SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
September 6, 2000
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Date of Report
(Date of Earliest Event Reported)
MILLER PETROLEUM, INC.
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(Exact Name of Registrant as Specified in its Charter)
TENNESSEE 33-2249-FW 62-1028629
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(State or other (Commission File No.) (IRS Employer I.D. No.)
Jurisdiction)
3651 Baker Highway
Huntsville, Tennessee 37756
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(Address of Principal Executive Offices)
Registrant's Telephone Number
(423) 663-9457
N/A
(Former Name or Former Address if changed Since Last Report)
<PAGE>
Item 2. Acquisition or Disposition of Assets.
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Pursuant to a Purchase and Sale Agreement (the "RAMI Resources
Agreement") between Miller Petroleum, Inc. ("Miller" or the "Company") and
NAMI Resources Company, LLC, a Kentucky limited liability company ("NAMI
Resources"), dated August 31, 2000, and closed on September 6, 2000, Miller
sold its interest in certain oil and gas wells, leases, inventory and related
equipment situated in Kentucky to NAMI Resources. The purchase price was
$2,000,000, and this sum was paid to Miller on closing.
The primary reason for the sale was that the assets sold were
located approximately two to three hours from the present principal operations
of Miller in East Tennessee. As a result, the Board of Directors believed
that the cost, expense and manpower involved in managing these assets at this
distance was too high for efficient management, and interfered with the
principal focus of the Company in East Tennessee.
RAMI Resources had previously purchased gas and oil from the Company
that was produced from oil and gas wells comprising a portion of these assets.
RAMI Resources had no other material relationship with Miller, and the RAMI
Resources Agreement was negotiated at "arms length."
Miller has utilized approximately $1,780,000 of this sum to pay a
note owed by it to BankOne, with the remaining amount to be allocated to
working capital.
Copies of the RAMI Resources Agreement and related exhibits that
describe the assets sold and other instruments are attached hereto and
incorporated herein by reference. See Item 7.
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements of Businesses Acquired.
None; not applicable.
(b) Pro-forma Financial Information.
None; not applicable.
(c) Exhibits.*
Description of Exhibit Exhibit
Number
Purchase and Sale Agreement 10.1
Exhibit A-Definitions
Exhibit B-Leases
Exhibit C-Interest in Leases
Exhibit D-Wells
Exhibit E-Compressors
Exhibit F-Assigned Contracts
Exhibit G-Allocation of Purchase Price
Exhibit H-Form of Assignment
Certificate of Executive Officer of Miller
Petroleum 10.2
Certificate of Executive Officer of Nami
Resources, LLC 10.3
Certificate of Incumbency-Nami Resources, LLC 10.4
Certificate of Incumbency-Miller Petroleum 10.5
* Summaries of any exhibit are modified in their
entirety by this reference to each exhibit.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to be
signed on its behalf by the undersigned hereunto duly authorized.
MILLER PETROLEUM, INC.
Date: 09/21/00 By:/s/ Lawrence LaRue
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Lawrence LaRue
Sec/Treas. and Director
