Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

March 13, 2009 12:38 ET

Nitro Petroleum Incorporated Initiates Bonding and Permitting on Its Powder River Basin Project

OKLAHOMA CITY, OKLAHOMA--(Marketwire - March 13, 2009) - Nitro Petroleum Incorporated (OTCBB:NTRO) is pleased to announce that it has initiated the permitting and bonding process for its 10 well program in the Powder River Basin. Nitro is the operator of this exciting project. The permitting and bonding process is expected to be done by the end of March, which would allow the 10 well drilling program to begin in late April or early May. The wells will vary in depth from 4350 to 7700 feet. The target is to drill at least 150 feet into the Tensleep Formation in each hole.

Larry Wise, President of Nitro, stated, "Historical production in the surrounding area has been very prolific; the Mann 1-18 and the Mann 8-18 have produced over 471,711 barrels of oil over the past ten years and are still in production today. With our proximity to these wells and with similar geological targets, we believe Nitro is in position to add substantially to it production and reserves."

About Nitro:

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. 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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