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Stock Market & Financial Investment News

News Breaks
January 10, 2013
08:50 EDTMILLMiller Energy announces reduction in oil transportation expenses
Miller Energy announced that the rate it pays to move crude oil on to market on the Cook Inlet Pipeline system will be lowered from $6.17 per barrel to $3.21 per barrel beginning January. While Millerís wholly-owned Alaskan subsidiary, Cook Inlet Energy plans to significantly increase throughput through the CIPL system in 2013 as a result of its ongoing drilling program, this tariff reduction would result in savings in excess of $1M even if the companyís production remained flat through 2013.
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July 15, 2014
07:30 EDTMILLMiller Energy posted solid Q4 results, says Brean Capital
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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.

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