Carl Geisler, Chief Executive Officer, and Scott Boruff, Chairman of Miller Energy Resources (NYSE: MILL), presented today at EnerCom’s The Oil & Services Conference™ 13. Miller Energy Resources, Inc. is a domestic oil and natural gas exploration and production focused on Alaska. The Company’s enterprises encompass production and reserves onshore and offshore in the Cook Inlet area as well as the North Slope, approximately 100MBPD of storage and processing infrastructure, the Osprey offshore production platform, oil and gas pipelines and four owned drilling rigs. Miller manages its operations from Anchorage with additional administrative offices in the lower 48.
During the company’s breakout session, management was asked the following questions:
- How are you planning to handle the debt?
- Are you paying off debt or buying it back?
- Could you collectively put the pipeline and processing facilities into an IPO?
- On your producing oil properties what are your lifting costs?
- Is there much fluctuation in the gas price you get seasonally or year to year?
- Can it have volatility—the price?
- Is it more difficult than you thought when you joined the company?
- Your hedged production, you’ve got it all hedged—what was the philosophy?
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