LevelStock.com Bonus Stock Scan NTRO. You have all weekend to do your research on this company. NTRO releases news today. NTRO with an overall average 80% Buy !!!
" Nitro Petroleum Inc. Prepares for Rework on Ward-McNeil Well Oklahoma"
*****The company believes that this well is located in the same favorable position as the Ward-McNeil # 1 as this well had substantial production from Viola Limestone just to the North West. Services are now being scheduled and should be completed within approximately 30 days. Nitro will report on the progress on completion shortly.
More can be read here:
Nitro Petroleum, Inc. OTC: NTRO
Oklahoma is one of the major oil-producing States in the Country, with an annual production typically accounting for more than 3% of total U.S. production in recent years. Crude oil wells and pipeline systems are concentrated in Central Oklahoma, although drilling activity takes place in the panhandle. One of the is one of the 100 largest oil fields in the United States is found in Oklahoma. The city of Cushing, in Central Oklahoma, is a major Crude oil trading hub that connects Gulf Coast producers to Midwest refining markets.
Nitro Petroleum Project Overview
NITRO Petroleum Inc. NTRO is a growth orientated, oil and gas Exploration Company. That focuses on the upstream component of the exploration and production of natural resources. The Company has two primary strategies: the continued development of joint venture properties in highly productive areas, and the redevelopment of mature fields through the innovative use of technology.
NTRO is a unique oil and gas exploration company that identifies and develops reserves utilizing innovative techniques in a low cost environment. Nitro currently holds investments in the following projects:
* Acquisition of Hoco Oil Company in Oklahoma
o Total Developed Reserves of Approximately $20 million.
o Numerous new well locations for developmental drilling
* Barnett Shale project, operated by Reo Star Energy Corp.
o $900,000 in acreage and working interests in existingwells
* Powder River Basin in Montana
o Agreement to acquire oil and gas leases covering approximately 1,600 acres with additional options to acquire another 3,200 acres. Production in the area has produced in the range of 300-500 BOD.
* West & East Mooreland and the Farley projects in Oklahoma.
o These wells are currently been re-worked and have plans for testing. The Company will be re-working 3 wells on the Crown Lease, Oklahoma.
NTRO Daily Chart
***NTRO Detailed Technical Analysis Opinion*** Overall Average
80% BUY
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