2009-04-14-2009-04-14-2009-06-12

Transaction Type
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Purchased 35,000 acres in Chattanooga shale, TN, including 173 producing wells.

Huntsville, Tenn.-based Miller Petroleum Inc., dba Miller Energy Resources, (OTCBB: MILL) has acquired more than 35,000 acres in the Chattanooga shale in Tennessee from privately owned Ky-Tenn Oil Inc. for an undisclosed price. The deal involves 173 producing wells. Miller CEO Scott M. Boruff says, "This is the first of many acquisitions that we anticipate closing this year. This asset acquisition more than doubles our oil production and more than triples our natural gas production and our Chattanooga shale lease acreage holdings."