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MILOQ.PFD (Miller Energy Resources) Intangible Assets : $0.00 Mil (As of Jan. 2015)


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What is Miller Energy Resources Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Miller Energy Resources's intangible assets for the quarter that ended in Jan. 2015 was $0.00 Mil.


Miller Energy Resources Intangible Assets Historical Data

The historical data trend for Miller Energy Resources's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Miller Energy Resources Intangible Assets Chart

Miller Energy Resources Annual Data
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Intangible Assets
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Miller Energy Resources Quarterly Data
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Miller Energy Resources Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Miller Energy Resources  (OTCPK:MILOQ.PFD) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Miller Energy Resources Intangible Assets Related Terms

Thank you for viewing the detailed overview of Miller Energy Resources's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Miller Energy Resources Business Description

Traded in Other Exchanges
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Address
Miller Energy Resources Inc was formed in Delaware in November 1985. In January 1997, it acquired Miller Petroleum, Inc., a privately-held company, in a reverse merger in which Miller Petroleum, Inc. In conjunction with this transaction, the Company changed its name to Miller Petroleum, Inc. and re-domesticated to the State of Tennessee. The Company is an exploration and production company that utilizes seismic data and other technologies for the geophysical exploration, development and production of oil and natural gas wells in the Cook Inlet Basin of southcentral Alaska and the Appalachian region of eastern Tennessee. The Company focuses its efforts on activities in the Cook Inlet and Susitna Basins of Alaska as well as the Appalachian region of East Tennessee. The Cook Inlet Basin contains large oil and gas deposits including multiple offshore fields. The Cook Inlet is a vast estuary stretching 180 miles from the Gulf of Alaska to Anchorage in southcentral Alaska. The Inlet separates the Kenai Peninsula in the east from the Alaska Peninsula in the west. The Cook Inlet Basin underlying this region contains large oil and gas deposits including several offshore fields. There are also numerous oil and gas pipelines located in and under the Cook Inlet. The Cook Inlet Basin has produced approximately 1.3 billion barrels of oil and 7.8 trillion cubic feet ('tcf') of natural gas. The Susitna Basin underlies the sprawling Susitna River valley to the north of Anchorage. The Susitna Basin lies directly north of the Cook Inlet Basin, separated by the Castle Mountain Fault, and has similar geology. Wells drilled within its acreage range from approximately 1,500 to 4,200 feet in depth with major targets in descending order being: the Mississippian age Monteagle Limestone and Fort Payne Limestone, and the Devonian age Chattanooga Shale, with the Fort Payne Limestone being the primary oil target. The existing markets for natural gas production in southcentral Alaska are the Tesoro Nikiski Refinery, utility companies, petrochemical manufacturing, the production of LNG for export to Asian markets, and the production of synthetic crude oil ('syncrude'). Presently, its sole market for crude oil produced from its Alaskan operations is the Tesoro Nikiski Refinery. Crude oil is shipped by pipeline and tanker vessel to the Tesoro Nikiski Refinery, operated by Tesoro Alaska Petroleum Company ('Tesoro'). It competes with a number of other companies doing business in Alaska, Tennessee and elsewhere, including large oil and gas companies and other operators. The Company's exploration and production business is subject to various federal, state and local laws and regulations on the taxation of natural gas and oil, the development, production and marketing of natural gas and oil and environmental and safety matters.
Executives
Daniel Vogel director C/O APOLLO MANAGEMENT, L.P., 9 WEST 57TH, NEW YORK NY 10019
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Highbridge Principal Strategies - Specialty Loan Fund Iii, L.p. 10 percent owner 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jeffrey Fitts director C/O MILLER ENERGY RESOURCES, INC., 9721 COGDILL ROAD, SUITE 302, KNOXVILLE TN 37932
Apollo Investment Management, L.p. 10 percent owner 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Apollo Investment Corp 10 percent owner 9 W. 57TH STREET, NEW YORK NY 10019
Highbridge Specialty Loan Sector D Investment Fund, L.p. 10 percent owner C/O HIGHBRIDGE PRINCIPAL STRATEGIES, LLC, 40 WEST 57TH STREET, NEW YORK NY 10019
Don Dimitrievich director C/O MILLER ENERGY RESOURCES, INC., 9721 COGDILL ROAD, SUITE 302, KNOXVILLE TN 37932
Gerald Girardi director C/O APOLLO MANAGEMENT, L.P., 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Capital Management, L.p. 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Capital Management Gp, Llc 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Holdings, L.p. 10 percent owner 9 W. 57TH STREET, NEW YORK NY 10019
Leland E Tate officer: Interim COO 4600 POST OAK PLACE STE 200, HOUSTON TX 77027
Phillip G Elliott officer: SVP and CFO 9721 COGDILL ROAD, SUITE 302, KNOXVILLE TN 37932
Jeffrey R Mcinturff officer: CAO 9721 COGDILL ROAD, SUITE 302, KNOXVILLE TN 37932

Miller Energy Resources Headlines

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