Feb. 2, 2009 (Baystreet.ca) --
DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Oil and Gas/Energy Stocks: Nitro Petroleum Inc. (OTCBB: NTRO), Diamond Offshore Drilling Inc. (NYSE: DO), Petroleo Brasilero (NYSE: PBR), Transocean Ltd. (NYSE: RIG), Rex Energy Corp. (Nasdaq: REXX) and CONSOL Energy Inc. (NYSE: CNX). In the Trade Alert, the author highlights Nitro Petroleum’s agreement with REDS LLC to acquire oil and gas leases from REDS: “Nitro Petroleum Inc. (NTRO) shares surged 12.24% to 5 cents Monday. Nitro Petroleum operates as a natural gas and crude oil company, focusing on exploration, development and production in the United States. … The company recently announced it has entered into an agreement with REDS LLC pursuant to which Nitro Petroleum will acquire oil and gas leases from REDS covering 1,600 acres in Montana and will have two additional options to acquire an additional 1,600 acres per option from REDS. … Pursuant to the agreement, Nitro Petroleum will own 100% of the coal, coal bed methane and oil and natural gas rights to the acreage being acquired and will pay a 20% net royalty on production. Nitro Petroleum will acquire leases covering the initial 1,600 acres and drill 10 wells on such acreage. As consideration for assignment of leases covering the 1,600 acres that will be drilled in phase one, Nitro Petroleum will pay REDS a $75,000 bonus.” The Trade Alert author also featured Diamond Offshore Drilling’s announcement to host a conference call and Web cast February 5, 2009:
“Diamond Offshore Drilling Inc. (DO) shares slipped 1.40% to $61.88 Monday. Diamond Offshore operates as an offshore oil and gas drilling contractor worldwide. … The company recently announced it will issue a press release and host a conference call and Web cast related to its fourth-quarter and year-end 2008 operating results Thursday, February 5, 2009, at 9:00 a.m. CST. The conference call and Web cast will include a discussion by management regarding the company’s results of operation, as well as an operating overview.”
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