I think this is the PR he was talking about.
Doug
FOR IMMEDIATE RELEASE:
CONTACT:
Scott M. Boruff
Miller Energy Resources
Phone: 423-663-9457
Fax: 423-663-9461
Web Site: http://www.millerenergyresources.com
Miller Energy Resources Closes Deal For 35,325 Shale Acres and 173 Wells
HUNTSVILLE, TN- June 12, 2009- Miller Petroleum, Inc., dba Miller Energy
Resources, (MILL.OB) announced today that it has completed the acquisition of
certain assets from privately owned Ky-Tenn Oil, Inc., (KTO) which includes
approximately 35,325 leased acres located on the Chattanooga Shale and 173
natural gas and oil producing wells.
Miller CEO Scott M. Boruff commented that, “This is the first of many
acquisitions that we anticipate closing this year. This asset acquisition more
than doubles our oil production and more than triples our natural gas production
and our Chattanooga Shale lease acreage holdings. It is another example of the
successful execution of our ambitious business plan going forward.” Earlier this
year, Miller Energy Resources announced a $20 million acquisition, re-completion,
drilling and development program.
Boruff added, “This gives Miller a large lease position in the middle of
Tennessee’s prolific Chattanooga Shale play for future drilling development.
Initial analysis has indicated that the acreage could yield over 700 new well
locations. Another key to this acquisition is the fact that in addition to the
173 wells that we will be operating on the KTO leases, there are over 100
additional wells that can be reworked and put back into production.”
About Miller Energy Resources
Miller Energy Resources is an oil and natural gas exploration, production
and drilling company operating primarily in the heart of Tennessee's prolific and
hydrocarbon-rich Appalachian Basin. Company chairman Deloy Miller has a
successful track record spanning more than forty years in this Basin's oil and
gas industry. Since 1967, Miller has drilled or serviced over 5200 wells. This
experience has positioned Miller as one of Tennessee’s premier energy companies.
Forward Looking Statements
Certain matters discussed within this press release are forward-looking
statements. Although Miller Energy Resources believes the expectations reflected
in such forward-looking statements are based on reasonable assumptions, it can
give no assurance that its expectations will be attained. Factors that could
cause actual results to differ materially from expectations include, but are not
limited to, the availability of sufficient capital to fund its anticipated
growth, fluctuations in the prices of oil and gas, the competitive nature of its
business environment, its dependence on a limited number of customers, its
ability to comply with environmental regulations, changes in government
regulations which could adversely impact its business and other factors.
Investors should not place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. Miller Energy Resources’
actual results could differ materially from those anticipated in these forwardlooking
statements as a result of a variety of factors, including those discussed
in its periodic reports that are filed with the Securities and Exchange
Commission and available on its Web site (www.sec.gov). All forward-looking
statements attributable to Miller Energy Resources or to persons acting on its
behalf are expressly qualified in their entirety by these factors. Other than as
required under the securities laws, Miller Energy Resources does not assume a
duty to update these forward-looking statements.
News 
Market Data 
Discover 
AI
