Nitro Recompletes Plummer Wells

- Nitro Recompletes Plummer Wells

Friday, June 03, 2011
Nitro Petroleum Inc.

Nitro announced that the recompletion of the Plummer 1 & 2 wells were successful. The wells are currently producing approximately 7 to 8BOBD. We are estimating this will add approximately $10,000 per month cash flow to the company. This is a 400% increase in cash flow. Jim Borem, President and CEO of Nitro Petroleum Incorporated, feels that with the wells currently producing at this rate that this should increase the company's cash flow by approximately $10,000.00 per month.

Oil & Gas Post

Promote Your Page Too

Nitro Commences Workover Program at Ok. Wells

- Nitro Commences Workover Program at Ok. Wells

Friday, May 20, 201
Nitro Petroleum Inc.

Nitro has commenced a workover program on the Plummer #1 and #2 wells located in Garvin County, Oklahoma. The Company can report that the Plummer #1 procedure was to open into the Lower Viola section and was completed on Thursday. The well is now back on and currently in production. The increased production rates from the procedure are being monitored and will be released next week. The service equipment has been moved to the Plummer #2 and the Company has started the rework program on this well. Nitro has a 25% work interest in this project which consists of 7 wells. Once we have a stable production rate, we will be able to predict the added cash flow for Nitro Petroleum Inc.

Oil & Gas Post

Promote Your Page Too