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SRSR looks very bullish, and IGNT looks like a ascending triangle. If IGNT gap up tomorrow, the trend will be positive and has a lot potential.
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NRTO very huge increase tomorrow! News leak after the bell, should see a very nice run tomorrow and will break resistance!
Nitro Petroleum Incorporated (OTC.BB:NTRO - News) is pleased to announce that it has completed its second major re-work of the Quinlan #2 well located in Pottawatomie County, Oklahoma. This well produces oil and gas from the Viola Lime, which is a primary producing formation in this field. This lease has been a constant producer.
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NTRO.OB 0.0370 -0.0028
{"s" : "ntro.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} Nitro is the Operator on this project. The re-work included replacing the down hole pump and tubing. The re-work was successful, as the well increased its daily output from 1 1/2 BBLS a day to between 12 to 14 BBLS a day, which would put this well averaging over 400 barrels a month, tripling the previous monthly average. Larry Wise, President of Nitro, commented, "These low cost rework programs will help Nitro achieve higher net production from its existing asset base for a relatively small investment, especially when compared to drilling a new 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 Venture partners. More information about the company is available at Oil and Gas Exploration Services.
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