Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

November 22, 2011 09:30 ET

Nitro Updates on Quinlan Project

OKLAHOMA CITY, OKLAHOMA--(Marketwire - Nov. 22, 2011) - Nitro Petroleum Incorporated (OTCBB:NTRO) -

Nitro Petroleum Inc. is pleased to announce the following progress on our Quinlan project.

  1. The new SWD pump has been installed and is operational as of November 16th.
  2. Installed new submergible pump, turned well to production on November 18. This well is currently producing 22 bbls per day. At this rate of production we are estimating the cash flow to be $39,500 per month.
  3. We have now moved to the Quinlan #1. Nitro expects to have this well work completed on November 26th we will keep you advised of our progress.

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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