Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, August 14, 9:41 PM

This Slide: #464 of 582

Slide #464. Miller Energy Resources, Inc. — Preferred Stock Offering

Company:	Miller Energy Resources, Inc. (MILL)
Date announced:	6/27/2013
Security type:	10.75% Series C Cumulative Redeemable Preferred Stock (MILL.PRC)
Price Per Share:	$21.50
Preferred Stock Offering Details:	Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has priced an underwritten public offering of its 10.75% Series C Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share) (the "Series C Preferred Stock") at a public offering price of $21.50 per share. The Series C Preferred Stock is currently traded on the New York Stock Exchange, LLC, or NYSE, under the ticker symbol MILLprC.

Miller Energy Resources is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration, development and operation of oil and gas wells in the Appalachian region of east Tennessee and in southcentral Alaska. Co.'s Alaskan activities include the Cook Inlet, Susitna Basins, and North Fork Unit. Occasionally, during times of excess capacity, Co. provides these services on a contract basis to third-party customers primarily engaged in oil and natural gas exploration and production. As of Apr 30 2014, Co.'s net proved oil and gas reserves were 6.10 billion barrels of oil and 27.64 billion cubic feet of natural gas.

Preferreds: MILL.PRC, MILL.PRD