Miller Energy Resources' CEO Scott M. Boruff Named 2009 Tennessee Oil Man of the Year

HUNTSVILLE, Tenn., May 19 /PRNewswire-FirstCall/ -- Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (Nasdaq: MILL) announced today that its CEO, Scott M. Boruff has been named the 2009 Tennessee Oil Man of the Year by the Tennessee Oil and Gas Association (TOGA). The award was presented by the company's Chairman of the Board, Deloy Miller on May 13th at the annual TOGA convention held in Knoxville, TN.  Deloy Miller is also a past recipient of the award.

In 2009 Miller completed two acquisitions in Tennessee and one in Alaska.  The Tennessee acquisitions, completed in June of 2009, have resulted in Miller becoming the largest owner/operator of oil and natural gas wells in the state. In December of 2009, Miller completed the largest acquisition in the forty-year history of the company by acquiring certain assets from Pacific Energy Resources in Cook Inlet, Alaska.  Miller recently announced that its operations in Alaska were producing over 1,100 BOED and that the value of its reserves have increased 48% to over $540 Million PV-10 (SEC) and to over $862 Million PV-10 (NYMEX).  

"It is an honor to receive the Tennessee Oil Man of the Year award," said Scott M. Boruff, Miller Energy Resources' CEO.  "This award really should have been designated for our entire company. The tremendous accomplishments in 2009 at Miller Energy Resources could not have been achieved without the hard work and dedication of the team we have assembled within our organization and I want to thank them all.  In 2009 we built the foundation for the future at Miller and this has translated into a great start in 2010 for our company as we continue to effectively execute our ambitious business plan moving forward while adding value for our shareholders."  

About Miller

Miller Energy Resources is a high growth oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America.  Miller's focus is in Cook Inlet, Alaska and in the heart of Tennessee's prolific and hydrocarbon-rich Appalachian Basin including the Chattanooga Shale.  Miller is headquartered in Huntsville, Tennessee with offices in Anchorage, Knoxville and New York City.  The company's common stock is listed on The NASDAQ Stock Market under the symbol MILL.

Statements Regarding Forward-Looking Information

Certain statements in this press release and elsewhere by Miller Energy Resources are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions.  Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by Miller Energy Resources and described in the forward-looking statements.  These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, fluctuations in the US dollar and other currencies, the availability of sufficient capital to fund its anticipated growth, fluctuations in the prices of oil and gas, the competitive nature of its business environment, its dependence on a limited number of customers, its ability to comply with environmental regulations, changes in government regulations which could adversely impact its businesses well as other risks commonly associated with the exploration and development of oil and gas properties.  Additional information on these and other factors, which could affect Miller's operations or financial results, are included in Miller Energy Resources' reports on file with United States Securities and Exchange Commission.  Miller Energy Resources' actual results could differ materially from those anticipated in these forward- looking statements as a result of a variety of factors, including those discussed in its periodic reports that are filed with the Securities and Exchange Commission and available on its Web site (www.sec.gov).  All forward-looking statements attributable to Miller Energy Resources or to persons acting on its behalf are expressly qualified in their entirety by these factors.  Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  We assume no obligation to update forward-looking statements should circumstances or management's estimates or opinions change unless otherwise required under securities law.

Web Site: http://www.millerenergyresources.com

SOURCE Miller Petroleum, Inc.