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Miller Adds Marceau to its Board of Directors

Source: www.gulfoilandgas.com 7/29/2013, Location: North America

Miller Energy Resources ("Miller" or the "Company") announced that it has elected Marceau Schlumberger to its Board of Directors. Mr. Schlumberger will be Miller's sixth independent director, with the Company increasing the size of its Board by one to add his substantial experience to its ranks.

Mr. Schlumberger, 41, has nearly twenty years of investment banking experience, including international and domestic mergers and acquisitions, restructuring, strategic analysis, and financing experience. In 2008, he founded Coral Reef Capital, a private investment firm focused on U.S. natural resources companies, and since then, he has been its managing member. Prior to founding Coral Reef Capital, Mr. Schlumberger was a principal at Columbus Nova, an associate at Triumph Capital, an investment banking analyst and founding member of the Asia Group at Smith Barney, and a financial analyst at Zilkha Capital Partners. He has advised both domestic and multinational corporations and financial sponsors on mergers, acquisitions, divestitures, joint ventures, cross-border transactions, and capital-raising activities.

Mr. Schlumberger currently sits on the Board of Directors for Armada Oil, Inc. (OTCQB: AOIL), Rawhide Mining, Shawnee Exploration, and Microline Surgical Inc. He has an M.B.A. from the Wharton School, University of Pennsylvania, and a B.A. in East Asian Studies from Yale University. Mr. Schlumberger is fluent in French and Spanish, and has an advanced proficiency in Japanese, and an intermediate proficiency in Mandarin Chinese.

"I am happy to welcome Marceau onto the Miller Energy Board," said Scott M. Boruff, Miller's CEO. "We look forward to benefiting from his capital markets and industry experience. With three drilling rigs currently running, Miller has an aggressive development program underway. The Company has entered a period of asset and production growth and Marceau brings valuable experience to the team as we manage this phase of Miller's development."

"Miller's recent successes and development milestones have positioned the company for marked near term growth," stated Marceau Schlumberger. "I welcome the opportunity to bring insight and new opportunities that will result in increased shareholder value and capital markets support."



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