NITRO PETROLEUM INC. Files SEC form 8-K/A, Change in Directors or Principal Officers

Show all filings for NITRO PETROLEUM INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for NITRO PETROLEUM INC. 19-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purpose...
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Nitro Petroleum Appoints New President

OKLAHOMA CITY, OKLAHOMA--(Marketwire - 10/07/09) - Nitro Petroleum Incorporated (OTC.BB:NTRO - News) - The Nitro Petroleum Board of Directors has announced that effective October 1, 2009, Larry Wise has resigned as President of Nitro Petroleum Inc. The Company wishes to thank Larry for his hard work and dedication and to wish him success in his future endeavors.The Nitro board is pleased to advise that Mr. James G. Borem of Tulsa, Oklahoma has been appointed as President and Interim Chief Financial Officer. James Borem has a most impressive forty year history in the administration sectors of the petroleum industry. His arena of experience includes, petroleum valuations and development, financing, budgeting, marketing, materials procurement and risk management.A summary of Mr. Borem's employment includes senior management positions with Sun Oil, Eastern Pipeline Company, Andover Oil Company, Vintage Petroleum, Latex Resources, Double Eagle Petroleum and Comanche Energy.Mr. Borem is at present the President of two private oil and gas service and production companies in Oklahoma. His vast background in oil and gas administration and finance will instill a substantial asset to the management structure of Nitro.Jim Borem comments that the company initiatives will focus on current and capital funding, and a critical review of the existing operations. In addition, he stated that within their organization, they have access to and will pursue several development and acquisition opportunities.Nitro current...
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NITRO PETROLEUM INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for NITRO PETROLEUM INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NITRO PETROLEUM INC. 6-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...
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NITRO PETROLEUM INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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NITRO PETROLEUM INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATION Overview The following discussion and analysis is intended to help the reader understand our business, financial condition, results of operations, liquidity and capital resources. This discussion and analysis should be read in conjunction with our financial statements and the accompanying notes included in this report, as well as our audited financial statements and the accompanying notes included in our annual report on Form 10-K for the year ended January 31, 2009 (the "2008 Form 10-K"). The following discussion contains forward-looking statements that are dependent upon events, risks and uncertainties that may be outside our control. Our actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, market prices for natural gas and crude oil, economic and competitive conditions, regulatory changes, estimates of proved reserves, potential failure to achieve production from development projects, capital expenditures and other uncertainties, as well as those factors discussed below and elsewhere in this report and in our Form 10-K, all of which are difficult to predict. In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. The financial information with respect to the six month periods ended July 31, 2009 and July 31, 2008 that is discussed below is unaudited. In the opinion of management, this information contains all adjustments, consisting only of normal recurring accruals, necessary to state fairly the unaudited financial statements. The results of operations for the interim periods are not necessarily indicative of the results of operations for the full fiscal year. The Company intends to continue to acquire high quality oil and gas properties, primarily "proved producing and proved undeveloped reserves&...
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NITRO PETROLEUM INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for NITRO PETROLEUM INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NITRO PETROLEUM INC. 17-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes ...
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Nitro Petroleum Inc. Receives Encouraging Results on West Central Alberta Project

OKLAHOMA CITY, OKLAHOMA--(Marketwire - 08/25/09) - Nitro Petroleum Incorporated (OTC.BB:NTRO - News) is pleased to announce that it has received a progress report on the C well, which is the first well completed on this 2 well project. The area this discovery well is located in has been previously known for high pressure gas but the Operator reports that this well has intersected an oil zone. This oil zone is free flowing at a rate of 40 bbl/day and 320mcf gas. The well has produced over 850 bbls of oil and over 10 million cubic feet of natural gas during the 30 day production test. The operator believes this test has been flowing at 60% capacity.There are 10 additional targets in this area that the company can participate in. The Company has entered into this investment by way of a Limited Partnership agreement. Larry Wise, President of Nitro, commented, "This is a significant discovery well on our first project in Alberta and the company is extremely encouraged by these initial results and the prospect of further participation in additional wells."About Nitro Petroleum: Nitro Petroleum Incorporated is an independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the company is...
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Nitro Petroleum Inc. Receives Recommendation on East & West Moreland Project

OKLAHOMA CITY, OKLAHOMA--(Marketwire - 08/21/09) - Nitro Petroleum Incorporated (OTC.BB:NTRO - News) is pleased to announce that the Company's Engineer and Chief Geologist have submitted a conclusive work over report on the East and West Moreland Project. There are a total of 21 equipment wells with two permitted SWD (Salt Water Disposal) wells on these leases. The Company has over 15 Well Bores that can be put on line. Nitro plans on injecting water into these zones to enhance secondary recovery. Larry Wise, President of Nitro commented, "This is another low cost rework program that will help Nitro achieve higher net production from its existing asset base for a relatively small investment."About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at www.nitropetroleuminc.com.Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 und...
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Nitro Petroleum Inc. Announces Re-Work of Mason Burns and Teresa Well in Oklahoma

OKLAHOMA CITY, OKLAHOMA--(Marketwire - 08/20/09) - Nitro Petroleum (OTC.BB:NTRO - News) announces today that the Company is in the process of remedial upgrades for Mason Burns # 2 and the Teresa # 1 wells. Nitro Petroleum is the operator on these two wells which are located in Garvin County, Oklahoma. The Teresa well has now produced in excess of 5,000 barrels of oil and 44,000 MCF of natural gas from the Viola Limestone. The Viola will be acid injected to stimulate this production area. This is an industry standard rework procedure for the Viola Formation. The Company expects a rapid recovery of oil and gas flow following the acid flush. Mason Burns # 2 is also on the remedial program. The well currently produces from the Bromide Sand Sequence and a remedial entry to flush and stimulate the zone is common with this formation. Nitro's geologist has identified a substantial Viola Limestone formation that lies behind pipe. Upon the ultimate depletion of the Bromide, the Company will re-enter, perforate and fracture the Viola. The Company expects this to extend our production for several years from this well.About Nitro Petroleum: Nitro Petroleum Incorporated is an independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Ventu...
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Nitro Petroleum Incorporated Announces Major Re-Work of Hoco Oil Project in Okalahoma

OKLAHOMA CITY, OKLAHOMA--(Marketwire - 08/10/09) - Nitro Petroleum Incorporated (OTC.BB:NTRO - News) is pleased to announce that it has received a Well Status Report from its engineering geologist related to Hoco Oil Project in Oklahoma. This project has several wells and Nitro Petroleum is the Operator on this entire project. The Report includes the following recommendations on the first three wells: Ward/McNeil Well:This well produces oil and gas from the Viola Lime formation. The Company will pump 2500 gallons of acid and flush this well with 1000 barrels of fresh water. This should increase production by several barrels a day for a nominal cost.Mason Burns Well:This well produces from the Bromide Sand. This well will be cleaned out and treated and is open for approximately 100 feet. This well also has production potential from the Viola Limestone formation, which is behind pipe and is a proven pay zone in this area of Oklahoma. Nitro is planning a large frac to penetrate this pay zone.Teresa Well:This well produces oil from the Viola Lime Formation. The Company plans on performing a major clean up and an acid frac on this well.Larry Wise, President of Nitro Petroleum stated, " After these work overs are completed, we expect that Nitro will experience a significant increase in production from this project. This program should also provide higher net revunue to the company especially in light of oil prices increasing over the last two months".About Nitro Petroleum: Nitro Petroleum...
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