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EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc.

Miller Energy Resources, Inc. · Aug 16, 2012 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 1
    Miller Energy Resources August 16, 2012 / EnerCom Conference Denver
  2. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 2
    Company Snapshot Stock Ticker (NYSE) MILL Equity Market Cap as of 8/7/12 ( shares outstanding) 175 MM Shares Outstanding 41.9 MM Insider Ownership of Outstanding Shares 34% Proved Oil Reserves (P1) 9.03 MMBOE % of Proved Reserves…
  3. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 3
    Financing Highlights Approx. 24MM of Equity Raised Since December 2009, including 10MM of preferred in April 2012. 100MM Five Year Senior Secured Credit Facility Provided by Apollo Inv. Corp. 55MM Current Borrowing Base.…
  4. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 4
    The Miller Advantage Scott Boruff, CEO: Led company through listing transition from Pink Sheets to NYSE. 25 years in senior level M&A, Corporate Finance, and Development. David Voyticky, President, Acting CFO: 15 years M&A, Corporate…
  5. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 5
    2012 Drilling Plans OFF SHORE ON SHORE April *KF-1 - Disposal Well June July August RU-1 - 300 boe (Oil) Otter A 500 boe (Gas) Sept. RU-2 - 600 boe (Oil) Otter B - 500 boe (Gas) Oct. RU-3 - 250 boe (Oil) Nov. Olsen Creek 500 boe(Gas)…
  6. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 6
    The Miller Advantage Miller Operates 98% of Net Production Operational Control Control Equals Cost Savings Significant Low Hanging Fruit (Low Risk/High Return) Favorable Tax Incentives in Alaska for up to 65% of Exploration Costs…
  7. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 7
    Reserves - Proved with Upside Total Reserves 53.6 MMBOE Proved Reserves SEC Case: PV-10 1.543 Billion 9.043 MMBOE SEC CASE: PV-10 446.7MM Large Drilling Inventory PROBABLE (P2) 9.0 MMBOE PV-10 387MM PUD 6.5 MMBOE PV-10…
  8. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 8
    Miller Basins 95% 5% Cook Inlet, Alaska The Southern Appalachian Basin
  9. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 9
    Alaskas Bakken Majors out / Independents In Buccaneer, Apache, Hilcorp, Armstrong, Furie, Linc, Nordaq. Potential local gas shortage Brownout warnings Plans to import LNG Under-explored basin (USGS study) Estimated 600 MMBO & 19…
  10. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 10
    Tennessee Development Strategy Reworking existing stripper wells, Upgrade/replace lift systems, acid stimulation, etc. Own & Operate drill Rigs, Over 45 years experience. Exploit our Mississippi Lime oil. 50 horizontal drilling…
  11. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 11
    Substantial Value In Untapped Mid-Stream Assets - Osprey Platform - Kustatan Production Facility - 40+ miles of pipelines - Grind & Inject Unit (2 disposal wells) - Power - Trans-Foreland Pipeline* Plenty of excess capacity to handle…
  12. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 12
    Alaska - Osprey Platform Modern state of the art facility. Located 3.5 miles southeast of the Kustatan Production Facility. Located in only 60 feet of water. Originally designed for 21 wells producing 25,000 BOPD. Has room for…
  13. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 13
    Alaska - Kustatan Production Facility Processes crude oil and natural gas from Osprey Platform. Onsite natural gas well brought online in 2010 to power the facility. Produces sales quality oil per Cook Inlet Pipeline specs.…
  14. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 14
    Alaska - West McArthur River Unit Five onsite wells producing over 1,000 BOED brought back into production in 2010. Originally developed for seven well sites. Has potential to target untapped gas sands, which overlay much of…
  15. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 15
    Financial Performance December 2009- Alaska Acquisition 2009 2010 2011 2012 2013(est) Lease & 14,489 667,938 719,546 723,727 736,318 Exploratory Acres SEC Case 2.2MM 867MM 1.167B 1.54B 1.8B (est) Reserves 0f Wells 52 525 393…
  16. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 16
    Investment Highlights What Makes Miller Energy Compelling 1. Assets: Miller is a turn-key operator with Production Facilities, Off-shore platform, Gathering lines, Seismic, Rigs, Rolling stock, Crews, etc Recently built and placed Rig…
  17. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 17
  18. EnerComs The Oil and Gas Conference – Miller Energy Resources, Inc. – slide 18
    Contact Information Robert L. Gaylor Senior Vice President Miller Energy Resources 9721 Cogdill Rd, Suite 302 Knoxville, Tennessee 37932 Phone: 865-223-6575 Direct: 865-392-4246 bobbymillerenergyresources.com…

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