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MILLER ENERGY RESOURCES, INC.

US:MILLUS:MILL-PCUS:MILL-PD
No current share price held for this company.

Past year: ▼ 99%(0.30c – 72.5c USD)

Market cap
—
Shares on issue
—
Story beats
55 since 2005
Last event
29 Mar 2016

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

25 Nov 2013capital raising announcement▲ GoodMajor

Agreed to buy the North Fork gas field and its pipeline company from Armstrong Cook Inlet and partners -- about 15,465 net acres in Cook Inlet -- paying partly in $5 million of Series D preferred stock, and announced first results from the Sword No. 1 well the same day.

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31 Oct 2013quarterly activities report▼ Bad

MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $18.8 million and a net loss of $5.0 million for the period ended 2013-10-31.

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17 Oct 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.

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17 Oct 2013material agreement▼ BadMajor

Opened a $75 million at-the-market facility for the Series D preferred, noting plainly that if the credit facility barred Miller from paying its December preferred dividends from any other source, it might pay them out of the proceeds of this offering -- selling preferred stock to pay preferred dividends.

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27 Sept 2013listing compliance notice▲ GoodMajor

the New York Stock Exchange certified MILLER ENERGY RESOURCES, INC.'s securities for listing, clearing them to begin trading.

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26 Sept 2013bylaws amendment● NeutralMajor

Launched a second listed preferred, the 10.5% Series D, selling 1,000,000 shares at the full $25.00 for about $25 million. Cheaper than the Series C had become, but a third layer of dividends now sat ahead of the common stock.

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26 Sept 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.

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25 Sept 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a free-writing prospectus - marketing material for an offering in progress.

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24 Sept 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.

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19 Sept 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Herman Gettelfinger sold 7,932 shares at $6.62.

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9 Sept 2013quarterly activities report▼ Bad

MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $13.0 million and a net loss of $6.9 million for the period ended 2013-07-31.

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9 Sept 2013quarterly activities report▼ Bad

MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $13.0 million and a net loss of $6.9 million for the period ended 2013-07-31.

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14 Aug 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. CAO Catherine A Rector exercised stock options for 15,000 shares and disposed of 30,000 shares.

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8 Aug 2013director interest notice● Neutral

Marceau Schlumberger became a MILLER ENERGY RESOURCES, INC. director and company insider (initial ownership filing).

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8 Aug 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Marceau Schlumberger received a stock option grant for 100,000 shares.

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5 Aug 2013debt financing▼ BadMajor

Paid Apollo a $300,000 fee for a sixth amendment that added $20 million of borrowing capacity, drawn immediately, at a temporarily reduced 9% -- reverting to 18% if not repaid by January 2014. Miller was now borrowing against Alaska state tax credits it had not yet received.

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31 July 2013dividend declaration● Neutral

Declared dividends on both preferred series again, $6.05 on the Series B and $0.67 on the Series C.

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26 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. SVP and General Counsel Kurt C Yost received 1,960 shares as part of the equity award.

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18 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Charles M Stivers received a stock option grant for 40,000 shares.

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18 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Gerald Hannahs received a stock option grant for 40,000 shares.

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18 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak received a stock option grant for 40,000 shares.

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18 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Don A Turkleson received a stock option grant for 60,000 shares.

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18 July 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Herman Gettelfinger received a stock option grant for 40,000 shares.

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12 July 2013material agreement▼ Bad

Apollo granted a fifth waiver, pushing the covenant compliance date to October 2013 and giving Miller more time to deliver its reserve report and an appraisal of its own hard assets -- the deadlines a lender extends when it does not want to know the answer yet.

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3 July 2013drilling progress report▲ GoodMajor

A burst of Alaskan operational news in ten days: the RU-2A well brought online, the Sword No. 1 and Olson Creek No. 1 wells spudded, a sidetrack begun on RU-1, a new commercial gas sales contract -- and a correction to its own press release, which had understated an RU-1 production figure as 3,000 rather than 4,000 barrels of oil equivalent a day.

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28 June 2013material agreement▼ Bad

A fourth Series C sale, 335,000 shares at $21.50 for $7.2 million -- smaller and cheaper again than the three before it.

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28 June 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.

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27 June 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a free-writing prospectus - marketing material for an offering in progress.

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26 June 2013securities registration● Neutral

MILLER ENERGY RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.

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17 May 2013director interest notice● Neutral

MILLER ENERGY RESOURCES, INC. director Herman Gettelfinger bought 1,000 shares on the open market at $4.03.

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