- Miller Energy (NYSE:MILL +70.5%) soars after issuing a "clarifying statement" that says it "does not intend, under current circumstances, to file for bankruptcy; yesterday, the company expressed "substantial doubt" about its ability to continue as a going concern.
- MILL says it recently signed a non-binding letter of intent with a private financing source for a loan that would substantially refinance its existing indebtedness, and is evaluating proposals that would complement a primary refinancing.
- MILL also says it received a ~$33M tax credit certificate from the state of Alaska and expects to receive another $9.4M within a few months.