SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2002
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MILLER EXPLORATION COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 0-23431 38-3379776
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification Number)
3104 Logan Valley Road
Traverse City, Michigan 49685
(Address of principal (Zip code)
executive offices)
Registrant's telephone number, including area code: (231) 941-0004
Not Applicable
(Former name or former address, if changed since last report)
Item 2. Sale of Assets.
On September 30, 2002, Miller Exploration Company (the "Company")
completed the sale of its 35% working interest in the Pine Grove Field oil and
gas assets located in Jones County, Mississippi to Bean Industries, Inc. Bean
Industries, Inc., is a private exploration and production company which
previously held a 55% working interest in the field as a joint venture partner.
The sale includes the Price #1 and Board of Education 16-11 #1 wells along with
associated oil and gas leasehold. The book value of these assets represent less
than 10% of the Company's total assets. The purchase price of $3.75 million was
paid in cash and was determined using discounted future cash flows based on
estimated reserve quantities of the assets.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MILLER EXPLORATION COMPANY
(Registrant)
By: /s/ Deanna L. Cannon
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Deanna L. Cannon
Chief Financial Officer
Date: October 4, 2002