OKLAHOMA CITY, OKLAHOMA--(Marketwire - May 17, 2010) - Nitro Petroleum
Incorporated (OTCBB:NTRO) is pleased to announce an engineering update on the
first two wells in regard to the current enhancement program. The Quinlan #1,
Quinlan #2, and Quinlan #3 wells are located in the Northeast Shawnee Field in
Pottawatomie County, Oklahoma. Nitro is the operator on this field and chose to
upgrade these 3 wells first which includes re-works on mechanical equipment
down hole and chemical treatments which will happen within the next thirty days
on the Quinlan #1 and Quinlan #2 wells. This work should result in a
significant increase of daily production rates. In addition, Nitro's
engineering department advises that the Viola Limestone is behind pipe in the
Quinlan #3 well which should be re-equipped and put online within the next
thirty days for new production. The company is actively seeking further Oil
& Gas opportunities and is in negotiations on several projects subject to
due diligence.
About Nitro Petroleum: Nitro Petroleum Inc. is a publicly traded
energy company engaged in the acquisition and development of oil and natural
gas properties in the United States and Canada. Nitro's objective is to seek
out opportunities in the energy sector that represent low risk opportunities
with significant upside, both independently and with joint venture partners.
More information about the company is available at www.nitropetroleuminc.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. 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.