NEWS

WIRES

OTHER

Nitro Announces Corsicana Re-Work Project and Production Results for its Barnett Shale Well

Nitro Petroleum, Inc. (OTCBB: NPTR) -

Nitro Petroleum, Inc. announced today that its operator for the Corsicana Field, JMT Resources, Ltd. ("JMT") has commenced a re-work program on its Pecan Gap wells. The program will consist of drilling six lateral bore production strings from the existing well bore. This process, known as Radial Jet Enhancement, will utilize high pressure fluids to drill the lateral well bores, which will extend out approximately 350' each.

JMT has contracted with Well Enhancement Services, LLC to perform the rework on its Pierce nos. 14 and 14a. A small sand frac will follow the drilling of the lateral well bores in order to enhance permeability and create larger access to the Pecan Gap reservoir. Total cost of the re-work and sand frac per well is estimated to be approximately $70,000 USD.

Well Enhancement Services has reported increases in production for wells where the lateral was successfully placed. Increases are reported to be from 300% to 1000%, which justify the incremental cost associated with the re-work project. Assuming positive results, JMT will re-enter the second well, and immediately schedule the rework on its remaining eight Pecan Gap wells.

Nitro announces that JMT has completed drilling the 6th pilot well in the Nacatoch zone for the Corsicana Flood Project. We plan on drilling 7 production wells and 6 injection wells prior to the implementation of the alkaline-surfactant-polymer technology. The first 4 wells have been perforated, lines laid and tied into the production battery.

The Company announced that production on its Phillips No. 2 began recording revenue on March 1st and, as of April 16, has sold 1,449 barrels of oil and 460,000 cubic feet of gas from the Ellenberger formation. Ultimate recovery and reserve estimates have not been engineered as of this date, however, the operator feels that, based on its current increasing production curve and existing well head pressures, the well will payback its working interest investment in less than two years. Nitro has a 5% working interest in this well.

"We are pleased to implement the rework program with our partners in the Corsicana field. We feel the Pecan Gap pool has large quantities of remaining oil in place that could be accessed with the implementation of cutting-edge technologies such as the radial jet enhancement program. The Phillips No. 2 well, is performing as expected. We continue working with our partners to increase our petroleum acreage holdings in Texas and Arkansas. We plan to participate in several wells in the Barnett Shale and to strive forward with our two secondary recovery projects in Corsicana," says Ted Kozub, President of Nitro Petroleum, Inc.

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. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

Distributed by Market Wire