Precision Petroleum Corporation
OTC Bulletin Board : PPTO

Precision Petroleum Corporation

February 18, 2011 09:01 ET

Precision Petroleum Corporation: Technical Analysis Is Under Way for a Hunton Limestone Acid Frac, Potential 10,000 Barrel Recovery

OKLAHOMA CITY, OKLAHOMA--(Marketwire - Feb. 18, 2011) - PRECISION PETROLEUM CORPORATION (Nevada Company) (OTCBB:PPTO) -

Recent engineering and geological analysis of a major acid frac on the White No. 12-1 well, Pottawatomie County, Oklahoma has indicated the potential for an additional 10,000 barrel recovery from the Hunton Limestone formation on this 40 acre lease.

Richard Porterfield, President commented that, "Adjacent leases of approximately 30 wells operated by majors have pursued the acid frac technology with outstanding success."

The White well currently produces oil and natural gas with a natural water drive.

The acid frac is significant whereby reservoir porosity is increased allowing substantial flow to the wellbore. Upon a final consultation with geologists and engineers, Precision Petroleum Corporation would proceed with this acid frac project.

Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. 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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