Engineering Study Completed for Mason Burns Lease

Nitro reported that the engineering and economic feasibility study for the Mason Burns lease is now complete. Nitro, the operator on this property, will perform a remedial fracture (Frac) in the Viola Limestone formation. The Mason Burns well is presently producing from the upper and lower intervals of the First Bromide formation generating excellent production recoveries. However, the company will be ready when the First Bromide enters its secondary stage of production and it is incumbent that the new zone be explored and tested. The Viola Limestone is an extremely prolific reservoir in production. The company will advise the shareholders on the upcoming results shortly.