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Stock Market & Financial Investment News

News Breaks
February 12, 2013
09:37 EDTMILLMiller Energy issues operational update
Miller announced that its wholly owned Alaskan subsidiary, Cook Inlet Energy, led by David Hall, successfully completed a work-over on RU-3 natural gas well on its Osprey platform on February 11, 2013. This is the second successful gas well CIE has brought online in the last two weeks. The company estimates a minimum of 1.2 BCF of remaining reserves should be available from the zone. Immediately prior to going off production in December of 2003, the well was producing in excess of 2.0 MMcfd. In its Tennessee operations, Miller completed its second successful horizontal oil well in the Fort Payne formation, the Maynard H-1, on February 4, 2013.The Maynard H-1 showed the same traits as the CPP-H-1 well with shows of oil and gas throughout the horizontal section of the well and is presently flowing back oil and treatment fluid.
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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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