Miller Petroleum's Initial Test of the Koppers 38B
July 20 2006 - 9:55AM
PR Newswire (US)
HUNTSVILLE, Tenn., July 20 /PRNewswire-FirstCall/ -- MILLER
PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) announced today
the initial open flow test of 720,000 cubic feet of natural gas per
day on the Koppers 38B. This well is among the first successful
commercial gas wells in the Koppers South program through its joint
venture Wind Mill Oil & Gas, LLC. Development is continuing on
the 22,000-acre lease in Campbell County, Tennessee. "The 38B, with
total depth of 3600 feet, has confirmed a commercial gas field in
which we have an excellent land position of 22,000 contiguous acres
in which to drill many wells. We are continuing field development
with the drilling of wells and construction of a pipeline to the
sales market. The completion of the pipeline will result in gas
sales to substantially affect our cash flow. We are fortunate to
have no sales restrictions in this area of the Appalachian Basin,"
said Deloy Miller, CEO of Miller Petroleum. 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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