Miller Energy Resources, Inc. announced a substantial increase in the value of its reserves located in the Cook Inlet area of Alaska based on a report issued by Ryder Scott Company (RSC), an independent petroleum reserves engineering consulting firm.

The majority of the increase to the existing asset base is attributable to the success of the Sword-1 well, with recoverable reserves of 898 Mbbls and a PV-10 value of $63.4 million, RU-2A, with recoverable reserves of 1.5 MMbbls and a PV-10 value of $78.0 million, RU-1A with recoverable reserves of 1.0 MMbbls and a PV-10 value of $52.0 million, and RU-5A, with recoverable reserves of 516 Mbbls and a PV-10 value of $25.1 million.

Tags: Miller Energy Resources