Mar. 25, 2010 (Baystreet.ca) --
MISSISSAUGA, Ontario, March 25, 2010 -- AllPennyStocks.com
Media, Inc. (http://www.AllPennyStocks.com/)
announces its latest article titled “Small-Cap Oil Firm Reports Record Q3
Companies mentioned in this article include Miller Energy
Resources Inc. (OTCBB: MILL).
Given the volatility of the petroleum industry these days,
the latest news emerging out of Tennessee this week had to grab oil watchers by
the lapels and shake them up a bit. Due largely to its Alaskan operations,
Huntsville, TN-based Miller Energy Resources Inc. (OTCBB:MILL) enthusiastically
proclaimed net income of $271.9 million, or about $12.44 per outstanding share,
for the fiscal quarter ending in January.
In no small way are the company’s activities in the union’s
49th state responsible for this dramatic flow of black ink. Earlier this month,
MILL announced that its Alaskan operations were producing “black gold”
amounting to 800 barrels of equivalent per day (BOED). Only a couple of weeks
later, MILL announced a total pro-forma asset value approaching half a billion
dollars, including oil and natural gas reserves valued at $372 million.
The full version of this article can be found at:
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