Nitro Petroleum Incorporated
OTCBB : NTRO

Nitro Petroleum Incorporated

October 30, 2013 10:17 ET

Nitro Petroleum Inc.: News Release Giant 2-21

SHAWNEE, OKLAHOMA--(Marketwired - Oct. 30, 2013) - Nitro Petroleum Inc. (OTCBB:NTRO) has recently perforated their Giant #2-21 in Section 21-2N-8W on Thursday, (10-17-13) in the Upper Sears Sand, 6566' to 6576' (10'), and in the Lower Sears Sand, 6680' to 6730' (50'). On the following Monday, 10-21-2013, Nitro performed an acid breakdown with 1500 gallons of 15% HCL on their well. Tuesday, 10-22-2013, Nitro swabbed all of their acid breakdown fluid (including water flush) with an encouraging 40 barrels of oil with 320# of shut-in gas pressure entering into the borehole after being shut-in overnight. Subsequently Tuesday afternoon, Nitro fracture treated the Giant #2-21 with 600 barrels gelled 4% KCL water and 10,000# of 20-40 sand allowing the well to be shut-in after treatment overnight till Wednesday. Wednesday, Thursday and Friday, (10-23, 24 & 25-13), Nitro installed the pump jack, ran rods & tubing, ran down hole pump, and set up the tank battery. Monday, (10-28-13), Nitro finished installing the flow lines, and installed the electric lines to totally equip the Giant #2-21. Tuesday, (10-29-13), Nitro started pumping the well back @ 9:30 AM and Nitro expects to have stabilized results within 15 days. As of today, the well has performed very well through the completion process and we will keep everyone informed as the well starts producing oil & gas.

Respectfully,

James Borem, President

Nitro Petroleum Inc.

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 Borem
    President
    405-273-9119
    405-273-9889 (FAX)