Nitro Petroleum has completed re-work on the Nancy Hubbard, and the well is now in production. The well was put on-line October 30th, 2008, and is already producing oil but has to pump out all the Fluids (Frac-water) before increasing the oil cut.
This project is a 4-well program and has one Water Disposal Well on the property. The next wells to perform a Major re-work on will be the Krouch 1 test and frac the 1st Wilcox payzone. The Walker well will be fraced into the Hunton Limestone formation. These wells are 7000 feet in depth. Nitro will report oil production shortly on the Nancy Hubbard once the company has recovered its frac-water.
Nitro Petroleum, Inc. will keep its shareholders updated on events as they unfold.
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