Nitro Petroleum Inc.(fka NTRO)

[WealthyKing]

Breakdown of Feb 29 pr
Quinlan #1: 15-20 bopd
Quinlan #2: 18-20 bopd
Quinlan #3: 30-45 bopd

Total 63-85 bopd Avg. Est.
@ $105 = 205k-276k per month



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O/S 207,424,156
R/S 77,957,933
Float of 131,466,223

Nitro Finalizes Recompletion of Quinlan Wells
February 29, 2012 09:30 ET

OKLAHOMA CITY, OKLAHOMA--(Marketwire - February 29, 2012) - Nitro Petroleum Incorporated (OTCBB:NTRO) -

Nitro Petroleum is pleased to announce we have finalized the recompletion and testing of the Quinlan wells 1, 2 and 3. We are very excited with the results.

The Quinlan #1 well is currently producing approximately 7 to 8 barrels per day and after we removed the packer and re-squeezed the casing leak, the well should now produce 15 to 20 barrels per day.

The Quinlan #2 is currently producing 18 to 20 barrels per day.

The Quinlan #3 is currently being rod pumped at 3 to 5 barrels per day below a packer. We have determined based to the testing results a submersible lift pump will be required due to the high volume of fluid. The #3 well was tested at a rate of approximately 1500 barrels of fluid with a 2 to 3 percent oil cut, which calculates to be 30 to 45 barrels per day. The company believes this project will increase our cash flow approximately $78,000 per month.

We are planning to post Nitro's year-end financials (January 31, 2011) on or before March 14, 2012. Thank you for your patience on this matter.