Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

May 08, 2008 14:04 ET

Nitro Petroleum, Inc. Announces Crown Lease Update

OKLAHOMA CITY, OKLAHOMA--(Marketwire - May 8, 2008) - Nitro Petroleum, Inc. (OTCBB:NTRO) -

Nitro Petroleum, Inc. reports today on the progress of the companies Crown Lease in Oklahoma. The company completed all the rework operations on the Crown # 1 as of May 2, 2008. This well should be online and producing in the next few days. The Crown # 3 well will be fully complete and online shortly as well. All wells including the Disposal well had electrical transformers installed as of May 7, 2008. Nitro is the Operator and will be announcing the Initial Production numbers of these wells in the near future.

Also the company would like to announce that the dozer has cleared the first location for the drilling of the Quinlan # 3 well. Nitro Petroleum is also the Operator on the Quinlan project. The Quinlan lease has the potential for several wells and this lease has a history of very steady production. Initial Production numbers from the Quinlan # 1 were 334 Barrels of Oil per day and the # 2 Initial Production was 298 barrels of Oil per day.

About Nitro:

Nitro Petroleum, Inc. is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the Southern United States. 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.

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.

Contact Information