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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
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September 22, 2014
10:36 EDTMILLHigh option volume stocks:
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September 19, 2014
10:14 EDTMILLMiller Energy shares 'practically worthless,' TheStreetSweeper says
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10:11 EDTMILLMiller Energy mentioned cautiously by TheStreetSweeper
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September 17, 2014
07:35 EDTMILLImperial Capital to hold a conference
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September 15, 2014
07:08 EDTMILLMiller Energy names Carl Giesler as CEO
Miller Energy Resources makes significant changes to senior leadership as part of a corporate shift that will include the potential MLP-monetization of its substantial midstream assets, and provides an update on drilling operations and on a non-binding letter of intent to purchase substantially all the operating assets of Buccaneer Energy in Alaska. Carl F. Giesler, Jr. joins Miller as CEO and a member of the board of directors. Scott M. Boruff is now executive chairman of the company. The company also announces that Deloy Miller will retire as chairman of the board and resign as a director.
September 9, 2014
18:34 EDTMILLMiller Energy reports Q1 average net production up 144% YoY to 3,313 boe/d
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16:55 EDTMILLMiller Energy reports Q1 EPS (34c), consensus (19c)
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