Wall Street News Alert Featured Company: Nitro Petroleum, Inc. (NTRO.OB) Poised for Full Production in Oklahoma
President Larry Wise announced that Nitro Petroleum Inc, along with its partner Toro Ventures, Inc., completed the Crown Lease project located in Pottawatomie County, Oklahoma. Nitro Petroleum holds a 40% working interest in the Crown Lease project, while Toro Ventures Inc. maintains a 60% working interest. Although Toro has a larger interest, Nitro Petroleum will be the Operator of the project and will retain a working interest in all future production at the location. There is already an option to drill two new wells at the Crown Lease location. Rework projects still need to be performed at the Crown location.…