Nitro Petroleum Inc. has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma.

The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Walker Brothers Drilling Company will be moving in to drill the Elmo #2 January 4, 2014. We will keep you posted on the drilling progress.

Tags: Nitro Petroleum