Miller Energy President David Voyticky Resigns - Quick Facts

(RTTNews) - Oil and natural gas exploration, production and drilling company Miller Energy Resources, Inc. (MILL) announced Tuesday that its President, David Voyticky, has resigned his position with the Company to pursue other opportunities. Voyticky's responsibilities will be absorbed by other Miller executives.

Voyticky has been with the firm for the past four years.

Scott Boruff, Miller's CEO, said, "During his tenure, the Company's cost of capital has been reduced from a high of 25% to our most recent borrowing at LIBOR plus 300 to 400 basis points. Over that time, Miller has raised hundreds of millions of dollars to fund our successful drilling program and acquisition strategy, and David played a key role throughout. He leaves Miller knowing that we are well positioned to focus on further expanding our production, reserves and cash flows."