One-Page Deal Sheet
Miller Energy Resources Acquires Savant Alaska LLC
Miller Energy Resources, Inc. Savant Alaska Llc
Announced Date
May 14,2014
Effective Date
May 01,2014
Close Date
December 12,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
7
Asset/Basin:
{"Alaska North Slope","Badami Unit"}
TargetZones:
{"Killian sand"}
Net Acres
% Oil:
PDP PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Country
United States
State
Alaska
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Residual Metrics Residual Value
Transaction Details: Subscribe to see
Closing Announcement - December 12, 2014
Miller Energy Resources, Inc. has closed its acquisition of Savant Alaska, LLC for a net cash price of $6.5 million, after adjustment for the May 1, 2014 effective date.
This acquisition will immediately add approximately 600 Bopd net to Miller's production.
Initial Announcement - May 14, 2014Miller Energy Resources, Inc. announced that the Company has signed a binding agreement to acquire Savant Alaska, LLC, subject to due diligence and regulatory approval, for $9.0 million in cash. Savant would become a wholly-owned subsidiary of Miller.
Through…
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