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With
oil
over $109 a barrel new
extraction
technologies are more important
than ever. The United
States is blanketed with
older
oil
wells which were not worth upgrading
when oil was at $30. In the current market
these wells are in the spotlight. With a simple
high tech refitting these wells can increase
their production
many times over.
It broke an inflation-adjusted record set in
1980, and the persistent rise in
oil
prices
that has
taken a barrel of crude to a
once-unthinkable $109 has become a reality!
The need to increase domestic
production
is a MUST, and with several wells in
production,
the time to see Nitro Petroleum,
Inc. (OTCBB: NTRO) is NOW!
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TODAY'S EXCITING BREAKING NEWS
After The Market Closed on
3/18/08
Nitro Announces Return of Shares
to Treasury!
There is important news
coming from Nitro Petroleum,
Inc. (OTCBB: NTRO), and the
company continues to be a must
see for investors.
Yesterday after the markets
closed, the company issued a
press release announcing that it
has received an irrevocable
letter of intent from the major
shareholder of the company
whereby 100,000,000 restricted
shares will be returned to the
company for cancellation.
 This
is good news for the company and
its investors! According to
the release, this would
represent a two thirds reduction
in outstanding shares. The
cancellation is subject to
regulatory approval. The
corporate attorney
has been
instructed to proceed with the
necessary submissions for the
share cancellation process.
Larry Wise, President of Nitro,
explains that the offer to
cancel this stock is a major
step for Nitro whereby potential
financing opportunities are
significantly enhanced to fund
future oil and gas resource
acquisitions and development.
Investors are urged to continue
to monitor the progress of the
company! Last week, Larry
Wise, President of Nitro
Petroleum, Inc., announced that
Nitro has entered into
negotiations and has prepared a
letter of intent for the new
drilling project in Pottawatomie
County with Toro Ventures Inc.
of Seattle, Washington.
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1) You can't afford to buy many shares.
After all, buying 1,000 shares of Chevron
would cost you around $84,000.
2) You don't get the benefit of leverage!
Here's what I mean. If you buy 1,000
shares of Chevron and spend $84,000 and the
stock has a great day and goes up, say $5 a
share (unusual, but it happens on rare
occasions), great. Your $84,000 now turned
into $89,000. BIG DEAL, a return of under
6%! But consider an alternative; lesser
known oil stocks that are not traded on the
big exchanges. Nitro Petroleum is an
example.
If your like the average person, you don't
have $84,000 sitting around to use for
anything; much less investments. But you may
have a few hundred or even a couple of
thousand dollars that you can afford to play
with by investing in stocks that have more
risks than the well known oil companies,
BUT ALSO STAND TO MAKE YOU RETURNS THAT ARE
NOT EVEN POSSIBLE WITH STOCKS LIKE CHEVRON!
Let's look at a simple example. Suppose you
put $2,000 into a stock that sells for $0.25
(twenty five cents) a share so that you now
own 8,000 shares. What happens when the
company puts out good news and the stock
jumps (for example) just ten cents? Guess
what, you've just seen a return of over 40%! What
happens should that stock one day go up to
$1, or maybe over time $2? Your return just
went to 300% or 700% respectively. Try that
with a $84 dollar stock!
We're not saying that this is going to
happen to Nitro Petroleum, but it could. It
happens all the time with stocks that sell
for pennies. The lower priced the stock, the
less movement you need to make a huge
percentage return.
Nitro Petroleum, Inc. Projects
Barnett Shale Joint Venture:
The Barnett Shale field is the largest
natural gas play in the continental United
States producing 900 MMCF of
per day and
is considered one of the few domestic areas
with sizable, remaining resource potential.
Nitro Petroleum is seeking to fund the
development of a Barnett Shale Project in
which NITRO will obtain working interests
and become the operator of all existing and
future wells. This Barnett Shale project has
demonstrated successful drilling and
production record in the area. According to
an in-depth 2004 sector report on the Play
by Morgan Stanley, the Barnett Shale play is
estimated to hold reserves in non-core areas
as high as 150 BCF per 1,000 acres.
read more
Oklahoma Project:
Nitro Petroleum, Inc. has entered into
negotiations on three separate
and
projects in Oklahoma. The first lease, East
Mooreland is located in Section 28, Township
25 North, Range 17 East, Nowata County,
Oklahoma. Shows of Shows of Shows of
with some oil have
been found on nearby leases. Due to the fact
of a much lesser density of deeper wells in
the area, East Moreland should be tested. read
more |
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Triple Digit Oil Prices are Surging Past
Never Before Seen Record Highs! But prices
like that could benefit American
 and Gas
companies that explore, produce & sell the
!
Nitro has currently 9 wells in
production in the prolific area in Cooke
County, Texas! The Barnett Shale is the
largest natural gas play in Texas. It is
presently producing 900 MMCF of
per day
and is considered one of the largest U.S.
domestic natural gas plays with sizable,
remaining resource potential.
In 2007, Nitro acquired East & West
Mooreland & Farley Lease: There are 18
producing wells and 4 injection wells.
These wells are in the Bartlesville sand and
the life expectancy is generally over 70
years in this area.
In 2007, Nitro acquired the lease
operations of HoCo Oil Inc, which has been
in operation since 1985 and currently
have 7 wells in production. Nitro will
be the Operator of all of the
Leases.
NTRO has also acquired Buccaneer Energy
Inc. in 2008, which had varying interests in
the HoCo
leases. According to a recent
press release, this provides Nitro with
between 95% to 100% ownership by acquiring
Buccaneer Energy Corp. along with the
infield drilling site and the rework
programs on our existing production.
With the goal of seeking out and
developing opportunities in the Oil and
Natural Gas sectors that represent a low
risk opportunity, as well as, aiming to
define larger projects that can be developed
with Joint Venture partners, Nitro Petroleum
could represent an excellent opportunity for
investors looking to profit from the
explosive Oil & Gas industry!
News Just
Released
Nitro
Petroleum, Inc. Completes Crown Lease Project with
Toro Ventures Inc.!
read more |
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