Last $0.22 USD
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As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

nitro petroleum inc (NTRO) Snapshot

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02/18/14 - $0.54
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05/13/14 - $0.03
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nitro petroleum inc (NTRO) Details

Nitro Petroleum Incorporated acquires, develops, produces, explores for, and sells oil, gas, and natural gas liquids. It owns interests in various oil and gas leases situated in Garvin and Seminole counties in Oklahoma; and holds interests in mineral leases in Montague County, Texas. The company was formerly known as Ingenium Capital Corp. and changed its name to Nitro Petroleum Incorporated in February 2006. Nitro Petroleum Incorporated was incorporated in 2003 and is based in Shawnee, Oklahoma. As of December 18, 2014, Nitro Petroleum, Inc. operates as a subsidiary of Core Resource Management, Inc.

nitro petroleum inc (NTRO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

nitro petroleum inc (NTRO) Key Developments

Nitro Petroleum, Inc. announced delayed 10-Q filing

On 12/16/2014, Nitro Petroleum, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Nitro Petroleum, Inc. Announces Management Changes

Core Resource Management, Inc. and Nitro Petroleum, Inc. announced that the two companies, together with Core Resource Management Holding Co. have entered into an Agreement and Plan of Merger. CRMI-H will merge with and into Nitro, with Nitro becoming a wholly-owned subsidiary of Core. The Board of Directors of Core and Nitro determined that it is in the best interests of both companies that Mr. Jim Borem and Mr. Larry Wise will remain on as active management to utilize their skill sets within the oil industry. Together the two boast over Seventy Five Years of industry experience and successful property management. Mr. Jim Borem, Nitro's present Chief Executive Officer, will continue to serve in that capacity and as Chairman of the Board of Directors of Nitro to facilitate the merger. Post-Merger, Mr. Borem will resign as Chairman of the Board of Directors of Nitro, and immediately commence serving as a Chief Operating Officer of Core Resource Management, Inc. Mr. Borem entered into a two year employment agreement with Core to serve in such capacity. Mr. James Clark, Core's present Chief Executive Officer will continue to serve in that capacity post-merger. Following the Merger, it is planned that Mr. Wise will become the Executive of Field Operations to Core with responsibility to oversee the Company's operations and planned acquisitions. Mr. Phillip Nuciola III, will remain Chairman of the Board of Core, providing both his wealth of banking experience, capital market expertise, and management success to lead the combined companies into the future.

Nitro Petroleum, Inc. Announces Resignation of James C. Lanshe as Chairman of the Board and Director

On June 22, 2014, James C. Lanshe resigned as Chairman of the Board and as a Director of Nitro Petroleum, Inc., effective immediately.


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