OKLAHOMA CITY, OKLAHOMA--(Marketwire - May 14, 2010) - Nitro
Petroleum Inc. (OTCBB:NTRO) reports that the Ward-McNeil well located in
Section 27, T3N, R1W, Garvin County, Oklahoma is now ready for a fracture
treatment. Nitro is the Operator on this project and their Geologist has
identified a potential pay zone in the Viola Limestone formation. Previously,
the well had been perforated and produced oil in the Lower Layton Sand sequence
and the Viola Detrital. The well lies just on the north side of a North-Southwest
trending fault with occasional closed anticlines lying on the north boundary of
the fault which is the same scenario for the Ward-McNeil # 1 well. The company
believes that this well is located in the same favorable position as the
Ward-McNeil # 1 as this well had substantial production from Viola Limestone
just to the North West. Services are now being
scheduled and should be completed within approximately 30 days. Nitro will
report on the progress on completion shortly.
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 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.