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MILL ETF

16.772
0.108 (0.65%)
14 Feb 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
ETF BIT:MILL Italy Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.108 0.65% 16.772 16.772 17.00 16.82 16.808 16.808 742 17:00:00

Miller Petroleum Announces the Continued Commercial Development of Koppers South

15/06/2006 2:00pm

PR Newswire (US)


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HUNTSVILLE, Tenn., June 15 /PRNewswire-FirstCall/ -- MILLER PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) announced today the successful drilling of the third commercial gas well in the Koppers South drilling program through its joint venture Wind Mill Oil & Gas, LLC., to continue development of the 22,000-acre lease in Campbell County, Tennessee. "We have drilled the third commercial well and encountered productive horizons in the "Big Lime" and "Devonian Shale" on the Koppers South 36B, with a total depth of 3250'. Production casing has been run and we expect to perforate the pipe and stimulate the well in the near future. Based on the geology and electric logs, this well and the two previous wells has confirmed the existence of a gas field in which the width and length will be determined by our continued drilling and development. We expect the existence of many wells," said Deloy Miller, CEO, Miller Petroleum. Koppers South is expected to produce hydrocarbons from the Mississippian age "Big Lime" formation and the Devonian age "Chattanooga Shale" formation. The Company has already established oil production on the eastern portion of this lease and has now established the presence of natural gas on the western section. "We have an excellent land position in this area with contiguous acreage as well as an excellent contract for the sale of our gas. Now that the first commercial wells have been drilled, we look forward to an aggressive development of this property," noted Miller. 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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