2009-03-26-2009-02-27

To acquire WI in Thompson #1, Mason Burns, Teresa wells in Gavin Co., OK, and Quinlan #1 in Pottawatomie Co., gaining 40 BO/d.

Precision Petroleum Corp., Oklahoma City, (OTCBB: PPTO) plans to acquire various working interests in four producing oil wells in Oklahoma from an undisclosed seller for an undisclosed price. The properties are Thompson #1, Mason Burns and Teresa wells in Gavin County, and Quinlan #1 in Pottawatomie County. Total production is approximately 40 barrels of oil per day.