Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

July 09, 2009 16:10 ET

Nitro Petroleum Incorporated to Re-Work Quinlan #3 Well in Oklahoma

OKLAHOMA CITY, OKLAHOMA--(Marketwire - July 9, 2009) - Nitro Petroleum Incorporated (OTCBB:NTRO) is pleased to announce that it will re-work the Quinlan #3 well located in Pottawatomie County, Oklahoma. This well produces oil and gas from the Simpson Dolomite Sand and Hunton Lime. Nitro will isolate the Hunton zone and produce the Simpson Dolomite. Nitro estimates that the well will produce enough oil per day after the re-work to pay back the cost of the re-work in about 90 days.

Nitro is the Operator on this project. The re-work will replace the pumping unit and the down hole pump and tubing. After the re-work this well should have a very small operating cost per month. Larry Wise, President of Nitro, commented, "This is another low cost re-work program that will help Nitro achieve higher net production from its existing asset base for a relatively small investment."

About Nitro Petroleum: 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 and Canada. 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

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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