SOURCE: The Bedford Report

The Bedford Report

September 12, 2011 08:16 ET

Samson Oil and Miller Energy Tap Into Rich North American Resources

The Bedford Report Provides Investment Research on Samson Oil & Miller Energy Resources

NEW YORK, NY--(Marketwire - Sep 12, 2011) - The Bedford Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (NYSE Amex: SSN) (ASX: SSN) and Miller Energy Resources, Inc. (NYSE: MILL). Access to the full company reports can be found at:

In the early days of September, oil prices have been on a downturn on concerns that the US could fall back into recession, and continuing anxiety about Eurozone debt levels. Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt, argues that oil prices could be falling further were it not for growing optimism that the US central bank, the Federal Reserve, will announce new measures later this month to try to stimulate the US economy.

Despite a disappointing couple months, the price of oil remains exceptionally high. The latest Bord Gais Energy Index shows that wholesale prices are nearly 30 percent higher than this time last year.

The Bedford Report releases investment research on the Oil & Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

With oil prices remaining near 52 week highs, energy companies continue to boost production. Samson Oil & Gas Limited owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. The company recently said that second quarter production increased by 63% over the prior quarter following the successful completion to two wells in the North Stockyard field.

Miller Energy Resources is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basis in North America. Last week the company said oil production rose to 355,596 barrels in fiscal 2011 compared with 86,597 in fiscal 2010. Alaskan operations accounted for approximately 92% of oil production in fiscal 2011 and Tennessee operations accounted for approximately 8%.

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