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MILL > SEC Filings for MILL > Form 8-K on 31-Oct-2013All Recent SEC Filings

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Form 8-K for MILLER ENERGY RESOURCES, INC.


31-Oct-2013

Results of Operations and Financial Condition, Regulation FD Disclo


Item 2.02 Results of Operations and Financial Condition.

On October 31, 2013 Miller Energy Resources, Inc. (the "Company") issued a press release announcing certain of its operational results pertaining to the volume of oil sold during its fiscal quarter ending on October 31, 2013. An error was made in the release, comparing these results to the "prior quarter" instead of the "same period in the prior fiscal year." Additionally, a typographical error was made wherein we stated that we expect to "spud the RU-9 well before end of 2014." This statement should have read "before the end of 2013." A copy of the corrected press release is furnished as Exhibit 99.1 to this report.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 2.02 of Form 8-K, including Exhibit 99.1, is being furnished pursuant to Item 2.02 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of Miller Energy Resources, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.



Item 7.01 Regulation FD Disclosure.

As disclosed in Item 2.02 above, on October 31, 2013, the Company issued a press release announcing certain of its operational results pertaining to the volume of oil sold during its fiscal quarter ending on October 31, 2013. An error was made in the release, comparing these results to the "prior quarter" instead of the "same period in the prior fiscal year." Additionally, a typographical error was made wherein we stated that we expect to "spud the RU-9 well before end of 2014." This statement should have read "before the end of 2013." A copy of the corrected press release is furnished as Exhibit 99.1 to this report.

In connection with the announcements contained in that press release, and as previously announced, the Company estimates that it will be producing at 4,000 barrels of oil equivalent per day by the end of this calendar year.

As disclosed in Item 8.01 below, also on October 31, 2013, the Company issued a press release announcing the declaration of a dividend on both its 10.75% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") and its 10.5% Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock ("Series D Preferred Stock"). Attached as Exhibit 99.2 is our press release relating to the dividends referred to in Item 8.01 below.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 of Form 8-K, including Exhibits 99.1 and 99.2, is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of Miller Energy Resources, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.



Item 8.01 Other Events.

On October 17, 2013, the Board of Directors of the Company declared a quarterly dividend of $0.671875 per share on the Series C Preferred Stock. The dividend payment is equivalent to an annualized 10.75% per share, based on the $25.00 per share stated liquidation preference, accruing from September 2013, through November 2013. The record date will be November 15, 2013, and the dividend will be payable on December 2, 2013.

Also, on October 17, 2013, the Board of Directors of the Company declared a dividend of $0.4448 per share on the Series D Preferred Stock. We first issued the Series D Preferred Stock on September 30, 2013. The dividend payment is equivalent to an annualized 10.5% per share, based on the $25.00 per share stated liquidation preference, accruing from its issuance date through November 2013. The record date will be November 15, 2013, and the dividend will be payable on December 2, 2013.




Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.   Financial Statements and Exhibits
99.1          Press release dated October 31, 2013 regarding operational update
99.2          Press release dated October 31, 2013 regarding dividends


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