Nitro Petroleum has recently completed the acquisition of a seven-well producing and development project in the US and has accomplished the first phase of restoring production.

The project is currently producing approximately 12-15bopd and the company has planned to re-complete the Plummer #1 & #2 wells in the Viola Lime, which could add an additional 10-15bopd.

The cash flow for the company is estimated to increase approximately $20,000 to $24,000 per month when these wells are finished.

Nitro Petroleum is an independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the US and Canada.