Published:
Nitro Petroleum, Inc. Announces Major Re-Work on Quinlan #2 Well: Oklahoma
Nitro Petroleum, Inc. (OTCBB: NTRO) - Nitro Petroleum, Inc. reports today that the Company is scheduling a Major re-work on Quinlan #2 well located in Pottawatomie County, Oklahoma. Nitro is the Operator on this project and anticipates performing this work immediately. This well has a depth of 4800 feet and Nitro expects to produce from the Simpson Dolomite formation. The Simpson Dolomite zone is a very prolific pay zone in the State of Oklahoma. Larry Wise President & CEO of Nitro comments that, "The historical records on the well that the Quinlan well produced in excess of 100 barrels of Oil per day and 1500 barrels of salt water and was shut in during 1979 due to low Oil prices."
Nitro will update the shareholders when the re-work is completed.
Nitro Petroleum, Inc. also reports that the State of Oklahoma has granted the permit for the Salt Water Disposal Well on the Quinlan project. The disposal well will dispose of the water from the Quinlan well #2 and also will handle all the water from the Quinlan #3 when the Company decides to commingle several pay zones as previously announced.
About Nitro:
Nitro Petroleum, Inc. is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the Southern United States. 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.
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.
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Tags: ,Energy and Utilities:OilandGas, ,OTCBULLB,OTCBULLB,GA,OKLAHOMA CITY, OKLAHOMA
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