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Nitro prepares for Rework

Nitro Petroleum Inc. Prepares for Rework on Ward-McNeil Well Oklahoma


OKLAHOMA CITY, OKLAHOMA, May 14, 2010 (Marketwire via COMTEX) -- Nitro Petroleum Inc. (OTCBB:NTRO) reports that the Ward-McNeil well located in Section 27, T3N, R1W, Garvin County, Oklahoma is now ready for a fracture treatment. Nitro is the Operator on this project and their Geologist has identified a potential pay zone in the Viola Limestone formation. Previously, the well had been perforated and produced oil in the Lower Layton Sand sequence and the Viola Detrital. The well lies just on the north side of a North-Southwest trending fault with occasional closed anticlines lying on the north boundary of the fault which is the same scenario for the Ward-McNeil # 1 well. The company believes that this well is located in the same favorable position as the Ward-McNeil # 1 as this well had substantial production from Viola Limestone just to the North West. Services are now being scheduled and should be completed within approximately 30 days. Nitro will report on the progress on completion shortly.

About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed 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

Announcements
January 14, 2012
2011 Nitro News updates Read more...»
February 4, 2011
Nitro Petroleum Incorporated begins recompletion programs Read more...»
February 4, 2011
Nitro to Recomplete the McNeil #1 Read more...»
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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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