Miller Reworks Well in Alaska

Miller has completed the rework of its West McArthur River Unit (WMRU) 1A well which initially tested at 33 BOED and is now in full production. This marks the third straight successful well recompletion on three attempts for Miller in Alaska this year. Earlier in 2010, Miller announced the successful recompletion of the WMRU-5 and WMRU-6 wells from the same field.

Recompletion on the WMRU-1A well entailed setting a plug to isolate watered out zones and perforating in certain crude oil bearing Hemlock formations. These same zones were recently perforated in the WMRU-5 and WMRU-6 wells to great success. The WMRU-1A well had been shut in due to high water cut since early 2000.

Miller's next focus in Alaska is the WMRU-7A well, where workover efforts are already under way. The rework of this well is intended to establish oil production from the currently producing Hemlock formation and natural gas production from the Tyoneck gas sand formation. A gross sand interval of approximately 60 feet has been identified in the well and is considered the largest zone that has been observed field-wide.

"I'm very pleased with the success of the rework of the WMRU-1A well in light of the technical challenges we knew we would have to overcome to be successful. This very same project was attempted by a previous operator without success," said Scott M. Boruff, Miller CEO, "I want to thank the experienced Miller team in Cook Inlet, Alaska for their continued great work as they again recompleted the well ahead of projected timetables, in excess of projected production and on budget. This is another example of excellence at Miller as we continue to effectively execute our ambitious business plan, while adding value for our shareholders."