Court Dismisses CNX Lawsuit Against Miller Petroleum
17 Décembre 2008 - 9:53PM
PR Newswire (US)
HUNTSVILLE, Tenn., Dec. 17 /PRNewswire-FirstCall/ -- Miller
Petroleum, Inc. (Pink Sheets: MILL) announced today that the
Chancery Court for Campbell County issued a ruling on December 16,
2008 dismissing all claims asserted against Miller Petroleum, Inc.
in the action styled CNX Gas Company, LLC v. Miller Petroleum,
Inc., Atlas America, LLC and Wind City Oil & Gas, LLC, Civil
Action No. 08-071. The Court granted Miller's Motion for Summary
Judgment, finding that there was no basis for the claims of CNX
that Miller violated the terms of a Letter of Intent previously
entered into by them. Miller CEO Scott M. Boruff commented that,
"We always considered this a frivolous lawsuit and are presently
evaluating our options for a counter-suit against CNX based upon
this outcome. Fortunately, we anticipated this ruling and
concentrated instead on executing our ambitious business plan
moving forward." About Miller Petroleum Miller Petroleum, Inc. is
an oil and natural gas exploration, production and drilling company
operating primarily in the heart of Tennessee's prolific and
hydrocarbon-rich Appalachian Basin. Company chairman Deloy Miller
has a successful track record spanning more than forty years in
this Basin's oil and gas industry. Since 1967, Miller Petroleum has
drilled or serviced over 5200 wells. This experience has positioned
Miller as one of Tennessee's premier energy companies. Forward
Looking Statements Certain matters discussed within this press
release are forward-looking statements. Although Miller Petroleum,
Inc. believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Factors that
could cause actual results to differ materially from expectations
include financial performance, regulatory changes, changes in local
or national economic conditions and other risks detailed from time
to time in Miller's reports filed with the SEC, including quarterly
reports on Form 10-Q, reports on Form 8-K and annual reports on
Form 10-K. DATASOURCE: Miller Petroleum, Inc. CONTACT: Scott M.
Boruff of Miller Petroleum, Inc., +1-423-663-9457, Fax:
+1-423-663-9461 Web site: http://www.millerenergyresources.com/
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