Miller Petroleum Inc., d/b/a Miller Energy Resources, an oil and natural gas exploration, production, and drilling company said March 31 that it is transferring the listing of its common stock from the NASDAQ Global Market to the New York Stock Exchange.
The company expects to begin trading on the NYSE on April 12, 2011, under its new name, Miller Energy Resources Inc., and its current ticker symbol “MILL.” On April 13, the Miller Energy Resources team will ring the opening bell at the New York Stock Exchange. The company will continue to trade under the ticker symbol “MILL” on the NASDAQ until the transfer is completed.
“It is gratifying to see Miller’s shares listed on the NYSE, as this milestone marks an important step in our ongoing growth efforts by raising the profile of our company within its industry,” said Miller CEO Scott M. Boruff. “The NYSE is home to many of the world's most well established energy companies and we believe it provides excellent exposure and the ideal trading platform as we continue to generate long term value for our shareholders.”
“We are pleased to welcome Miller Petroleum to the NYSE,” said Scott Cutler, executive vice president and co-head of US listings and cash execution for NYSE Euronext. “By joining the NYSE, Miller Petroleum is aligning itself with many of the world’s leading energy companies. Miller Petroleum and its shareholders will benefit from the superior market quality and services provided by listing on NYSE Euronext, and we look forward to a strong, lasting partnership.”
Miller is a high-growth oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska, and in the heart of Tennessee’s prolific and hydrocarbon-rich Appalachian Basin including the Chattanooga Shale. Miller is headquartered in Huntsville, Tenn., with offices in Anchorage, Alaska, and Knoxville, Tenn.