Precision Petroleum Corporation
OTC Bulletin Board : PPTO

Precision Petroleum Corporation

March 28, 2011 10:18 ET

Precision Petroleum McNeil #1 Frac Results

OKLAHOMA CITY, OKLAHOMA--(Marketwire - March 28, 2011) - Precision Petroleum Corporation (OTCBB:PPTO) -

Precision Petroleum Corporation is pleased to report that the frac treatment procedure is completed and is now flowing back on their McNeil #1 which is located in the NW/4 of Section 27, T3N, and R1W in Garvin County, Oklahoma.

The well has recovered 2500 BBL's of frac water from an initial 4,000 BBL frac load with the well pumping back at a rate of 42 BBLs of frac fluid and salt water per day flowing up the back side of the production casing. The flow back rate and fluid recovery is very encouraging and hopefully the well should continue to increase in oil and gas production as it recovers its frac load. We will be shipping our first load of oil this week. Richard Porterfield, President and CEO of Precision Petroleum Corporation, continues to be very optimistic and will periodically update the increase of oil and gas production as the well levels out.

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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