Miller Energy - Tennessee - Mississippi Lime Play (Ft. Payne)
Looks like Miller Energy has hit a nice well in the Ft. Payne (Mississippian aged Limestone).
They appear to be gearing up to drill another 3 wells.
I post this because Atlas has a nice slew of acreage in this area, much of which is held by production from vertical wells drilled in the Knox, Ft, Payne, Mongteagle etc. Atlas also drilled quite a few horizontals into the Chattanooga shale back in '08.
If this play turns out to be a good oil play (and, I say that tongue in cheek because Miller is prone to touting), then Atlas may have another nice oil play that they can park private drilling partnership funds in. I don't believe Miller mentioned the drilling cost, so hard to guage how attractive it will be...but certainly something worth watching. I hope Atlas has quality acreage in the area.