Nitro Petroleum Inc. is pleased to report the following Field updates to its shareholders.
Nitro reported that the Company completed a full equipment change last week to reduce operational costs to less than $1,000.00 per month. The Company installed a pumping unit Friday, September 26, 2008. The Crown No. 3 well was put back on line the same day.
Nitro installed all flow lines, electric lines, tank pads and new tubing on the Quinlan Salt Water Disposal well. The trucking company will arrive today, Monday, September 29, 2008. The Oklahoma Corporation Commission will inspect this SWD well and give the Company the go-ahead to dispose water on Tuesday, September 30th. 2008.
QUINLAN No. 3 Well
Nitro reported that today, Monday, September 29, 2008 the onsite crew will pull the pump out of this well. Sooner Tool Company will be rigged up to drill out the cast iron plug to co mingle the Simpson Dolomite and the Hunton zone together. The Company anticipates a significant increase in Oil production after completion. On Wednesday, October 1, 2008 Nitro will run the new pump back in the hole and put well back on line.
QUINLAN No. 2 Well
Nitro reports that K & H Well service will rig up for the current re-work program, Thursday, October 2, 2008. The major re-work with take approximately 10 days to complete, and this well should be on-line on or before October 15th. 2008.
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