Overview

Nitro Petroleum Inc. is a publicly traded energy company engaged in the acquisition and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out opportunities in the energy sector that represent low risk opportunities with significant upside, both independently and with joint venture partners.

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Investment Highlights

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Profile

With the markets tanking recently, many Companies are now trading at a significant discount, particularly oil & gas Companies as the price of crude oil has dropped over 20% in the last four weeks, making it the largest correction for the commodity since the major market meltdown that started in the fall of 2008. However, the previous meltdown was caused by a strong and long recession, while this time the drop is occurring at the same time that most of the world is in economic recovery mode and for the most part, economic prospects are a lot stronger than they were at that time.

However, the timing couldn't be better for our next Company spotlight. Oil prices jumped nearly 4 percent on May 26th, their biggest gain in over three months, as bargain-hunting lifted Wall Street and government data showed a big bounce in U.S. oil demand.

A cautious recovery in risk appetite aided oil along with U.S. stocks and other commodities as traders reckoned a weeks-long rout may have run its course, with positive sentiment and strong manufacturing data overshadowing a larger-than-expected rise in U.S. crude oil stockpiles.

"The concerns that European economies are at risk of a double dip appear to have receded, some of the selling appears to have been exhausted, and positive economic indicators are in the ascendant in relation to apparent deleveraging of risk by financial markets," JP Morgan analyst Lawrence Eagles said.

Oil & Gas Companies stock prices typically follow the price of crude quite closely, however this Company went against the tide and made significant gains during the meltdown over the last few weeks. The stock did however just drop earlier on in the week, as it was in the midst of a strong uptrend. The good news about this healthy drop in price is that it has corrected and has since been rebounding in price. With the price of crude starting to climb back up along with the general markets, it seemed like the perfect time to alert our investors to our latest U.S. Company spoltight, Nitro Petroleum, Inc. (OTCBB:NTRO).

Nitro Petroleum 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 several projects in Oklahoma, Montana and Alberta, Canada. Oklahoma for example, 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 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.

Oklahoma has a long history of Oil and Gas development that began in the early 1900’s and continued until the 1950’s. The original oil field in that state was developed only from the Upper Bartlesville sand at a depth of approximately 350 feet. Old test information indicates that overlying Squirrel sand at a depth of 200 feet was oil productive as was the underlying Lower Bartlesville Sand at a depth of 400 feet. Further, two underlying Roe Coal seams at a depth of about 500 feet, the Mississippi Chat at a depth of 750 feet, the Mississippi Proper at a depth of about 800 feet and the Arbuckle Lime at a depth of about 1100 feet have all tested gas productive in the immediate area of the Company's leases. However, during the earlier development of the field, no pipelines were viable for marketing the gas and thus it was not produced. Because of this method of development, a significant amount of oil and gas was left in the field and yet to be produced from other horizons. For that reason, there is an opportunity to purchase proven oil production from the re-working and re-equipping of the existing wells with substantial recoverable oil reserves.

As if the Company doesn't have a big enough foothold on Oklahoma, they recently announced that they have entered into purchase negotiations with multiple working interest participants for their ownerships in certain Oklahoma oil field assets. Nitro's management has had substantial prior history in the operation of these specific oil and gas properties and the Company views these negotiations as a unique opportunity to build reserves, increase cash flow and exploit potential remedial and new well expansions. Mr. Borem stated that, "Through these potential equity-based acquisitions we can profit from this proposal while at the same time enabling the present lease owners to participate in Nitro's stock as our Company continues to grow."

Other significant announcements that the Company has recently shared with their investors was that the Company has announced that they have received a progress report on the C well, which is the first well completed on the 2 well Central Alberta 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."

The biggest news of all looks like it just came out after the bell today as the Company just confirmed that they have received a reserve calculation of oil and natural gas estimated for the Big Horn project in the State of Montana. The reservoir engineering firm of Ramsey Property Management LLC of Oklahoma City were contracted by Nitro to evaluate the potential petroleum reserves. Ramsey has reported the following initial calculation indicators: 93,900 barrels of high gravity crude oil, 236,000,000 cubic feet of natural gas. Nitro petroleum maintains a 25% working interest in a 1600 acre lease. Drilling regulations provide for a possible ten well drilling program on this lease. James Borem advises that Nitro is currently in negotiation with potential JV partners to prospect the first well. The target reservoir is the Tensleep geology believed to lay at a 7300 foot depth.

This well will be featured as an exploration target although a Lodge Grass offset drilled one half section to the east has produced in excess of 286,000 barrels and continues to produce approximately 40 barrels per day without stimulation. Nitro's President comments that this is an exceptional opportunity for a Junior Resource Company to access a potential oil and gas property in a highly competitive market for primary locations.

Going back to discussing NTRO from a technical perspective, a technical video chart has been prepared to describe what is currently happening with NTRO's stock chart. As we previously mentioned, NTRO has been enjoying a nice uptrend for several months and has just corrected along with the rest of the market but over the last two days has been treading higher. We had 123LearnToTrade.com prepare a video chart on NTRO to discuss what they see possibly developing for NTRO in the days and weeks to come, his video chart can be viewed here. It was an interesting review and the technical prospects do appear promising from this evaluation.

That being said, as always, these are only 123LearnToTrade.com and our interpretations of NTRO's chart, we strive to give you all the information we can and always encourage our investors to do their own due diligence and consult with a financial advisor before making any trading decisions.

This Company is pumping out oil and gas in several of their projects and significant revenues are more than likely also going to come pouring in as new advances in each project take hold. Below is a complete rundown of all of the Company's projects and some significant information for each of them. With the Company entrenched in so many projects with many of them yielding strong results, it is no wonder that the Company's stock price has been on the increase over the last few months. The recent pullback in the Company's stock price as well as the price of crude have made NTRO more attractive as it currently sits at a discount to even last week's prices.

The Company owns several major Oil & Gas projects that are yielding strong results, but yet the Company is only trading at less than a $2 Million market cap with a price of less than $0.02 a share. The technical and fundamental aspects are both strong for the Company, and the strong news after the bell could serve as a major catalyst over the next few days as investors digest the good news. As such, AllPennyStocks.com decided to spotlight Nitro Petroleum Inc. (OTCBB:NTRO) as our latest U.S. Company spotlight and we encourage our investors to conduct their own due diligence on the Company and watch trading in the company closely for the next few days.

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Company Projects

With the acquisition of Hoco Oil Company in Oklahoma, the Company picked up total developed reserves from the Company's property of approximately $20 million. Along also came numerous new well locations for developmental drilling.

The Company's Barnett Shale project, which is operated by Reo Star Energy Corp. has $900,000 in acreage and working interests in existing wells.

As for the Company's Powder River Basin in Montana, there is currently an 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 Barrels of oil per day.

The West & East Mooreland and the Farley projects in Oklahoma are alos owned by the Company. These wells are currently being re-worked and have plans for testing. The Company will be re-working 3 wells on the Crown Lease, Oklahoma.

The Company also has a working interest in two gas wells in the Bigoray area of West Central Alberta. These two wells are capped re-completion wells in an area with proven production. These wells are projected to produce approximately 570,000 cubic feet of natural gas per day or approximately 100 barrels of oil equivalent per day. Larry Wise, President of Nitro, stated, "This two well program provides Nitro another significant asset to our rapidly expanding portfolio of oil and gas assets in Central Alberta. We believe that it is time to be aggressive in our acquisition of these low risk production programs."

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Recent News and Press Releases

Petroleum Reserves Compiled for Nitro's Montana Big Horn Prospect
Marketwire (Wed, May 26)

Nitro Petroleum Inc. Announces Mason Burns Well Update Oklahoma
Marketwire (Wed, May 19)

Nitro Petroleum Inc. Completes Stimulation Program: Oklahoma
Marketwire (Mon, May 17)

Nitro Petroleum Inc. Prepares for Rework on Ward-McNeil Well Oklahoma
Marketwire (Fri, May 14)

Oklahoma Expansion in Nitro Petroleum's Sights
Marketwire (Tue, Dec 22)

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Management

James Borem - President and CFO

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.

Larry Wise - Direct and Head of Field Operations

Larry Wise worked as a Junior Field Engineer with Phillips 66 Petroleum Company 1977-1979. From 1979-1982 he worked for Jerry Scott Company as Completion Superintendent overseeing 14 drilling rigs and over 300 producing properties; 1982-1988 with JOMC Oil Co; 1988-1993 with Texas United Petroleum and 1993-1999 with Pottawatomie County Energy serving as President, Fund Raiser and Chief Operating Officer for all three companies. From 1999 through to 2006 he operated Wise Oil and Gas Company, LLC and served as an independent Engineering Consultant responsible for all operations of Morris E. Stewart Oil Company, OKC, Ok., Kirrie Oil Company, OKC, Ok., HoCo, Inc. Oil Company, Wichita Falls, TX., and Buccaneer Energy Corporation, Tampa Bay, FL

Bill Thomas - Director

Mr. Thomas has 25 years of experience in oil and gas exploration and drilling. Bill has served as executive VP of Santa Fe Natural Resources & Durango Pipeline, LLC of Midland, TX, VP of Maynard Oil in Dallas, and President of Safari Exploration, also in Dallas. He has also advised numerous E&P companies in both Texas and Oklahoma, including Patina Oil & Gas (where he was retained directly by the chairman) COSCO Capital, Forest Oil, Cordillera Energy and Blue Star Oil & Gas, among many others. His extensive experience in the field, includes production manager and operations superintendent. He studied at Oklahoma State University School of Engineering, is a certified well supervisor, and received a perfect score on his certification exam. He received his BOP and H2S certifications in 2000.

Gunther J. Weisbrich - Board of Directors

Mr. Weisbrich graduated with a Master's in Geology from Boston College and a Bachelor of Science-Geology at Susquehanna University in Selinsgrove, Pennsylvania. Mr. Weisbrich was a Production Geologist with Exxon Company, USA in Louisiana and a Senior Exploration Geologist with Hunt Oil Company Dallas, Texas. Gunther was also a Senior International Exploration Geologist for Yemen Hunt Oil Company/ Jannah Hunt Oil Company. Exploration successes included the discovery and appraisal of the following fields: Al Nasr (120 MMBO), Dhahab (40 MMBO), Jabal Habah (241 BCFG), Wadi Bana (80 BCFG and 16 MMBO). Mr. Weisbrich received BEST POSTER AWARD at the 1994 Mexico City, Joint AAPG/AMPG research conference.

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Contact

Corporate Contact:

Nitro Petroleum, Inc.
Telephone: (888) 805-NTRO
624 W. Independence, Suite 260
Shawnee, OK 74804

Email: info@nitropetroleum.com

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FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Nitro Petroleum, Inc. current expectations about its future results, performance, prospects and opportunities. Nitro Petroleum, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Nitro Petroleum, Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Nitro Petroleum, Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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