Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

June 22, 2010 08:30 ET

Nitro Negotiates to Acquire Production and Drilling Tracts

TULSA, OKLAHOMA--(Marketwire - June 22, 2010) - Nitro Petroleum Inc. (OTCBB:NTRO) has entered into final negotiations with lease owners in Garvin County, Oklahoma. The leases consist of three production well locations supplemented by a water disposal well. Engineering and log information indicates possible dual reservoir opportunities in addition to the current production reservoirs.

The locations under negotiation are the Plummer #1 and Fuller #2, both producing from the Viola Limestone and Fuller #2 producing from the Deese Reservoir. Both the Viola and the Deese geologies have impressive production histories.

James Borem, President of Nitro Petroleum Inc. comments that this is high gravity crude with water disposal facilities, each well holds a 40 acre tract. Borem further stated that the large production leases will enable possible dual completions.

With crude oil prices currently in excess of seventy five dollars and expected to rise, the company president states that leases with this potential are extremely important for growth, company cash flow and expansion opportunities.

Nitro has the engineering and scouting team which will continue to search out further oil and gas production and exploration acquisitions in Oklahoma, Texas and other southern states.

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.

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