New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:30 EDTMILLMiller Energy updates on Tennessee operations
Miller Energy Resources released an update on its operations in Tennessee. The company said, "We reached total depth on the first horizontal well drilled in the Mississippian Lime in Tennessee on December 19, 2012. The well, CPP H-1, Permit #12404, was drilled into the Fort Payne Formation at a true vertical depth of approximately 1,600 feet on the Company’s Cumberland Plateau Partners LLC lease in Scott County, Tennessee, and it exposed a pay section of approximately 2,300 feet in the horizontal section of the well. Strong indications of producible levels of oil and gas were encountered throughout the drilling of the horizontal section. A multiple packer system is to be installed in the 2,300 feet horizontal section to allow stimulation of the total oil and gas bearing zone. This well is the first phase of drilling the undeveloped portion of existing vertical well Fort Payne oil fields in Tennessee in which Miller has controlling interest, and these initial results show that this strategy has significant potential. Miller has the next three horizontal well locations designated, and they are in the process of getting permitted. Miller expects to begin drilling its second location in January 2013. The Company has approximately 40,000 acres under lease or held by production in Tennessee."
News For MILL From The Last 14 Days
Check below for free stories on MILL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 15, 2014
07:30 EDTMILLMiller Energy posted solid Q4 results, says Brean Capital
Subscribe for More Information
05:20 EDTMILLMiller Energy reports Q4 EPS (38c), consensus (14c)
Reports Q4 revenue $22.1M, consensus $22.13M. During FY14 and Q4, Miller reported an increase in net loss. This was primarily associated with non-cash charges including the loss on debt extinguishment from refinancing the company's previous Apollo facility with a new, more cost effective facility, and non-cash changes in the fair value of our derivatives resulting from an increase in commodity prices.
July 11, 2014
09:21 EDTMILLMiller Energy management to meet with SunTrust
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use