WESTON, FL , ConocoPhillips (NYSE: COP), Barrier Therapeutics,
Inc. (NASDAQ: BTRX) and Corn Products International, Inc. (NYSE:
CPO).
Nitro Petroleum, Inc. (OTCBB: NTRO) continues to make progress,
and the company should be a "must see" for investors looking to
possibly benefit from the U.S. Oil & Gas industry. Yesterday
after the markets closed, the company issued a press release
announcing that the Quinlan #3 has been completed in the Hunton
Limestone, June 12, 2008.
This is good news for the company! The press release states:
Tubing, rods and down hole pump were installed on June 13, 2008.
Due to severe weather the Pumping Unit was installed on June 18th,
2008. The Quinlan #3 well officially went on line the same day June
18th at 3:45 PM Central Time. The well has to pump out the Frac
water before we start recovering the Oil and Gas production which
we will report shortly. The Quinlan #3 well encountered three
productive pay zones, the Viola, Limestone and the Simpson
Dolomite, of which we tested June 9, 2008 and found an 8 to 10% oil
cut in the Simpson Dolomite with 2,000 BBLS of salt water per day.
This data is very important as we are drilling our Quinlan #4 and
future wells. We still have over 1400 barrels of Frac water to
recover. As of Sunday June 22nd the company reports the water has
started to "Colour Up" showing Oil & Gas.
Investors are urged to continue to monitor the progress of the
company! This month the company had reported that the Drilling
Contractor Jerry Scott Drilling LLC. had moved on to the second
well location. According to that press release, the Quinlan #4 well
has five potential pay zones: the Misener Sandstone, Hunton
Limestone, Viola Limestone, Simpson Dolomite and the first Wilcox
Sand.
The stock closed Monday at Twenty Nine cents a share.
For Wall Street News Alert's in-depth profile of Nitro
Petroleum, Inc., visit
http://www.WallStreetNewsAlert.com/HotStocks/NTRO062308/default.aspx
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ConocoPhillips (NYSE: COP) up 3% on 11.7 million shares traded.
ConocoPhillips is an integrated petroleum company with interests
around the world.
Barrier Therapeutics, Inc. (NASDAQ: BTRX) up 128.9% on 7.6
million shares traded. Barrier Therapeutics is a pharmaceutical
company focused on the development and commercialization of
products in the field of dermatology.
Corn Products International, Inc. (NYSE: CPO) up 18.3% on 15.8
million shares traded. Corn Products International is one of the
world's largest corn refiners and a major supplier of high-quality
food ingredients and industrial products derived from the wet
milling and processing of corn and other starch-based
materials.
Market Commentary:
"There is little economic data to look forward to, and investors
are focused on the price of oil and the Fed's two-day meeting. Most
investors expect the Fed to keep its key federal funds rate on
hold, and in its economic statement, emphasize the rising threat of
inflation," stated Sonja Rudd in Wall Street News Alert's daily
commentary continued at: http://www.WallStreetNewsAlert.com.
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