SHAWNEE, OKLAHOMA--(Marketwired - Jan. 2, 2014) - Nitro Petroleum Inc. (OTCBB:NTRO) is announcing an update on the ongoing completion on their Giant #2-21 in Section 21-2N-8W, Stephens County, Oklahoma. Nitro Petroleum Inc. has been able to generate an IP of 40 barrels of oil per day for the first two weeks with 50+ MCFG per day with no water from the Upper & Lower Sears Sands. The well has produced oil & gas through the continuing completion process and we will keep everyone informed as the well continues to establish a level production rate.
James Lanshe, 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.