Past year: ▼ 99%(0.30c – 72.5c USD)
Each one in plain English, with the numbers worked through for a shareholder.
24 June 2009asset acquisition disposition▲ GoodMajor
Two weeks after the Ky-Tenn deal, bought East Tennessee Consultants and its affiliate -- 377 wells, about 5,000 acres and, importantly, the operating staff -- for another 1,000,000 shares valued at $250,000, with the three sellers locked in for three years and one of them made vice-president of operations.
12 June 2009asset acquisition disposition▲ GoodMajor
Bought Ky-Tenn Oil's roughly 170 wells and 35,325 acres of Chattanooga Shale leases in Tennessee for 1,000,000 shares valued at just $320,000 -- the first of a run of acquisitions paid for in stock rather than cash under new chief executive Scott Boruff.
7 Nov 2008listing compliance notice▼ Bad
MILLER ENERGY RESOURCES, INC. withdrew a registration statement, abandoning the offering it covered.
21 Aug 2008auditor change▼ Bad
Replaced Rodefer Moss with Sherb & Co as auditor. The disclosure conceded that the prior year's audit report had carried a going-concern warning, driven by recurring losses and Wind City's right to force Miller to buy back 2.9 million shares for about $4.35 million it did not have.
19 June 2008director officer appointment● NeutralMajor
Sold its 27,620-acre Koppers leases and eight wells in Campbell County to Atlas Energy for $19.6 million -- but $10.6 million of that went straight to Wind City to settle the joint-venture dispute rather than to Miller, which kept $9.0 million, twelve retained wells and a repurchase option. The 2005 Wind City venture had cost Miller its best Tennessee acreage.
17 Mar 2008late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
17 Dec 2007late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
17 Sept 2007late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
22 Aug 2007listing compliance notice▼ BadMajor
Kicked off the OTC Bulletin Board for being late with its reports three times in two years, Miller dropped to the Pink Sheets without appealing -- the low point of its Tennessee era.
31 July 2007late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its annual report would be filed late.
31 May 2007capital raising announcement● NeutralMajor
Agreed to buy its way out of the Wind City joint venture and the litigation it had produced: $8 million to reacquire all the leases, wells and pipeline rights it had contributed and to repurchase Wind City's 2.9 million shares, with the lawsuits stayed until payment. The deal lapsed if Miller could not find the money by June 30 -- and Miller could not.
20 Mar 2007late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
18 Dec 2006late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
14 Sept 2006late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
31 July 2006late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its annual report would be filed late.
25 Apr 2006securities registration● Neutral
MILLER ENERGY RESOURCES, INC. registered a small-business securities offering with the SEC.
20 Mar 2006late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
27 Feb 2006material agreement● Neutral
Hired Ernest Payne as president on a three-year contract at $200,000 a year plus 500,000 restricted shares.
29 Dec 2005material agreement▲ GoodMajor
Formed Wind Mill Oil & Gas with Wind City Oil & Gas, contributing its Tennessee and Texas prospects against Wind City's $10 million cash, for 49.9% of the venture, and agreed to work exclusively for it for three years. Wind City separately bought 2,900,000 Miller shares. Within eighteen months the two would be suing each other.
16 Dec 2005late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
1 Nov 2005material agreement termination▲ GoodMajor
Golden Triangle and Norwest walked away after the first five wells, exercising their option to end the farm-in and hand back everything they had not already earned. Miller paid no penalty and regained full control of the 10,400-acre Koppers/Carden tract with five wells drilled entirely at the partners' expense -- a partner's loss of nerve that left Miller better off.
15 Sept 2005late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
1 Aug 2005late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its annual report would be filed late.
29 June 2005director officer appointment▲ GoodMajor
Signed a farm-in with Texas-based Golden Triangle Energy and Australia's Norwest Energy NL, who agreed to pay about $235,000 a well to drill on Miller's Campbell County, Tennessee leases in return for 75% of Miller's working interest; $1,175,000 was escrowed for the first five wells. Director Parker Lee resigned the same week.
13 May 2005material agreement● NeutralMajor
Borrowed $4.15 million from Prospect Energy Corporation and Petro Capital III on convertible notes secured by every oil and gas property, pipeline and asset the company owned, plus warrants over 1,000,000 shares at $0.50. The warrants attached to this deal would be litigated for five years.
16 Mar 2005late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
3 Feb 2005auditor change● Neutral
Miller Petroleum, then a small Tennessee gas driller, replaced sole practitioner Butch Grubb with Knoxville firm Rodefer Moss as its auditor -- a step up in formality, with no disagreements disclosed.
12 Dec 2003late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
28 July 2003late filing notice▼ Bad
MILLER ENERGY RESOURCES, INC. notified the SEC that its annual report would be filed late.
20 Dec 2001securities registration● Neutral
MILLER ENERGY RESOURCES, INC. filed the final prospectus for a registered offering.
