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Follow on Google News | Stock Reports From Crwe Wallstreet! Ntro.ob, Bp, Eca, Ifue, AnrNitro Petroleum Inc., (OTCBB- NTRO.OB) NTRO is an energy company engaged in the acquisition and development of oil and natural gas properties in the United States and Canada.
By: Lynn Lansky NTRO’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. ** NTRO reported that the engineering and economic feasibility study for the Mason Burns lease is now complete. NTRO, the operator on this property, will perform a remedial fracture (Frac) in the Viola Limestone formation. The Mason Burns well is presently producing from the upper and lower intervals of the First Bromide formation generating excellent production recoveries. However, the company will be ready when the First Bromide enters its secondary stage of production and it is incumbent that the new zone be explored and tested. The Viola Limestone is an extremely prolific reservoir in production. With the spill in the Gulf of Mexico not even close to being contained, it brings up the question of how safe offshore drilling is compared to land drilling. Technology has increased to the point of being able to drill deeper and deeper into the ocean but, has not increased enough to know how to stop a catastrophic disaster like the one happening in the Gulf of Mexico. More about NTRO at www.nitropetroleuminc.com. BP Chief Executive Tony Hayward admitted Monday that he had underestimated the possible environmental impact of the massive oil spill in the Gulf of Mexico. After inspecting oil-soaked Fourchon Beach earlier in the day, Hayward told journalists that he was "devastated" Hayward, who had said in an earlier interview with British media that the environmental impact of the spill would likely be "very, very modest," now admitted that the shoreline had not been very well defended in this unprecedented accident. Encana Corporation (TSX & NYSE- ECA) Encana Coporation over the past two years has assembled a significant land position on a promising new natural gas shale play in Michigan. The company’s first exploration well delivered encouraging test results. Encana has acquired about 250,000 net acres of land on the Collingwood shale play at an average cost of about $150 per acre, which is well below prices paid at the state’s most recent land sale earlier this week. International Fuel Technology, Inc. (IFT) announced recently that Lubrichim, in conjunction with Taiwan-based KFAS International Co. Ltd. (KFAS), will begin marketing and distributing DiesoLIFTTM 10 and GasoLIFTTM 10 under the brand names AutoPlus 3001 and AutoPlus 3002, respectively. KFAS will market and distribute the products in Taiwan, Indonesia, Malaysia, Vietnam and the Philippines. Lubrichim has been purchasing IFT additive formulations since 2007 for repacking and distribution under the AutoPlus brand name. Lubrichim has also been pursuing partnerships with other distribution companies to expand distribution of IFT fuel additive formulations through the AutoPlus brand name. Alpha Natural Resources, Inc. , a leading U.S. coal producer, announced the re-election of ten members of its board of directors at the company's annual meeting of stockholders held in Abingdon today. Additionally, KPMG LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending Dec. 31, 2010. Stockholders also approved the company's 2010 Long-Term Incentive Plan. ************************************************************ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!Disclaimer: End
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