Toro Ventures, Inc. (TORO.OB) Signs Letter of Intent on the Crown Oil and Gas Lease
Toro, a publicly traded, growth-oriented oil and gas exploration company, executed a turnkey agreement with Nitro Petroleum, Inc., a natural resource company engaged in the development and re-development of oil and gas fields in the United States, on the Crown Oil and Gas Lease in Pottowatomie Country, Oklahoma. The agreement provides that Toro obtains a 60% working interest in the Crown Oil and Gas leases. The Lease will drill two new wells on the Crown Lease as a completely functional oil and gas production. President and CEO of Toro, Frederick Graham said, “The Crown Oil and Gas lease provides the…