Nitro News
SHAWNEE, OKLAHOMA, Oct 16, 2013 (Marketwired via COMTEX) -- Nitro Petroleum
Inc. (OTCBB: NTRO) has completed the drilling of our Giant #2-21 to a depth of
6811' in the West Marlow Hoxbar Unit through Thursday, October 12, 2013 at 4:00
am. Although the target reservoirs came in slightly below the original depths
projected, this appears to be large advantage to the productive nature of oil
and gas in the Giant #2-21 from the target reservoirs due to fault isolation
from any depletion of these offsetting wells. Three sands of the Upper Hoxbar
interval calculate productive with electric logs along with gas and oil shows
from the drilling samples and there appears to be no signs of any depletion from
the logs of the target reservoirs. Of the three sands, we were fortunate to
penetrate a productive appearing Upper Stray Sand only observed in wells on the
down thrown side and east of the trapping fault of the Unit. This new zone
calculates productive as mentioned previously along with the fact it has not
been produced by any well remotely close to the Giant #2-21, therefore, any
production from this sand should be of a virgin nature. Completion procedures
will commence starting the week of 10-21-2013 with the first zone of interest,
the Lower Sears Sand, from 6626' to 6705'. Nitro Petroleum is extremely
optimistic with the drilling results and excited towards the completion of our
well due to this apparent isolation from any nearby wells. We will keep you
informed as completion procedures continue.
