Nitro Updates on Quinlan Project
November 22 2011 - 9:30AM
Marketwired
Nitro Petroleum Incorporated (OTCBB:NTRO) -
Nitro Petroleum Inc. is pleased to announce the following
progress on our Quinlan project.
1. The new SWD pump has been installed and is operational as of November
16th.
2. Installed new submergible pump, turned well to production on November
18. This well is currently producing 22 bbls per day. At this rate of
production we are estimating the cash flow to be $39,500 per month.
3. We have now moved to the Quinlan #1. Nitro expects to have this well
work completed on November 26th we will keep you advised of our
progress.
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
405-273-9119info@nitropetroleuminc.comwww.nitropetroleuminc.com