Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

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?

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.

Tags: