Miller Petroleum Announces the Final Test Result on the Edwards - Fowler Unit #1
06 6월 2006 - 10:00PM
PR Newswire (US)
HUNTSVILLE, Tenn., June 6 /PRNewswire-FirstCall/ -- MILLER
PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) The final test
results are completed on the Edwards - Fowler Unit #1, in Roane
County, Tennessee. This well is located in the Harriman Prospect
and included in Wind Mill Oil & Gas, LLC. Wind Mill has a 37.5%
working interest and Miller Petroleum has 49.9 % of Wind Mill.
After several days of extensive testing with various open flow
rates and pressure recoveries, test results indicate that natural
gas in place for future recovery may be in excess of 500 mmcf. One
12 hour test flowed natural gas at a rate of 1,127,000 cubic feet
per day through a .500" orifice at 160 psi. The well is within 400'
of the sales line. Infrastructure to sell the gas is currently
being installed and sales should begin in a couple weeks. "We have
3,300 acres here for exploration and are fortunate to have a sales
line across the entire prospect. The Edwards - Fowler Unit #1 has
proven the existence of commercial hydrocarbons in the area to add
to our reserve base. Dr. Gary Bible, our staff geologist, has used
seismic information in depth to locate this well. The science is
critical in drilling two new offset wells that will begin in the
near future," 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/
Copyright