tricks will be back to billions outstanding before you now it, bring back the wiser!
Nice try Myke! Nobody cares what you have to say. Take your talk to a different stock!
Nitro could be worthsomething is they would be issuing more shares, same sad story with nitro, they soon will be back to 2 billion outstanding, and worth a 1/2 cent.
what a loser, company, bring back the wise man!
out thing the boring borem, he needs to find a job!
Thanks for the accurate information WK! :) I believe everyone that is a Nitro investor will be pleased with how this company grows financially. We should be getting a quarterly report soon shouldn't we?
I spoke with jim today. NTRO is set for a good summer.
I'm certain that we have heard the last from myke for awhile. If you are going to give misinformation, you had better be good at it. IMHO, we are looking for a huge move to > 1.50 this summer.
You are right! And those are the people that turn out to be the big losers in the market.
Myke2, I don't know where you are getting your information but it is inaccurate. Please keep the rumors to yourself. If Nitro was wiped out they would not be getting ready to drill the Giant #1 well, which is GREAT News for all the Nitro Investors.
look there, NTRO continuing to expand and produce. good job guys!
$NTRO News - http://ih.advfn.com/p.php?pid=nmona&article=57690911&symbol=NTRO
Nitro Petroleum Inc.: News Release Giant 1-21
Nitro Petroleum Inc. (OTCBB:NTRO) is pleased to announce that we will commence drilling of the Giant # 1-21 well on May 23, 2013. The well is located in Stephen County, Oklahoma, Section 21, Township 2 North 8 West. Our target zone is the Upper and Lower Sears Sand at a proposed depth of 6,800 feet.
Nitro conservatively estimates the well to produce 100 BBLS and 200 MCF per day. We will keep you advised of the progress.
Respectfully,
James Borem, President
Nitro Petroleum Inc.
Contacts:
Nitro Petroleum Incorporated
James Borem
President
(405) 273-9119
(405) 273-9889 (FAX)
nitropetroleuminc@yahoo.com
Nitro hit so hard by the storms, it wiped out even their website. Take a look, give larry a call, buildings in shawnee and OK city gone, their fields and pump, tanks evenything knocked to the ground
Today was a great day to buy for the folks that got in on it!
Myke your information is inaccurate.
Do you have proof that they were hit and wiped off by the tornadoes? Thanks for not just spreading rumors.
Poor Nitro can't catch a break, Wiped off by the Tornados in Shawee, They will never recover from this, worst than the fires that hit last year, let's hope they sell with a merger so the stock will be worth something, this stock is finally dead
These documents are mind-numbing to read. Bottom line to current investors: dilution could be our pollution.
agreed newt, nothing spectacular but not bad either, remember they had some down time with the fire and equipment needing fixing. this year they ought to pull in higher numbers if they can keep things working. maybe they will strike that 1 big land deal they need and get a chance at some prime real estate. watching for now.
ntro
Par for the course here WK soon price will catch up with $NTRO
2.59 mil os and 1.4 mil in assets. Oil production increasing year over year.
Why isn't share price reflected in this? 200 share trades have been tanking this stock during the past 2 trading sessions. Need news and decent fins ASAP, IMHO.
PPS Going Up.
Bid and ask above the last printed price.
Strong bid at 1,000, 000
200 share sell to shake up; didn't work.
Not at all.
Take a look at PPTO. New tech has become available where fracing does not have to be performed.
On comes HDogtx as a mod to the PPTO board. Heavey hitter. Lots of followers. Price/volume instantly pops. That board comes alive.
THAT CAN EASILY HAPPEN HERE.
Today's price goes down on a 200 share sell. It sold at $.40 for an $80.00 trade. A price drop of 20% on an $80.00 trade. Meaningless. Except some entity is trying to trigger an unsuspecting stop loss. That entity can then grab those shares that cascaded. However, it didn't work. Could also be that someone needed $80.00 to buy PPTO.
Oh. It wasn't a MM doing it either. They really could care less.
So don't fret. Things can happen.
From the looks of things, the trend certainly suggests this. The stock is dead.
Is it possible that we could see .15/share again before we see $1/share?
Frankly, I think the shares here are held pretty tightly. News will propel us to 2 bucks, IMHO.
Doubt any dilution. It would also dilute the corp officer's equity % also.
They appear to have "enough cash flow" per their last filing, but was NOT the amounts claimed in their pr's.
Still, I don't see any dilution in the foreseable future.
But wouldn't this mean dilution?
Just in time for Lanshe's founding, father's stock to become unrestricted (6 month holding requirement).
Expect NTRO stock to come alive then.
Hopefully we see some action this summer. $NTRO will and has been making $$$
We'll run to 2 bucks soon, IMHO
Here's a news release from Feb. by Nitro that I don't think made it to ihub
February 19, 2013 09:30 ET
Nitro Petroleum Inc.: News Release Branch #1
SHAWNEE, OKLAHOMA--(Marketwire - Feb. 19, 2013) - 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.
Oil prices sure have takin a dump in the last week. Was around $96/brl today they are down to $88/brl
Good morning all
any comments on Nitro reporting? or 1/4 filing due date?
something should be coming around
thanks
MK
Nice uptick. MM background noise, or something brewing?
IMHO, I think once there is news released on more drilling it will help increase the volume and the revenue from branch #1 that was recently drilled should help drive the stock. Also oil and prices are on the rise again. Oil is up around $96 per barrel. :)
I am really beginning to hate this stock. Like watching paint dry.
So the declared insiders arent buying anything of their own company stocks!
Yes it appears you are correct.
If you look closely at all three of the form 5s the transactions for Dec.31,2012 were free shares acquired and nothing to do with the split.
Yes as they were just a correction to their share counts after the split.
Yes I saw those filings, thanks. Did you notice also that the price per share for shares acquired was zero cents.
oh how i would love to buy this at .10 or less :) maybe someday...but probably won't ever get that low again.
yes, very good
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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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