Miller Petroleum Finalizes Drilling Contract With Atlas Energy Resources
11 11월 2008 - 1:26AM
PR Newswire (US)
HUNTSVILLE, Tenn., Nov. 10 /PRNewswire-FirstCall/ -- Miller
Petroleum, Inc. (Pink Sheets: MILL.PK) announced today that it had
finalized a drilling contract with Atlas Energy Resources, LLC.
This is a two year agreement that will utilize two Miller drilling
rigs operating in the East Tennessee area of the Appalachian Basin.
Miller CEO Scott M. Boruff commented that, "This contract
solidifies our relationship with Atlas who is one of the premier
energy companies operating in our region. We look forward to
working closely with Ron Huff, President of Atlas Energy TN, and
his local team. One vertical rig has already been mobilized to the
site and has commenced drilling operations. We anticipate
mobilization of a horizontal rig for Atlas by the first of the
year. This is the initiation of our plans to expand our contract
drilling operations and keep Miller on track with its ambitious
business plans." About Miller Petroleum Miller Petroleum, Inc. 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 Petroleum has
drilled or serviced over 5200 wells. This experience has positioned
Miller as one of Tennessee's premier energy companies. About Atlas
Atlas Energy Resources, LLC develops and produces domestic natural
gas and oil and is one of the largest independent energy producers
in the Eastern United States. Atlas Energy sponsors and manages
tax-advantaged investment partnerships, in which it co-invests, to
finance the development of its acreage. For more information, visit
the Company's web site at http://www.atlasenergyresources.com/ or
contact investor relations at . Forward Looking Statements Certain
matters discussed within this press release are forward-looking
statements. Although Miller Petroleum, Inc. 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 financial
performance, regulatory changes, changes in local or national
economic conditions and other risks detailed from time to time in
Miller's reports filed with the SEC, including quarterly reports on
Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
DATASOURCE: Miller Petroleum, Inc. CONTACT: Teresa Cotton, Miller
Petroleum, Inc., +1-423-663-9457, Fax: +1-423-663-9461 Web site:
http://www.millerpetroleum.com/
http://www.atlasenergyresources.com/
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