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hey fmi, looking forward to financials and NTRO's future project plans!
hey phoenix! how are you?
$NBRI at cant miss levels down here..Anything close to .10 is a great buying opportunity!>>>>http://www.northbayresources.com/
NTRO numbers are looking better everyday
Breakdown of Feb 29 pr
Quinlan #1: 15-20 bopd
Quinlan #2: 18-20 bopd
Quinlan #3: 30-45 bopd
Total 63-85 bopd Avg. Est.
@ $105 = 205k-276k per month
SHARE STRUCTURE
O/S 207,424,156
R/S 77,957,933
Float of 131,466,223
Nitro Finalizes Recompletion of Quinlan Wells
February 29, 2012 09:30 ET
OKLAHOMA CITY, OKLAHOMA--(Marketwire - February 29, 2012) - Nitro Petroleum Incorporated (OTCBB:NTRO) -
Nitro Petroleum is pleased to announce we have finalized the recompletion and testing of the Quinlan wells 1, 2 and 3. We are very excited with the results.
The Quinlan #1 well is currently producing approximately 7 to 8 barrels per day and after we removed the packer and re-squeezed the casing leak, the well should now produce 15 to 20 barrels per day.
The Quinlan #2 is currently producing 18 to 20 barrels per day.
The Quinlan #3 is currently being rod pumped at 3 to 5 barrels per day below a packer. We have determined based to the testing results a submersible lift pump will be required due to the high volume of fluid. The #3 well was tested at a rate of approximately 1500 barrels of fluid with a 2 to 3 percent oil cut, which calculates to be 30 to 45 barrels per day. The company believes this project will increase our cash flow approximately $78,000 per month.
We are planning to post Nitro's year-end financials (January 31, 2011) on or before March 14, 2012. Thank you for your patience on this matter.
I second that.
This is the only board that I like every poster on it. No bashing, no headaches!!
I just might load a little more then. Take some profits off of UBRG when it stops running, lol
UBRG getting hit hard again today I see this as a steady gainer until financials come out then could soar. Record volume yesterday and up anther 75% so far today!
Cool,
Love all of your input on investing with charts it's great. Oh don't forget go Teco and coolnapz corner.
UBRG getting some legs and moving on positive PR. Up 140% so far!
One side-effect of the positive U.S. economic newsflow has been to put upward pressure on oil prices. Despite a modest retreat back below $109 a barrel Monday, the benchmark New York rate is trading way above where it was just a month ago. Last Friday, it hit $109.77 a barrel, its highest close since May 3. Crude has soared from $96 earlier this month as stronger U.S. economic indicators bolstered investor confidence.
I like the video. I hope we get a new video from Treaty showing them completing their next well. We should be hearing something from Treaty management soon on well numbers. IMO
Nice I like it.
$NBRI..Dilution of the dollar isnt stopping..Entitlements like SS will dry up..PM's will continue to rise..NBRI is your Plan B>>>>>http://www.northbayresources.com/
No doubt it looks like it will only go higher too!
2 more weeks til TECO news I also just noticed GRPR is making news on the boards
Unreal, hope everyone is hedging higher fuel costs by buying oil plays.
Glad to have you
Thanks fmi81 for adding me to your new wonderful board!!
MGUY Recent oil news! 1 for 5 R/S 47mil float 9mil float post split this could really move soon!
Oil hovers above $106 as Iran tensions mount
Oil hovers above $106 in Asia amid growing tension over Iran's nuclear program
"A real stoppage of 4 million barrels a day will send crude markets to at least $130," Carl Larry of Oil Outlooks and Opinions said in a report. "A stoppage longer than a month will push that number to $150. Damage to oil fields or transport areas will add even more premium that will not go away for years."
Boardmark and person mark for all the mods!
Oil touched 107 today, just a sign that it will likey continue to trend upwards. NTRO's reserve value of oil at $110 is 8.77 million dollars (79,766 BBLS )
market cap = +10 million should be fmv imo
$10 million = pps of +.045
GDSM is like a freight train moving up, wow. very solid momo there. wish i had bought on the pullback to .008 last week.
It will come, NTRO will move soon though...
fmi81, I tried getting some NTRO shares today, no luck. My order is still out there, maybe tomorrow.
I'm here for the long haul, only good things in the future for Treaty.
I hear big things in next 2-3 weeks are expected...Treaty is supposed to head to .20 cents from all the rumors...I guess were about to see...Definitely someone wants in..
fmi81, did you see the closing action on TECO today? I think tomorrow will be an interesting day.
USNL News is out!
US National Telecom announces changes to its capital share structure.
http://www.otcmarkets.com/stock/USNL/news/US-National-Telecom-Inc%2C-reduces-authorized-share-structure?id=42602&b=y
PORT WASHINGTON, N.Y. (MarketWatch) — When it comes to prices of oil and gasoline, the law of supply and demand does not seem to apply.
http://www.marketwatch.com/story/the-oil-and-gas-conundrum-2012-02-21?siteid=yhoof2
I have been saying this for years....
PORT WASHINGTON, N.Y. (MarketWatch) — When it comes to prices of oil and gasoline, the law of supply and demand does not seem to apply.
http://www.marketwatch.com/story/the-oil-and-gas-conundrum-2012-02-21?siteid=yhoof2
I have been saying this for years....
URS Agrees to Acquire Flint Energy Services for $1.25 Billion
Here comes the players
USNL I will tell you what..I will post it tomorrow if rumor is true. Keep watch in the morning.
Would you please elaborate on type of news
USNL News is on the way !!
SOON TO BE UPDATED WITH EXCITING DEVELOPMENTS
This is Where You Can Ask Shiz a Question but Beware He May be in a Bad Mood
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