News: Miller Receives Tax Credits $MILL

Miller Energy Resources, Inc. has announced that is has received from the State of Alaska a tax credit certificate in the amount of approximately $33.0 million. The Company has already received approximately $9.3 million of that amount in cash and expects to receive the remainder in the next few weeks.

Relatedly, management has reduced combined operating and G&A costs by approximately $9 million on an annualized basis and reduced capex incurred to less than $7 million in the last quarter.

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