May 17th 2010, Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors an investment opinion on NITRO PETROLEUM INC. (OTCBB: NTRO).
Nitro Receives Encouraging Results on its West Central Alberta Project
Nitro Petroleum Incorporated (OTCBB:NTRO)
Good news means we have put this company on our watch list, and you should also follow its progress. NTRO has several project moving ahead in very hot areas.
***Recently NTRO received a progress report on the C well, which is the first well completed on this 2 well project.
The area this discovery well is located in has been known for high pressure gas but the Operator reports that this well has intersected an oil zone. This oil zone is free flowing at a rate of 40 bbl/day and 320mcf gas. The well has produced over 850 bbls of oil and over 10 million cubic feet of natural gas during the 30 day production test. The operator believes this test has been flowing at 60% capacity.
NTRO has 10 additional targets in this area that it can participate in. NTRO entered into this investment by way of a Limited Partnership. Larry Wise, President of Nitro, commented, “This is a significant discovery well on our first project in Alberta and the company is extremely encouraged by these initial results and the prospect of further participation in additional wells.”
About Nitro Petroleum:
Nitro Petroleum Incorporated is an independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. 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. More information about the company is available at www.nitropetroleuminc.com.
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