Miller Petroleum, Inc., dba Miller Energy Resources, (OTC Bulletin
Board: MILL) announced that it has completed an agreement to purchase the assets of Cook Inlet Energy, LLC including $115 million
in oil and natural gas reserves, 600,000 lease acres with potential additional reserves based upon $8.5 million in completed 3D seismic
geology, and numerous production facilities valued at almost $200 million for $875,000. The deal is scheduled to close on November
4, 2009.
(actually closed Nov. 5th. No news has been posted about court proceedings that occurred Friday, but deal when't through. They picked up alot of
stuff for under one mill. Also got a platform that has oil and needs refurbished. A lot of big players were involved trying to break deal
but failed. Got a good feeling on this one and I bought. Think it will be a hot stock ?).
Miller Energy Resources Finalizes Contract to Purchase $115 Million in Oil and Natural Gas Reserves Plus Additional Alaskan Assets: PRNewswire Business News: MILL - MSN Money