31 Mar 2011listing compliance notice▲ GoodMajor
the New York Stock Exchange certified MILLER ENERGY RESOURCES, INC.'s securities for listing, clearing them to begin trading.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2011listing compliance notice▲ GoodMajor
Left Nasdaq voluntarily for the New York Stock Exchange, keeping the ticker MILL -- eighteen months after being confined to the Pink Sheets, and the high-water mark of the company's respectability.
22 Mar 2011quarterly activities report▼ Bad
MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $6.4 million and a net loss of $87 thousand for the period ended 2011-01-31.
22 Mar 2011quarterly activities report▼ Bad
MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $6.4 million and a net loss of $87 thousand for the period ended 2011-01-31.
18 Mar 2011financial restatement▼ BadMajor
Told investors not to rely on its first two quarterly reports of the year: it had failed to accrete its well-abandonment obligations, mis-stated depreciation and depletion on the Alaskan assets, and wrongly booked expected Alaska tax credits. The first crack in the accounting behind the Alaska acquisition.
18 Mar 2011late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
17 Mar 2011director officer appointment▼ BadMajor
Agreed with Alaska's Department of Natural Resources to post an $18 million performance bond for eventually dismantling the Redoubt Shoal field, payable in annual instalments from 2013; about $6.6 million left behind by the previous owner counts towards it. The clean-up cost that came free with the bargain Alaska assets now had a number and a schedule.
15 Mar 2011director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Don A Turkleson received a stock option grant for 100,000 shares.
15 Mar 2011director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. President and CEO Scott M Boruff received a stock option grant for 2,500,000 shares.
14 Feb 2011substantial holder notice● Neutral
Seaside, William J. Ritger, Denis M. O'Donnell reported a MILLER ENERGY RESOURCES, INC. shareholding of 3,276,244 shares (8.54% of votes) in a periodic institutional filing.
4 Feb 2011auditor change▲ GoodMajor
Hired KPMG to replace Sherb & Co -- a Big Four auditor for a company with a $325 million reserve claim resting on a $2.25 million purchase. Within six months that relationship would produce the company's worst crisis.
28 Jan 2011director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak bought 4,501 shares on the open market at $5.00.
25 Jan 2011director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak bought 5,499 shares on the open market at $5.00.
19 Jan 2011director interest notice● Neutral
Don A Turkleson became a MILLER ENERGY RESOURCES, INC. director and company insider (initial ownership filing).
29 Dec 2010director officer appointment▼ Bad
Took a $5 million short-term line from PlainsCapital Bank, personally guaranteed by chairman Deloy Miller and chief executive Scott Boruff, who each pledged their own shares as security. A newly Nasdaq-listed company whose officers must guarantee a two-month bridge loan is not a company banks are comfortable with.
10 Dec 2010quarterly activities report▼ Bad
MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $5.6 million and a net loss of $4.1 million for the period ended 2010-10-31.
9 Dec 2010capital raising announcement● Neutral
Settled the five-year fight over the warrants issued in the 2005 Prospect financing by giving Prospect Capital 2,013,814 shares on a cashless exercise. With an October settlement with Petro Capital, every claim arising from that 2005 loan was finally closed out.
26 Nov 2010material agreement▲ GoodMajor
Alaska's regulator approved a settlement cutting the pipeline tariff Cook Inlet Energy pays Chevron's Cook Inlet Pipe Line -- its only route to market -- by $6.57 to $8.00 a barrel, in return for Miller committing to minimum annual volumes through 2014. A direct, permanent improvement to the economics of every barrel it produced.
13 Sept 2010quarterly activities report▼ Bad
MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $4.4 million and a net loss of $1.1 million for the period ended 2010-07-31.
25 Aug 2010securities registration● Neutral
MILLER ENERGY RESOURCES, INC. filed the final prospectus for a registered offering.
23 Aug 2010director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak bought 10,000 shares on the open market.
19 Aug 2010quarterly activities report▼ Bad
MILLER ENERGY RESOURCES, INC. reported quarterly revenue of $4.4 million and a net loss of $1.1 million for the period ended 2010-07-31.
13 Aug 2010securities registration● Neutral
MILLER ENERGY RESOURCES, INC. registered a securities offering with the SEC.
9 Aug 2010director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak bought 7,500 shares on the open market at $4.88.
2 Aug 2010director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Merrill A/ Mcpeak received a stock option grant for 100,000 shares.
2 Aug 2010director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director David J Voyticky received a stock option grant for 100,000 shares.
2 Aug 2010director interest notice● Neutral
MILLER ENERGY RESOURCES, INC. director Jonathan S Gross received a stock option grant for 100,000 shares.
27 July 2010director interest notice● Neutral
Herman Gettelfinger became a MILLER ENERGY RESOURCES, INC. director and company insider (initial ownership filing).
27 July 2010director interest notice● Neutral
Paul W Boyd became a MILLER ENERGY RESOURCES, INC. CHIEF FINANCIAL OFFICER and company insider (initial ownership filing).
27 July 2010director interest notice● Neutral
Jonathan S Gross became a MILLER ENERGY RESOURCES, INC. director and company insider (initial ownership filing).