Nitro Petroleum Incorporated
OTCBB : NTRO

Nitro Petroleum Incorporated

December 18, 2013 10:27 ET

Nitro Petroleum Inc.: Drilling Mr. Bill #1

SHAWNEE, OKLAHOMA--(Marketwired - Dec. 18, 2013) - Nitro Petroleum Inc. (OTCBB:NTRO) is pleased to announce it has recently acquired a Working Interest in a well named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. The well spudded 12-16-2013 with the primary target reservoir being the prolific sand producer named the Misener Sand with a secondary target reservoir being the Cleveland Sand which the well location is virtually in the north boundary of a producing Cleveland Sand Field. Cleveland Sand production adjacent to the drill site has accumulated oil in the range of 26,000 to 33,000 barrels of oil per well. Nitro Petroleum Inc. will post updates to the drilling of the well as information becomes available.

Respectfully,

James Lanshe, President

Nitro Petroleum Inc.

OTCBB: NTRO

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and Company's planned exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • Nitro Petroleum Inc.
    James Lanshe
    President
    405-273-9119
    405-273-9889 (FAX)