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Business Summary and Article: NTRO
Free Level 2 Stock Quotes Business Summary: NTRO
Nitro Petroleum Incorporated, a development stage company, engages in the acquisition and exploration of gas and oil properties located in the United States. It has interest in East Moreland, West Moreland, and Farley leases located in Nowata County, Oklahoma, as well as 10% working interest in four wells and 5% working interest in two wells located in Barnett Shale Prospect, Montague County, Texas. The company, formerly known as Ingenium Capital Corp., was founded in 2003 and changed its name to Nitro Petroleum Incorporated in 2006. Nitro Petroleum Incorporated is based in Oklahoma City, Oklahoma.

Article: More on NTRO
Can NTRO be like some of the other oil alerts I have done recently? FXPE went up 102% in less than 2 months after my alert. Even more recently FNAT up 80% in 3 days!

NTRO could definitely be next in line, so make sure you add it to your watch list and always do your own research.

The last time NTRO doubled it took less than 1 month, I believe it could happen again with oil pushing new highs.

Oil is a huge industry and NTRO knows it!

The U.S. alone was consuming about 20.7 million barrels of petroleum per day, roughly 25% of the world total in 2004.

NTRO's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. 

NTRO intends to exploit energy exploration opportunities through various partnerships available throughout the Southern United States and in doing so build significant Oil and Natural Gas reserves and capital appreciation to its shareholders. 

NTRO has interest in East Moreland, West Moreland, and Farley leases located in Nowata County, Oklahoma, as well as 10% working interest in four wells and 5% working interest in two wells located in Barnett Shale Prospect, Montague County, Texas.

World oil consumption is expected to grow by 1.3 million bbl/d in both 2008 and 2009!

It has been said that total U.S. marketed natural gas production is expected to increase by 2.9 percent in 2008 and by 0.3 percent in 2009!

According to the Annual Energy Outlook 2006 reference case, total natural gas consumption will increase to 26.9 trillion cubic feet in 2030!

NTRO realizes that as our population increases, so will the demand for oil and gas. 

The United Nations has projected that the number of people in the world will be over 9 billion by 2050!

The Barnett Shale field is the largest natural gas play in the continental United States producing 900 MMCF of gas 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 NTRO 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.

The Barnett Shale Project currently covers 7,000 mineral acres located predominately in northeastern Montague and southwestern Cooke counties. Both locations are within an area that third party geologists have determined to be highly productive with 600’ to 1500’ of reservoir thickness. Reservoir thickness, for what is considered to be the core area to the south and has produced enormous amounts of gas, is notably less at approximately 300’.

NTRO has also has entered into negotiations on three separate oil and gas projects in Oklahoma. The first lease, East Mooreland is located in Section 28, Township 25 North, Range 17 East, Nowata County, Oklahoma. Shows of gas 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

NTRO has acquired a 25% working interest in several leases owned by HOCO Oil, Inc., a private corporation.

The leases are located in the State of Oklahoma and include 7 producing wells. 

NTRO President and CEO Larry Wise stated, "The lease acquisitions offer an opportunity to participate in a number of offset development wells. In addition, remedial work will be carried out immediately on existing wells for production enhancement. A water flood program will commence for reservoir stimulation to further increase recovery on existing and future wells." Nitro Petroleum, Inc. is the operator on the acquired leases. Net cash flow from production will enable Nitro to join in the future development of these leases and to pursue other oil and gas opportunities.

More information on NTRO is available at their website at:
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