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News Breaks
August 20, 2014
08:21 EDTMILLMiller Energy increases total proved reserves from $361M to $448M
Miller Energy announced a substantial increase in the estimated value of its reserves located in the Cook Inlet area of Alaska in a recently issued reserve report commissioned by the company. Total proved PV-10 increased from $360.9M at April 30 to $447.6M at July 31. Miller CEO Scott M. Boruff stated, "This increase demonstrates reserve growth in our Alaskan assets, including Redoubt, West McArthur River and North Fork. As we prove up additional fault blocks at Redoubt and begin drilling out our promising Sabre prospect, we expect further meaningful additions to our reserves, as well as strong increases in production."
News For MILL From The Last 14 Days
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September 15, 2014
07:08 EDTMILLMiller Energy names Carl Giesler as CEO
Miller Energy Resources makes significant changes to senior leadership as part of a corporate shift that will include the potential MLP-monetization of its substantial midstream assets, and provides an update on drilling operations and on a non-binding letter of intent to purchase substantially all the operating assets of Buccaneer Energy in Alaska. Carl F. Giesler, Jr. joins Miller as CEO and a member of the board of directors. Scott M. Boruff is now executive chairman of the company. The company also announces that Deloy Miller will retire as chairman of the board and resign as a director.
September 9, 2014
18:34 EDTMILLMiller Energy reports Q1 average net production up 144% YoY to 3,313 boe/d
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16:55 EDTMILLMiller Energy reports Q1 EPS (34c), consensus (19c)
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