 |
News Release
For Immediate Release: September 12, 2005
Miller Petroleum, Inc. announces completion of the first five
wells on a 10,400 acre prospect
HUNTSVILLE, Tenn., September 12, 2005 - MILLER PETROLEUM, INC.
(OTCBB: MILL - news) has achieved a 100% success ratio for the first
five wells on the Koppers North and Carden Prospect in Campbell
County, Tennessee. The 10,400 acre prospect is located in the heart
of Tennessee's prolific and hydrocarbon-rich Appalachian Basin.
The wells have been drilled to approximately 3000' in depth, to
fully penetrate a thickened Devonian Shale, with up to 828' of potential
hydrocarbon entry. The wells are now perforated and fraced, to
produce average open flows of 130 mcfd of natural gas each. "I
am very pleased with the results of these first wells. The 100%
success ratio will increase Miller's proven natural gas reserves
tremendously; we anticipate up to 100 potential well locations over
the majority of the tract.", commented Deloy Miller, CEO of
Miller Petroleum, Inc. "Simultaneous with completion of drilling,
we have installed gathering lines to begin immediate gas sales.
The Koppers North and Carden Prospect drilling and development
is in a joint venture with Golden Triangle Energy (GTE), Inc., Houston,
Texas and Norwest Energy NL, Perth, Australia. Miller Petroleum,
Inc. will serve as operator and retains a 20% carried net revenue
interest for the first 20 wells and a 25% working interest in the
remaining wells drilled by the joint venture.
Miller Petroleum, Inc. is a publicly traded, fully integrated, 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.
SOURCE:
Ackermann Public Relations, Jeff Hooper
+1-865-5840550
jhooper@ackermannpr.com
CONTACT:
(MILL) Deloy Miller (CEO) of Miller Petroleum, Inc.
+1-423-663-9457
dmiller@highland.net
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.
|