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Mason Burns Update

Nitro Petroleum Inc. Announces Mason Burns Well Update Oklahoma


OKLAHOMA CITY, OKLAHOMA, May 19, 2010 (Marketwire via COMTEX) -- Nitro Petroleum Incorporated (OTCBB:NTRO) reports today that the engineering and economic feasibility study for the Mason Burns lease is now complete. Nitro, 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. The company will advise the shareholders on the upcoming results shortly.

About Nitro Petroleum: Nitro Petroleum Inc. is a publicly traded energy company engaged in the acquisition and development of oil and natural gas properties in the United States and Canada. Nitro'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. More information about the company is available at www.nitropetroleuminc.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.

SOURCE: Nitro Petroleum Incorporated

 

 

CONTACT:          Nitro Petroleum Incorporated
                  Investor Relations
                  405-273-9119
                  www.nitropetroleuminc.com

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INDUSTRY KEYWORD: Energy and Utilities/Oil and Gas
SUBJECT CODE:     OIL/GAS EXPLORATION UPDATE

Posted by admin on Jun 7, 2010

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MARKETS

Symbol:  NTRO
Current Price:   $.008
52 Week Range:   $.0002 - .023
Average Volume:  128,325
Outstanding Shares:   207,424,156
Restricted Shares:   77,981,054
Current Market Cap:   $1.63m

 

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