Precision Petroleum Corporation
OTC Bulletin Board : PPTO

Precision Petroleum Corporation

April 06, 2009 09:31 ET

Precision Petroleum Corporation-Acquires Interest in Mason Burns #2 Oil Well, Garvin County, Oklahoma

OKLAHOMA CITY, OKLAHOMA--(Marketwire - April 6, 2009) - In a news release
Dated February 27, 2009, Precision Petroleum Corporation (the "Company") (OTCBB:PPTO) stated it had acquired a working interest in the Mason Burns #2 oil well located in Garvin County, Oklahoma. The well produces oil and gas from the upper first Bromide formation. This Bromide Sand formation has historically been a prolific production reservoir for several years in this area.

This well also has the potential to produce from the Viola Limestone which is behind pipe in the existing well bore. The Viola formation will be tested when the Bromide formation has substantially been depleted.

Richard Porterfield, Petroleum Geologist and Company President advises that the acquisition of this well is concurrent with Precision's plans to accumulate oil and gas property with proven production and secondary target enhancement potential.

Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States. Precision's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at www.precisionpetroleumcorp.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. The Company does not intend to, and undertakes 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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