Nitro reported that the company is in negotiations to close on a new prospect in Oklahoma. This project consists of two wells - the Yvonne #1 and Odom #1 located in Section 21, T4N-R2W, Garvin County, Oklahoma.

Each well has three zones behind pipe, the Fernvale Zone at a depth of 6537 feet, the Unconformity zone at a depth of 6253 feet and the Deese Sand at a depth of 6058 feet. Each well holds 40 acre tracts with the possibility to drill two more wells on this acreage.

Nitro will advise as to the progress of these negotiations at a later date.

Tags: Nitro Petroleum