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Stock Market & Financial Investment News

News Breaks
January 18, 2013
05:55 EDTMILL, MILL, MILLMiller Energy management to meet with Maxim
Meetings to be held in New York on January 22-23 hosted by Maxim.
News For MILL From The Last 14 Days
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July 30, 2015
17:33 EDTMILLMiller Energy responds letter of delisting from NYSE
Miller Energy Resources announced that it has been notified by the staff of the New York Stock Exchange that, after the close of the markets today, trading in its common stock would be suspended and that proceedings to delist its stock would commence as a result of the Company's failing to maintain an average market capitalization of $15M or more over the preceding thirty trading days. Trading in Miller Energy's 10.75% Series C Cumulative Redeemable Preferred Stock and 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock would also be suspended and subject to delisting. Miller Energy had noted the possibility of this action being taken by the NYSE both in its FY15 earnings release and subsequent earnings call on July 29. The Company expects to avail itself of its right to have this decision reviewed by the Board of Directors of the NYSE and believes there are many factors which the NYSE should consider before taking final action, including the advanced status of the Miller Energy's capital repositioning efforts
July 29, 2015
05:35 EDTMILLMiller Energy sees gross production up by 1.7 MMcfd, 220 Bopd
Miller Energy provided the following guidance: "Until we complete our capital repositioning process, the Company will focus primarily on smaller work-overs. The Company has identified and begun executing on eight projects with an aggregate capital requirement of approximately $1.8M that management expects will increase gross production by approximately 1.7 MMcfd and 220 Bopd. The Company expects that each project will exceed its internal return requirements and also expects that each project will have a payback period of less than a year. Also, during FY16, the Company plans to drill the RU-7B side-track and NF 22-26 as finances permit. Management plans to continue to pursue aggressively its cost efficiency and capital discipline initiatives in a responsible and safe manner. We believe that the run-rate cash G&A, excluding one-time items, will trend towards approximately $4.5M per quarter."
05:34 EDTMILLMiller Energy reports Q4 EPS ($2.48), may not compare to consensus (27c)
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