Edge Petroleum Corp. (Nasdaq: EPEX) plans to buy Miller Exploration Co. (Nasdaq: MEXP) in a stock-for-stock merger that values Miller at $12.7 million. Assuming an Aug. 1 closing date, Edge's estimated production will increase to between 8.8 billion cu. ft. of gas equivalent (Bcfe) and 9 Bcfe for 2003, its debt-to-capital ratio will fall to approximately 22%, proved reserves and production will increase by about 10%, and unused borrowing capacity will increase by about $3 million to $5 million. Miller operates primarily in the Mississippi Salt Basin of central Mississippi. Its year-end 2002 net proved reserves were 6.8 Bcfe and production was about 6.7 million cu. ft. equivalent (MMcfe) per day. C.K. Cooper & Co. acted as financial advisor to Miller. Concurrent with this deal, Miller has agreed to sell its Alabama properties to an unrelated private party. Those properties were reported to have net proved reserves at year-end 2002 of 700 MMcfe. Also, Miller and K2 Energy Corp. (Toronto: KTO) have agreed to extinguish all claims and outstanding litigation regarding assets on the Blackfeet native American reservation in Glacier County, Mont.