Nitro Petroleum Inc.: Branch #1 Completion Report, Garvin County, Oklahoma

(firmenpresse) - SHAWNEE, OKLAHOMA -- (Marketwire) -- 02/12/13 -- Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce it has successfully completed the Branch #1 well into the upper Viola formation. The well is currently flowing and pumping approximately 147 BOPD and 302 MCF P/D. Based on the current producing rate. The company is estimating its net revenue will increase by $109,182 per month. Nitro expects the producing rate to continue to improve as a result of additional frac fluids being removed from the well. When the well was completed it was fracked with 5000 BBLS of fluid and to date we have recovered approximately 2200 BBLS of Frac fluid.

Jim Borem, President

Nitro Petroleum Inc.



Contacts:
Nitro Petroleum Incorporated
Jim Borem
President
405-273-9119
405-273-9889 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 12.02.2013 - 20:58 Uhr
Sprache: Deutsch
News-ID 228810
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SHAWNEE, OKLAHOMA

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Oil & Gas

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