Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

April 18, 2011 09:15 ET

Nitro Petroleum Incorporated: Montana Prospect

OKLAHOMA CITY, OKLAHOMA--(Marketwire - April 18, 2011) - Nitro Petroleum Incorporated (OTCBB:NTRO) -

Nitro Petroleum Incorporated has recently entered into an agreement with CAVU Resources, Incorporated for $300,000 in cash, 3.3334 ORRI, and 5,000 shares of stock in CAVU for oil and gas leases covering approximately 1,600 acres in the Powder River Basin area in Montana. This agreement also includes two additional options for CAVU to acquire an additional 1,600 acres per each option later into acquisition proceedings. The Powder River Basin area consists of coal deposits with associated Coalbed Methane opportunities along with oil and gas production with opportunities for production from 700 through 7700' with the primary target being the Tensleep Formation of Pennsylvanian in age. Ten wells are included in the original package at an NRI of 77%. Jim Borem, President of Nitro Petroleum Incorporated, believes the project is an excellent opportunity to acquire substantial reserves of primary oil and gas reserves.

About Nitro Petroleum: Nitro Petroleum Inc. is a publicly traded energy company engaged in the acquisition and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out opportunities in the energy sector that represent low risk opportunities with significant upside, both independently and with joint venture partners. More information about the company is available at

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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