Miller Energy Resources Promotes David Wright to EVP

KNOXVILLE, Tenn., May 9, 2012 /PRNewswire/ -- Miller Energy Resources ("Miller") (NYSE: MILL) announced today that it has promoted David B. Wright to Executive Vice President – Tennessee Operations.  Mr. Wright will oversee the day-to-day operations in Tennessee as well as the long term strategies for development of Miller's Tennessee acreage, emphasizing new oil production from the Mississippian Lime.  He has over 30 years of experience in the oil and gas industry in Tennessee, and will use this experience to further enhance the Tennessee operations with strategic drilling of new wells, re-works of old wells, new acquisitions, and consolidation of existing properties.  Mr. Wright is a registered professional geologist in Tennessee, as well as a member of the American Association of Professional Landmen.  He has previously served as Vice President – Land, and has worked for Miller for over 10 years.

Also receiving a promotion is Chris Reneau, Miller's former Service Manager.  Mr. Reneau, who has been employed by Miller for three years, will serve as Miller's new Tennessee Field Operations Manager, and report to Mr. Wright.  In his new position, Mr. Reneau will be responsible for overseeing Miller's service crews, logistics and documentation of daily field activities in Tennessee, along with coordinating outside contractors and vendors. 

"David Wright has been a valuable member of the Miller team for many years, and this promotion is a natural progression of his hard work and dedication to our company," stated Scott M. Boruff, Chief Executive Officer of Miller Energy Resources.  "We believe David is the right man to lead our Tennessee operations as we look to increase production by drilling new wells on our existing acreage.  We are also pleased to recognize the significant contributions of Chris Reneau to our company, and look forward to benefitting from his expanded role in our daily operations," Mr. Boruff concluded.

About Miller Energy Resources

Miller Energy Resources, Inc. 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 Knoxville, Tennessee with offices in Anchorage, Alaska and Huntsville, Tennessee.  The company's common stock is listed on the NYSE under the symbol MILL.

Statements Regarding Forward-Looking Information

Certain statements in this press release and elsewhere by Miller Energy Resources¸ Inc. 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, Inc. 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, Inc.'s reports on file with United States Securities and Exchange Commission including its Annual Report on Form 10-K, as amended, for the fiscal year ended April 30, 2011.  Miller Energy Resources, Inc.'s 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 Energy Resources