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Miller Energy
Resources, Inc.
MILL (the "Company") announced today that it
has commenced a new underwritten public offering of its 10.75% Series
C Cumulative Redeemable Preferred Stock (the "Series C Preferred
Stock"). MLV & Co. LLC, Maxim Group LLC, and Williams Financial Group
are acting as underwriters to offer and sell the Series C Preferred
Stock, on a "best efforts" basis. MLV & Co. LLC is acting as Sole
Book-Running Manager and Maxim Group LLC and Williams Financial Group
as Co-Managers for the offering. The Company intends to use the net
proceeds from the offering for general corporate purposes. The Series
C Preferred Stock is listed on the New York Stock Exchange ("NYSE")
under the symbol "MILLprC."
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