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February 12, 2013
09:37 EDTMILLMiller Energy issues operational update
Miller announced that its wholly owned Alaskan subsidiary, Cook Inlet Energy, led by David Hall, successfully completed a work-over on RU-3 natural gas well on its Osprey platform on February 11, 2013. This is the second successful gas well CIE has brought online in the last two weeks. The company estimates a minimum of 1.2 BCF of remaining reserves should be available from the zone. Immediately prior to going off production in December of 2003, the well was producing in excess of 2.0 MMcfd. In its Tennessee operations, Miller completed its second successful horizontal oil well in the Fort Payne formation, the Maynard H-1, on February 4, 2013.The Maynard H-1 showed the same traits as the CPP-H-1 well with shows of oil and gas throughout the horizontal section of the well and is presently flowing back oil and treatment fluid.
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