Miller Petroleum Announces the Continued Commercial Development of Koppers South
15 6월 2006 - 10:00PM
PR Newswire (US)
HUNTSVILLE, Tenn., June 15 /PRNewswire-FirstCall/ -- MILLER
PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) announced today
the successful drilling of the third commercial gas well in the
Koppers South drilling program through its joint venture Wind Mill
Oil & Gas, LLC., to continue development of the 22,000-acre
lease in Campbell County, Tennessee. "We have drilled the third
commercial well and encountered productive horizons in the "Big
Lime" and "Devonian Shale" on the Koppers South 36B, with a total
depth of 3250'. Production casing has been run and we expect to
perforate the pipe and stimulate the well in the near future. Based
on the geology and electric logs, this well and the two previous
wells has confirmed the existence of a gas field in which the width
and length will be determined by our continued drilling and
development. We expect the existence of many wells," said Deloy
Miller, CEO, Miller Petroleum. Koppers South is expected to produce
hydrocarbons from the Mississippian age "Big Lime" formation and
the Devonian age "Chattanooga Shale" formation. The Company has
already established oil production on the eastern portion of this
lease and has now established the presence of natural gas on the
western section. "We have an excellent land position in this area
with contiguous acreage as well as an excellent contract for the
sale of our gas. Now that the first commercial wells have been
drilled, we look forward to an aggressive development of this
property," noted Miller. Miller Petroleum, Inc. is a publicly
traded, fully integrated, gas and oil exploration and production
company with headquarters in Huntsville, Tennessee. 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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