UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


|X| Quarterly Report Pursuant To Section 13 or 15(d) Of The Securities Exchange
    Act Of 1934


                  For the quarterly period ended April 30, 2006


|_| Transition Report Under Section 13 or 15(d) Of The Securities Exchange Act
    Of 1934


                  For the transition period from _____ to _____


                        COMMISSION FILE NUMBER 000-50932


                          NITRO PETROLEUM INCORPORATED
                 ----------------------------------------------
                 (Name of small business issuer in its charter)

                      NEVADA                                  98-0488493
----------------------------------------------------   -------------------------
 (State or other jurisdiction of incorporation or        (I.R.S. Employer
                   organization)                          Identification No.)

            123 Christie Mountain Lane
Okanagan Falls, British Columbia, Canada                       V0H 1R0
----------------------------------------------------   -------------------------
     (Address of principal executive offices)                (Zip Code)


                   250-809-9185
----------------------------------------------------
             Issuer's telephone number

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No |_|


Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |_| ______ No |X|


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.  29,608,000 shares of Common Stock as
of June 5, 2005


Transitional Small Business Disclosure Format (check one): Yes |_|     No |X|


<page>


ITEM 1. FINANCIAL STATEMENTS


<page>


                              NITRO PETROLEUM INC.

                        (formerly Ingenium Capital Corp.)

                         (An Exploration Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                 April 30, 2006

                             (Stated in US Dollars)

                                   (Unaudited)

<page>


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
                             INTERIM BALANCE SHEETS
                       April 30, 2006 and January 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


<table>
<caption>
                                                                                 April 30,           January 31,
                                                     ASSETS                        2006                 2006
                                                     ------                        ----                 ----

                                                                         <c>                  <c>
Current
    Cash                                                                    $          506,143   $           33,645

Oil and gas properties - Schedule 2                                                  1,610,000              390,000
                                                                            ------------------   ------------------

                                                                            $        2,116,143   $          423,645
                                                                            ==================   ==================

                                                     LIABILITIES

Current
    Accounts payable and accrued liabilities                                $           54,839   $           60,030
    Promissory notes payable                                                         2,254,285              424,581
    Due to related party - Note 4                                                        4,633                4,633
                                                                            ------------------   ------------------

                                                                                     2,313,757              489,244
                                                                            ------------------   ------------------

                                               STOCKHOLDERS' DEFICIENCY

Capital stock
    Authorized:
           400,000,000  common stock, $0.001 par value
            10,000,000  preferred stock, $0.001 par value
    Issued and outstanding:
            29,608,000  common shares (January 31, 2006: 29,608,000)                    29,608               29,608
Additional paid-in capital                                                              62,592               62,592
Deficit accumulated during the exploration stage                                      (289,814)            (157,799)
                                                                            ------------------   ------------------

                                                                                      (197,614)             (65,599)
                                                                            ------------------   ------------------

                                                                            $        2,116,143   $          423,645
                                                                            ==================   ==================
</table>



                             SEE ACCOMPANYING NOTES

<page>


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
               for the three months ended April 30, 2006 and 2005
   and for the period October 27, 2003 (Date of Inception) to April 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


<table>
<caption>
                                                                                                       October 27, 2003
                                                                                                           (Date of
                                                                       Three months ended               Inception) to
                                                                           April 30,                      April 30,
                                                            -----------------------------------------
                                                                    2006                2005                 2006
                                                                    ----                ----                 ----
    
                                                     <c>                  <c>                 <c>
    Expenses
        Accounting and audit fees                           $           28,170   $            2,149  $           55,176
        Bank charges and interests                                      20,024                   34              20,219
        Management fees - Note 4                                         7,265                1,500              16,765
        Filing fees                                                          -                    -               6,112
        Foreign exchange                                                   231                    -                 231
        Legal fees                                                      51,298                1,218             126,317
        Office and miscellaneous                                           138                    -               3,115
        Investor relation fees                                          14,611                    -              14,611
        Transfer agent fees                                                643                  120               4,223
        Travel                                                          13,265                    -              13,265
                                                            ------------------   ------------------  ------------------

     Loss before other item                                           (135,645)              (5,021)           (260,034)

     Other Item
        Interest income                                                  3,630                    -               3,652
                                                            ------------------   ------------------  ------------------

     Loss for the period from continuing
      operations                                                      (132,015)              (5,021)           (256,382)

     Discontinued operations - Schedule 1                                    -               (5,438)            (33,432)
                                                            ------------------   ------------------  ------------------

     Net loss for the period                                $         (132,015)  $          (10,459) $         (289,814)
                                                            ==================   ==================  ==================

     Basic and diluted loss per share                       $            (0.00)  $            (0.00)
                                                            ==================   ==================

    Weighted average number of shares outstanding                   29,608,000           29,608,000
                                                            ==================   ==================
</table>



                             SEE ACCOMPANYING NOTES


<page>


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
               for the three months ended April 30, 2006 and 2005
   and for the period October 27, 2003 (Date of Inception) to April 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


<table>
<caption>
                                                                                                         October 27, 2003
                                                                                                             (Date of
                                                                        Three months ended                Inception) to
                                                                             April 30,                      April 30,
                                                                     2006                 2005                 2006
                                                                     ----                 ----                 ----

                                                          <c>                  <c>                  <c>
Operating Activities
    Net loss for the period from continuing operations       $         (132,015)  $           (5,021)  $          (256,382)
    Change in non-cash working capital balance
     related to  operations
      Accounts payable and accrued liabilities                           (5,191)               2,318                54,839
                                                             ------------------   ------------------   -------------------

Cash used in operating activities                                      (137,206)              (2,703)             (201,543)
                                                             ------------------   ------------------   -------------------

Investing Activities
    Advances to affiliate                                                     -               (4,009)              (33,432)
    Acquisition of oil and gas properties                            (1,220,000)                   -            (1,610,000)
                                                             ------------------   ------------------   -------------------

Cash used in investing activities                                    (1,220,000)              (4,009)           (1,643,432)
                                                             ------------------   ------------------   -------------------

Financing Activities
    Issuance of common stock                                                  -                    -                92,200
    Issuance of promissory notes payable                              1,829,704                                  2,254,285
    Due to related party                                                      -                1,415                 4,633
                                                             ------------------   ------------------   -------------------

Cash from financing activities                                        1,829,704                1,415             2,351,118
                                                             ------------------   ------------------   -------------------

Increase (decrease) in cash from continuing
 operations                                                             472,498               (5,297)              506,143

Decrease in cash from discontinued operations
 - Note 3                                                                     -               (1,171)                    -
                                                             ------------------   ------------------   -------------------

Increase (decrease) in cash during the period                           472,498               (6,468)              506,143

Cash, beginning of the period                                            33,645               22,554                     -
                                                             ------------------   ------------------   -------------------

Cash, end of the period                                      $          506,143   $           16,086   $           506,143
                                                             ==================   ==================   ===================
</table>


                             SEE ACCOMPANYING NOTES


<page>


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
             INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
           from October 27, 2003 (Date of Inception) to April 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)



<table>
<caption>
                                                                                                      Cumulative
                                                                                       Deficit          Effect
                                                                                     Accumulated      of Foreign
                                                                      Additional     During the        Currency
                                              Common Shares            Paid-in       Exploration      Translation
                                      ------------------------------
                                         *Number      *Par Value       Capital          Stage         Adjustment          Total
                                          ------       ---------       -------          -----         ----------          -----

                                   <c>           <c>             <c>            <c>             <c>               <c>
Capital stock issued for cash:
                       - at $0.001       20,000,000 $       20,000  $      (15,000)$            -  $             -   $     5,000
                       - at $0.01         6,800,000          6,800          10,200              -                -        17,000
                       - at $0.10         2,808,000          2,808          67,392              -                -        70,200
Net loss for the period                           -              -               -        (17,045)               -       (17,045)
Foreign currency translation
 adjustment                                       -              -               -              -              277           277
                                      ------------- --------------  -------------- --------------  ---------------   ------------

Balance, as at January 31, 2004          29,608,000         29,608          62,592        (17,045)             277        75,432

Net loss for the year                             -              -               -        (57,733)               -       (57,733)
Foreign currency translation
 adjustment                                       -              -               -              -           (1,433)       (1,433)
                                      ------------- --------------  -------------- --------------  ---------------   ------------

Balance, as at January 31, 2005          29,608,000         29,608          62,592        (74,778)          (1,156)       16,266

Net loss from continuing                          -              -               -        (73,788)               -       (73,788)
 operations
Net loss from discontinued
 operations                                       -              -               -          (9,233)          1,156        (8,077)
                                      ------------- --------------  -------------- --------------- ---------------   ------------

Balance, as at January 31, 2006          29,608,000         29,608          62,592       (157,799)               -       (65,599)

Net loss for the period                           -              -               -       (132,015)               -      (132,015)
                                      ------------- --------------  -------------- --------------  ---------------   ------------

Balance, as at April 30, 2006            29,608,000 $       29,608  $       62,592 $     (289,814) $             -   $  (197,614)
                                      ============= ==============  ============== ==============  ===============   ============
</table>

*      The number of common  shares have been  retroactively  restated to
       reflect a forward  split of four new shares for one old share,  that took
       place on February 6, 2006. The par value and additional  paid-in  capital
       have been  adjusted  to reflect the  correct  par value.  The  authorized
       common shares have also been increased from 100,000,000 to 400,000,000.


                             SEE ACCOMPANYING NOTES


<page>
                                                                     Schedule 1


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
           FROM DISCONTINUED OPERATIONS OF INGENIUM CAPITAL B.C. LTD.
             for the three months ended April 30, 2006 and 2005 and
           from October 27, 2003 (Date of Inception) to April 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


<table>
<caption>
                                                                                                         October 27, 2003
                                                                                                             (Date of
                                                                        Three months ended                Inception) to
                                                                             April 30,                      April 30,
                                                                     2006                 2005                 2006
                                                                     ----                 ----                 ----

                                                          <c>                  <c>                  <c>
Expenses
    Bank charges                                             $                -   $               39   $               246
    Filing fees                                                               -                    -                 1,752
    Legal fees                                                                -                    -                   841
    Office and miscellaneous                                                  -                  732                 7,812
    Promotion costs                                                           -                  118                     -
    Mineral property costs                                                    -                4,362                21,769
    Transfer agent fees                                                       -                    -                   791
    Travel                                                                    -                  197                     -
                                                             ------------------   ------------------   -------------------

Loss before the following                                                     -               (5,448)              (33,211)

    Write -off of due to parent                                               -                    -                36,499
    Interest income                                                           -                    -                   149
    Foreign exchange gain (loss)                                              -                   10                (3,437)
    Write-off of due from affiliate                                           -                    -               (33,432)
                                                             ------------------   ------------------   -------------------

Net loss for the period                                      $                -   $           (5,438)  $           (33,432)
                                                             ==================   ==================   ===================
</table>



                             SEE ACCOMPANYING NOTES


<page>

                                                                     Schedule 2


                              NITRO PETROLEUM INC.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
                  INTERIM STATEMENTS OF OIL AND GAS PROPERTIES
                  for the three months ended April 30, 2006 and
                       for the year ended January 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


<table>
<caption>
                                                  Balance                         Balance                          Balance
                                                January 31,                     January 31,                       April 30,
                                                   2005          Additions          2006          Additions         2006
                                                   ----          ---------          ----          ---------         ----

                                           <c>             <c>             <c>              <c>             <c>
Oil and gas property costs:

    Barnett Shale                             $            -  $      300,000  $     300,000    $            -  $      300,000

    Phillip #2                                             -          80,000         80,000                 -          80,000

    Corsicana Pilot Project                                -          10,000         10,000           400,000         410,000

    Barnett Shale, wells                                   -               -              -           750,000         750,000

    Pierce #1 and McKinney #2                              -               -              -            70,000          70,000
                                              --------------  --------------  -------------    --------------  --------------

                                              $            -  $      390,000  $     390,000    $    1,220,000  $    1,610,000
                                              ==============  ==============  =============    ==============  ==============
</table>


                             SEE ACCOMPANYING NOTES


<page>


                              Nitro Petroleum Inc.
                        (formerly Ingenium Capital Corp.)
                         (An Exploration Stage Company)
             Notes to the Interim Consolidated Financial Statements
                                 April 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)
                                    ---------



Note 1        Interim Reporting

              While the information  presented in the accompanying interim three
              months  financial   statements  is  unaudited,   it  includes  all
              adjustments which are, in the opinion of management,  necessary to
              present fairly the financial  position,  results of operations and
              cash  flows  for the  interim  periods  presented.  These  interim
              financial  statements  follow  the same  accounting  policies  and
              methods of their  application  as the  Company's  January 31, 2006
              annual  financial  statements.  All  adjustments  are of a  normal
              recurring  nature.  It is suggested  that these interim  financial
              statements be read in conjunction  with the Company's  January 31,
              2006 annual financial statements.

Note 2        Continuance of Operations

              These  financial  statements have been prepared in accordance with
              generally  accepted  accounting  principles  applicable to a going
              concern,  which  assumes that the Company will be able to meet its
              obligations  and  continue  its  operations  for its  next  twelve
              months.  Realization  values may be  substantially  different from
              carrying  values as shown and these  financial  statements  do not
              give effect to adjustments that would be necessary to the carrying
              values and  classification  of assets and  liabilities  should the
              Company be unable to  continue  as a going  concern.  At April 30,
              2006, the Company had not yet achieved profitable operations,  has
              accumulated losses of $289,814 since its inception,  has a working
              capital  deficiency  of  $1,807,614  and expects to incur  further
              losses in the  development  of its  business,  all of which  casts
              substantial  doubt  about the  Company's  ability to continue as a
              going  concern.  The  Company's  ability  to  continue  as a going
              concern  is  dependent   upon  its  ability  to  generate   future
              profitable  operations and/or to obtain the necessary financing to
              meet its obligations and repay its liabilities arising from normal
              business  operations when they come due.  Management has no formal
              plan in place to  address  this  concern  but  considers  that the
              Company  will  be  able  to  obtain  additional  funds  by  equity
              financing  and/or  related  party  advances,  however  there is no
              assurance of additional funding being available.

              On  February  27,  2006,  the  Company  changed  its name to Nitro
              Petroleum Inc.

Note 3        Discontinued Operations

              On January 31, 2006, the   company  indicated   its   intention to
              dissolve its 100% owned  subsidiary,  Ingenium  Capital B.C.  Ltd.
              ("BC").  The loss  related  to BC for the  three    months   ended
              April 30,  2005 has been  disclosed  as loss   from   discontinued
              operations (Schedule 1).


<page>

NITRO PETROLEUM INC.
(formerly Ingenium Capital Corp.)
(An Exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
April 30, 2006
(Stated in US Dollars)
(Unaudited) - Page 2


Note 3        Discontinued Operations - (cont'd)

              Statement of Cash Flows

              Cash flows from discontinued operations are as follows:

<table>
<caption>
                                                                                                          October 27,
                                                                                                         2003 (Date of
                                                                        Three months ended               Inception) to
                                                                            April 30,                      April 30,
                                                                    2006                 2005                 2006
                                                                    ----                 ----                 ----
             
                                             <c>                 <c>                  <c>
             Cash flows used in operating activities
                 Loss from discontinued operations           $                -  $           (5,438)  $         (33,432)
                 Write-off of advances from parent
                  company                                                     -                   -              33,432
                 Change in non-cash working capital
                  balance related to operations:
                   Accounts payable                                           -                   -                   -
                   Due to related party                                       -                 258                   -
                                                             ------------------  ------------------   -----------------

             Cash provided by (used in) operating
              activities                                                      -              (5,180)                  -
                                                             ------------------  ------------------   -----------------

             Financing Activity
                 Advances from (to) parent company                            -               4,009                   -
                                                             ------------------  ------------------   -----------------

             Cash provided by (used in) financing
              activity                                                        -               4,009                   -
                                                             ------------------  ------------------   -----------------

             Decrease in cash from
              discontinued operations prior to disposal      $                -  $           (1,171)  $               -
                                                             ==================  ==================   =================
</table>

Note 4        Related Party Transactions

              During the three months ended April 30, 2006 the Company  incurred
              management  fees  charged by a director of the  Company  totalling
              $7,265 (2005: $1,500 charged by a former director of the Company).

              Amounts due to related party, are due to a director of the Company
              for  unpaid   management   fees.   These  amounts  are  unsecured,
              non-interest bearing and have no specific terms of repayment.


<page>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

OVERVIEW

The Company is an  exploration  stage  company  engaged in the  acquisition  and
exploration  of gas and oil  properties.  The Company is  attempting  to acquire
interest in the properties of, and working interests in the production owned by,
established oil and gas production companies,  whether public or private, in the
United States oil producing areas. The Company does not intend to operate any of
the  production  acquired.  Thus, the Company will ensure that the production in
which it invests is operated to internationally accepted standards.
The Company believes such opportunities  exist in the United States. The Company
believes these  opportunities  also have  considerable  future potential for the
development  of additional  oil reserves.  Such new reserves might come from the
development of existing but as yet  undeveloped  reserves as well as from future
success in exploration.

When and if funding becomes available, the Company plans to acquire high-quality
oil and gas  properties,  primarily  "proven  producing  and proven  undeveloped
reserves."  The Company  will also  explore  low-risk  development  drilling and
work-over opportunities with experienced, well-established operators.

PLAN OF OPERATION

Corsicana
---------
Under the Corsicana Pilot Flood Project agreement, entered into on March 1,
2006, between Texas M.O.R., Inc. and JMT Resources Ltd. (the operating parties)
and Nitro Petroleum, Inc. and KOKO Petroleum, Ltd. (the investing parties) all
parties are forming a joint venture. Under the agreement, the investing parties
are to invest $4,500,000. Nitro has currently invested $410,000.

Nitro is planning to continue  the Pilot Flood  project and expand upon  success
with  potential  to drill 50 wells in 2006.  The  Company  intends  to  initiate
seismic  shoot to cover  approximately  4,000  acres.  It also plans to commence
horizontal drilling into undeveloped zones.

Barnett Shale
-------------
Nitro is participating in profits from the various wells in Barnett Shale. Nitro
has acquired a 5% working  interest in the Phillips #2 well in the Barnett Shale
Prospect, Montague County, Texas. The Company is also entitled to participate up
to a 5% working interest in additional wells on adjoining acreage.

Nitro has acquired a 50% of the holder's leasehold interest in the Gross Area of
approximately 2,000 acres of mineral leases in and around Montague County, Texas
(the "Assigned  Acreage").  Under this agreement the  participant is entitled to
receive 1% overriding  royalty on the entire Gross Area, to participate in up to
a 25%  working  interest  in wells  drilled  in the Gross Area and to receive an
acreage fee from all wells drilled on the Assigned Acreage in the amount of $500
per acre.

<page>

Nitro also acquired a 10% working interest in four wells ($150,000 per well) and
a 5% working interest in two wells ($75,000 per well) drilled by REO Energy Ltd.
on Barnett Shale formation leases.

The Company is planning to acquire additional acreage in the area. It intends to
continue  drilling its already acquired  undrilled  acreage.  It also intends to
acquire drilling rigs and expand the existing pipeline system.

The Company  intends to continue to acquire high quality oil and gas properties,
primarily  "proved  producing  and proved  undeveloped  reserves"  in the United
States. The Company sees significant  opportunities in acquiring properties with
proven  producing  reserves and  undeveloped  acreage in fields that have a long
history of  production.  The  Company  will also  explore  low-risk  development
drilling and work-over  opportunities  with experienced,  strong operators.  The
Company will attempt to finance oil and gas operations  through a combination of
privately placed debt and/or equity.  There can be no assurance that the Company
will be successful in finding financing, or even if financing is found, that the
Company will be  successful  in  acquiring  oil and/or gas assets that result in
profitable operations.
Nitro is continuing its efforts to identify and assess investment  opportunities
in oil and natural gas  properties,  utilizing  free labor of its  directors and
stockholders until such time as funding is sourced from the capital markets.  It
is  anticipated  that  funding  for the next  twelve  months will be required to
maintain  the  Company.  Attempts  are  ongoing to raise funds  through  private
placements and said attempts will continue throughout 2006. The Company may also
use various debt instruments as well as public offerings to raise needed capital
during 2006.

General and Administrative Expenses

General  and  administrative  expenses  consist of  expenses  related to general
corporate functions  including  marketing expenses,  professional and consultant
service expenses, development costs and travel.

General and administrative expenses totaled $135,645 for the three months ending
April 30, 2006,  compared to $5,021 for the three months  ending April 30, 2005.
This  increase was due to an increase in  development,  organization,  sales and
marketing costs associated with the movement into the oil and gas business.

Liquidity and Capital Resources

The  Company  had cash of  $506,143  as of April 30,  2006,  compared to cash of
$33,645 as of January 31, 2006.  The Company had working  capital  deficiency of
$1,807,614  as of April 30,  2006,  compared to working  capital  deficiency  of
$455,599 as of January 31,  2006.  Current  funds  available  to the Company are
inadequate  for it to be fully  competitive  in the areas in which it intends to
operate.  The  Company  will  need to raise  additional  funds in order to fully
implement  its  business  plan and is  currently  in the process of raising such
funds. The Company will attempt to raise approximately $65,000,000 in additional
funds over the next 12 months through private placements;  however, there can be
no assurance  that the Company  will be  successful  in raising such  additional
funds.

<page>

Regardless of whether the  Company's  cash assets prove to be inadequate to meet
the Company's  operational needs, the Company might seek to compensate providers
of services by issuance of stock in lieu of cash.

The Company's  continued  operations  therefore  will depend upon its ability to
raise additional funds through bank borrowings,  equity or debt financing. While
the Company has been successful in raising funds to date,  there is no assurance
that the Company will be able to obtain additional  funding when needed, or that
such funding, if available,  can be obtained on terms acceptable to the Company.
If the Company cannot obtain needed funds,  it may be forced to curtail or cease
its activities.

If additional  shares are issued to obtain financing,  current  shareholders may
suffer a dilutive effect on their  percentage of stock ownership in the Company.
A large portion of the Company's financing to date has been through the issuance
of shares or through equity financing with share based collateral.  There can be
no  assurances  that the Company  will become  self-sufficient.  Therefore,  the
Company may  continue  to issue  shares to further the  business,  and  existing
shareholders  may suffer a dilutive  effect on the price of their shares as well
as a loss of voting  power in the  Company.

Going  Concern

The Company has not attained profitable operations   and   is   dependent   upon
obtaining financing to pursue any extensive   oil   and   gas   acquisitions and
explorations. The auditors stated in their report on   the   audited   financial
statements that they have substantial doubt the Company will be able to continue
as a going concern.

Off-Balance Sheet Arrangements

The Company has no significant  off-balance sheet  arrangements that have or are
reasonably likely to have a current or future effect on the financial condition,
changes in financial  condition,  revenues or expenses,  results of  operations,
liquidity,  capital  expenditures  or  capital  resources  that is  material  to
stockholders.

ITEM 3. CONTROLS AND PROCEDURES.

As required by Rule 13a-15  under the Exchange  Act, the Company  carried out an
evaluation of the  effectiveness  of the design and operation of its  disclosure
controls  and  procedures  as of  April  30,  2006,  being  the date of the most
recently  completed  fiscal  quarter.  This evaluation was carried out under the
supervision and with the participation of the Company's Chief Executive Officer.
Based upon that evaluation,  Chief Executive  Officer  concluded that disclosure
controls and procedures are effective in timely alerting  management to material
information required to be included in periodic SEC filings.  There have been no
significant  changes in the Company's internal controls or in other factors that
could  significantly  affect  internal  controls  subsequent  to the date of the
evaluation.

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that  information  required  to be  disclosed  in our reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported,  within  the time  periods  specified  in the SEC's  rules and  forms.
Disclosure  controls and procedures include,  without  limitation,  controls and
procedures  designed to ensure that information  required to be disclosed in our
reports  filed  under  the  Exchange  Act is  accumulated  and  communicated  to
management,  including  our Chief  Executive  Officer  and our  Chief  Financial
Officer, to allow timely decisions regarding required disclosure.

<page>

                                     PART II
Item 6. Exhibits

<table>
<caption>
    Exhibit
     Number                     Description of Exhibit                               Location

               <c>                                                      <c>
----------------------------------------------------------------------------------------------------------
     Item 3       Articles of Incorporation and Bylaws
----------------------------------------------------------------------------------------------------------
      3.1         Articles of Incorporation                                Incorporated by reference from
                                                                           the Registration Statement on
                                                                           Form SB-2 filed April 21, 2004,
                                                                           SEC File No. 333-114660.
----------------------------------------------------------------------------------------------------------
      3.2         Bylaws, as amended                                       Incorporated by reference from
                                                                           the Registration Statement on
                                                                           Form SB-2 filed April 21, 2004,
                                                                           SEC File No. 333-114660.
----------------------------------------------------------------------------------------------------------
       3.3                                                                 Incorporated by reference from
                  Articles of Amendment to the Articles of Incorporation   the Form 10-KSB filed May 15,
                  of Ingenium Capital Corp. (Name changed therein to       2006
                  Nitro Petroleum Incorporated)
----------------------------------------------------------------------------------------------------------
     Item 31      Rule 13a-14(a)/15d-14(a) Certifications
----------------------------------------------------------------------------------------------------------
      31.1        Certification of Chief Executive Officer and Chief       This filing.
                  Financial Officer pursuant to 18 U.S.C. Section 1350,
                  as adopted pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002
----------------------------------------------------------------------------------------------------------
     Item 32      Section 1350 Certifications
----------------------------------------------------------------------------------------------------------
      32.1        Certification of Chief Executive Officer and Chief       This filing.
                  Financial Officer pursuant to 18 U.S.C. Section 1350,
                  as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002
----------------------------------------------------------------------------------------------------------
</table>

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report  to  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized.


NITRO PETROLEUM INCORPORATED
By:   Ted Kozub
      ------------------------------------------------
      Ted Kozub, CEO, CFO and President
Date: June 12, 2006