2009-08-05-2009-08-01-2009-08-01

Purchased 100% WI in 4 producing Bartlesville sandstone wells in Nowata Co., OK.

Precision Petroleum Corp., Oklahoma City, (OTCBB: PPTO) has acquired a 100% working interest in four producing Bartlesville sandstone wells from an undisclosed seller for an undisclosed price. These leases are in Section 31, T27N-R16E, in Nowata County, Oklahoma. Two oil wells are currently in production and on line while the other two wells are awaiting remedial recompletion.