Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

June 18, 2009 16:21 ET

Nitro Petroleum Incorporated in Final Negotiations to Participate in Two Additional Wells in West Central Alberta

OKLAHOMA CITY, OKLAHOMA--(Marketwire - June 18, 2009) - Nitro Petroleum Incorporated (OTCBB:NTRO) is pleased to announce that it is in final negotiations to purchase a working interest in two gas wells in the Bigoray area of West Central Alberta.

These two wells are capped re-completion wells in an area with proven production. These wells are projected to produce approximately 570,000 cubic feet of natural gas per day or approximately 100 barrels of oil equivalent per day. Because these wells are already drilled, they are supported by well logs, seismic, and subsurface mapping. There are multiple producing formations under this area including Viking, Glauconite, Detrital, and Pekisko.

Larry Wise, President of Nitro, stated, "This two well program provides Nitro another significant asset to our rapidly expanding portfolio of oil and gas assets in Central Alberta. We believe that it is time to be aggressive in our acquisition of these low risk production programs."

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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