Nitro Petroleum Incorporated to Re-Work Quinlan #3 Well in Oklahoma

Thu Jul 9, 2009 4:10pm EDT
 
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  OKLAHOMA CITY, OKLAHOMA, Jul 09 (MARKET WIRE) -- 
Nitro Petroleum Incorporated (OTCBB: NTRO) is pleased to announce that it
will re-work the Quinlan #3 well located in Pottawatomie County,
Oklahoma. This well produces oil and gas from the Simpson Dolomite Sand
and Hunton Lime. Nitro will isolate the Hunton zone and produce the
Simpson Dolomite. Nitro estimates that the well will produce enough oil
per day after the re-work to pay back the cost of the re-work in about 90
days.

    Nitro is the Operator on this project. The re-work will replace the
pumping unit and the down hole pump and tubing. After the re-work this
well should have a very small operating cost per month. Larry Wise,
President of Nitro, commented, "This is another low cost re-work program
that will help Nitro achieve higher net production from its existing
asset base for a relatively small investment."

    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.

Contacts:
Nitro Petroleum Incorporated
Investor Relations
Toll Free: (888) 805-NTRO
info@nitropetroleuminc.com
www.nitropetroleuminc.com

Copyright 2009, Market Wire, All rights reserved.

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