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Miller Petroleum to Drill 50 Development Wells, Deep Wildcats
Tuesday March 30, 7:00 am ET
HUNTSVILLE, Tenn., March 30 /PRNewswire-FirstCall/ -- Miller Petroleum, Inc. (OTC Bulletin Board: MILL - News) announced today it plans to drill 50 new development wells on its 16,000-acre lease in Campbell County, Tennessee.
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According to Deloy Miller, Chief Executive Officer, Miller Petroleum, the firm has some 44,000 acres under lease and these new wells will be drilled to a depth of about 3,200 feet to test the Big Lime and the Devonian age (Chattanooga Shale).
"We have established production in the Big Lime and the Shale under these prospects is the thickest we have seen in Tennessee," said Miller. "We have the gas gathering system and pipelines in place. And we have an excellent market for the gas."
Miller also announced the Tennessee-based oil and gas exploration firm will drill two wells in the third quarter on a deep wildcat prospect in the Eastern Overthurst of Tennessee. One well is projected for a depth of more than 6,500 feet.
"We have completed leasing and are ready to drill this prospect in a joint venture with a large Appalachian based independent oil company," Miller announced.
"Knowledgeable geologists have described this large untested prospect as perhaps the largest unexplored structure in the Appalachian region and believe it could be a major hydrocarbon reservoir.
"The structure been verified and defined by seismic evaluation and other geological tools. Interstate pipelines are in close proximity to the prospect, providing ready production and transmission capability if natural gas is discovered," Miller added.
Miller Petroleum, Inc. is a publicly traded gas and oil exploration and production company with headquarters in Huntsville, Tennessee. The company is rapidly increasing natural gas reserves in the Appalachian Basin. Miller's gas market is readily accessible through the company's infrastructure of gas lines for immediate sales. Production efficiency has excelled through the company's drilling and completion rigs as well as pipeline crews.
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Miller Petroleum, Inc. Revenue Producing Oil and Natural Gas Company Featured on NaturalGasStocks.com
Monday May 3, 10:43 am ET
POINT ROBERTS, WA--(MARKET WIRE)--May 3, 2004 -- www.***************** and www.NaturalGasStocks.com are pleased to provide investors interested in researching the natural gas sector with a free global research portal. As natural gas prices continue to rise, interested and concerned investors can use the portal as a resource tool to research industries. Miller Petroleum, Inc. (OTC BB:MILL.OB - News), a revenue producing oil and Gas Company is currently a featured company on the natural gas site. The Company is poised to capitalize on the upward trends in natural gas prices and is currently moving forward with new drilling programs in Tennessee.
The site also features exclusive articles on the natural gas sector, reviewing the long-term prospects and potential investments. www.*****************/Companies/HOGC/News/MichaelBrush.asp and www.*****************/Companies/NaturalGas/News/AllenGibson.asp
The site does not make recommendations, but offers a unique information portal to investors to research news, articles, and recent research.
MILLER PETROLEUM, INC. (OTC BB:MILL.OB - News)
Miller Petroleum is a revenue producing oil and natural gas Company with 50,000 acres under lease in the heart of Tennessee's prolific and hydrocarbon rich Appalachian Basin. The Company's C.E.O., Deloy Miller, has had a successful track record spanning over thirty five years in this Basin's oil and gas industry.
In the last reporting quarter, the Company reported a 41% increase in revenues to $482,149 up from $340,936 in the previous quarter. Increases are primarily due to natural gas sales from the Lindsay Land Company lease and higher oil and natural gas prices.
Naturalgasstocks.com includes a growing list of public companies in the sector. The following is a growing list of companies involved in natural gas: http://*****************/Companies/NaturalGas/IndustryResearch.asp
ECON Investor Relations Inc. owns ***************** and NaturalGasStocks.com
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Miller Petroleum, Inc., Tennessee Natural Gas Company, Currently Has 50,000 Acres Under Lease in Appalachian Basin
Tuesday May 4, 1:41 pm ET
POINT ROBERTS, WA--(MARKET WIRE)--May 4, 2004 -- www.***************** and www.NaturalGasStocks.com are pleased to provide investors interested in researching the natural gas sector with a free global research portal. As natural gas prices continue to rise, interested and concerned investors can use the portal as a resource tool to research industries. Miller Petroleum, Inc. (OTC BB:MILL.OB - News), a revenue producing oil and gas Company is currently a featured company on the natural gas site. The Company is poised to capitalize on the upward trends in natural gas prices and is currently moving forward with new drilling programs in Tennessee.
The site also features exclusive articles on the natural gas sector, reviewing the long-term prospects and potential investments. www.*****************/Companies/HOGC/News/MichaelBrush.asp and www.*****************/Companies/NaturalGas/News/AllenGibson.asp.
The site does not make recommendations, but offers a unique information portal to investors to research news, articles, and recent research.
Miller Petroleum, Inc. (OTC BB:MILL.OB - News)
Miller Petroleum is a revenue producing oil and natural gas Company with 50,000 acres under lease in the heart of Tennessee's prolific and hydrocarbon rich Appalachian Basin. The Company's C.E.O., Deloy Miller, has had a successful track record spanning over thirty five years in this Basin's oil and gas industry.
In the last reporting quarter, the Company reported a 41% increase in revenues to $482,149 up from $340,936 in the previous quarter. Increases are primarily due to natural gas sales from the Lindsay Land Company lease and higher oil and natural gas prices.
Naturalgasstocks.com includes a growing list of public companies in the sector. The following is a growing list of companies involved in natural gas: http://www.naturalgasstocks.com/Companies/NaturalGas/IndustryResearch.asp
ECON Corporate Services owns ***************** and NaturalGasStocks.com
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Press Release Source: Miller Petroleum, Inc.
Miller Petroleum, Inc. Announces the Completion of Two Major Lease Acquisitions
Monday May 10, 9:00 am ET
HUNTSVILLE, Tenn., May 10 /PRNewswire-FirstCall/ -- MILLER PETROLEUM, INC. (OTC Bulletin Board: MILL - News) plans large gas developmental drilling program and two deep wildcats.
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Acting on its extensive experience in the Appalachian Basin, Miller has secured leases to exploit the focal point of a 20,000-acre wildcat prospect whose potential has been confirmed by 4 miles of recently shot seismic. Miller has organized this prospect in a joint venture with a large Appalachian based independent oil and gas company.
"Knowledgeable geologists have described this prospect as perhaps the largest unexplored structure in the Appalachian region and believe it could be a major hydrocarbon reservoir," says Deloy Miller, Chief Executive Officer.
In another area, the Company's leasing acquisitions have also created a 14,000-acre contiguous block in Campbell County, Tennessee, that will accentuate an additional high grade, 19,000-acre contiguous block that Miller holds in close proximity. Together, these form a total position of almost 33,000 acres. The Company plans to drill up to 50 developmental natural gas wells on these two prospects, that can be fed into nearby gas lines for fast delivery to market and immediate cash flow.
The Company expects the new drilling program will add substantially to its total Proved/Developed/Producing, Drilled/Not Completed and Proved/Undeveloped reserves of 9.1 billion cu. ft. of natural gas and 364,587 barrels of crude oil.
About Miller Petroleum, Inc.
Miller Petroleum, Inc. is a publicly traded gas and oil exploration and production company with headquarters in Huntsville, Tennessee. The company is rapidly increasing natural gas reserves in the Appalachian Basin. Miller's gas market is readily accessible through the company's infrastructure of gas lines for immediate sales.
Forward-looking statements
This news release contains forward-looking statements that involve risks and uncertainties. The Company's actual results may differ significantly from results discussed in such forward-looking statements. Factors that may cause a difference include, but are not limited to, competition within the oil and gas industry, the market demand for, and prices of, oil and natural gas, the Company's availability of capital, production and costs of operation, results of future drilling, environmental risks and other factors detailed in the Company's filing with the Securities and Exchange Commission.
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Source: Miller Petroleum, Inc.
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Due Da Due......But Be Quick About It!!!!!
DaDog
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