Energy Industry
Industry: Email Alert RSS FeedMiller Energy Begins $25.5 Million Drilling Effort in Tennessee
Energy Resource, April 14, 2009
ENERGY RESOURCE-14 April 2009-Miller Energy Begins $25.5 Million Drilling Effort in Tennessee(C)2009 JeraOne - http://www.jeraone.com
Miller Energy Resources has initiated a $25.5 million drilling program on company leases in Scott County, Tennessee, the company said today.
Funding for the program is via private placement memorandum. The managing broker dealer is Empire Securities Corp. of Universal City California.
The drilling program consists of up to 16 horizontal wells and 14 vertical wells to test three reservoir targets, said Miller CEO Scott Boruff, including gas in the organic rich Chattanooga shale. Secondary targets are the Mississippian Age "Big Lime" and the Fort Payne formation.
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Miller Energy Resources, formerly Miller Petroleum Inc., is an independent crude oil and natural gas exploration and production company focusing on the Appalachian Basin. For more information, visit www.millerenergyresources.com.
((Comments on this story may be sent to newsdesk@jeraone.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
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