Miller Petroleum Announces the Beginning of Drilling in Koppers South
18 5월 2006 - 10:00PM
PR Newswire (US)
HUNTSVILLE, Tenn., May 18 /PRNewswire-FirstCall/ -- MILLER
PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) Drilling begins
on Koppers South in Campbell County, Tennessee. This 22,000-acre
prospect is included in a recently formed Joint Venture, Wind Mill
Oil & Gas LLC, in which Miller Petroleum has a 49% interest and
Wind City has a 51% interest. Drilling is with company equipment.
Koppers South is a high graded prospect that is expected to produce
hydrocarbons from the Mississippian Age "Big Lime" and Devonian Age
"Chattanooga Shale." The "Big Lime" is prolific in the region and
on trend with the "Days Chapel Field" which is the largest oil
field in the State of Tennessee. Miller has oil production on the
eastern portion of the prospect and expects natural gas production
on the western section. The Devonian Shale could supply production
to compliment the "Big Lime." "We have enough acreage on this
prospect to drill many wells that are in the proximity of a gas
sales line. We are excited about getting these first wells drilled
and completed. The anticipated production income should add
significantly to our cash flow." noted Deloy Miller, CEO, Miller
Petroleum. Miller Petroleum, Inc. is a publicly traded, fully
integrated, gas and oil exploration and production company with
headquarters in Huntsville, Tennessee. The company's gas and oil
reserves are rapidly increasing in the Appalachian Basin.
Forward-looking statements made in this release are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward
looking statements involve risk and uncertainties which may cause
actual results to differ from anticipated results, including risks
associated with the timing and development of the company's
reserves and projects as well as risks of downturns in economic
conditions generally, and other risks detailed from time to time in
the company's filings with the Securities and Exchange Commission.
DATASOURCE: Miller Petroleum, Inc. CONTACT: Deloy Miller, CEO of
Miller Petroleum, Inc., +1-423-663-9457, or Web site:
http://www.millerpetroleum.com/
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