Having recently announced that they have completed the purchase of
Buccaneer Energy Corp. oil assets, Nitro Petroleum, Inc. (OTCBB: NTRO)
should have the attention investors. Monday after the markets closed, the
company issued a press release announcing that the Company has completed
the Crown Lease project. This oilfield development project is located in
Pottawatomie County, Oklahoma.
This is great news for the company! Nitro will carry out remedial reworks
on Crown #1 and #3. The wells will be re-entered and re-equipped in the
Hunton, Lime and 1st Wilcox Sand. A third well will be converted into a
salt water disposal well. In addition the rework program is to include
installing tank battery systems, electrification, and lying of pipelines
and all necessary equipment to put the wells back in production.
The company has the availability to drill two new wells on the Crown Lease.
Nitro will have a working interest in all future production. Nitro will be
the Operator of this project.
As a result of the farm in by Toro Ventures, Inc., Nitro will earn varying
working interests in the existing well bores and future offset wells to be
drilled. Cash flow from this partnership will enable Nitro to pursue
additional Oil & Gas projects.
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industry throughout the lifecycle of the reservoir -- from locating
hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction and completion, and optimizing production
through the life of the field.
The advertisement is provided by Wall Street Enews, a division of Stock
Market Alerts LLC, an electronic broadcaster and publisher of this release,
and hereafter referred to as "the company." The company has not received
compensation for services performed for Nitro Petroleum, Inc. (OTCBB: NTRO). However, the company maintains a contractual, working relationship
with Wall Street Capital Funding, which has been compensated Thirty Six
Thousand Dollars for services performed for Nitro Petroleum, Inc., by third
party, TI Consulting Inc., who is non-affiliated and may hold a significant
position in the stock, for services provided including dissemination of
company information in this release. WSCF holds no shares of the stock.
Because compensation was received for services, there is an inherent
conflict of interest in the company statements and opinions and such
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