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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.
News For MILL From The Last 14 Days
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December 19, 2014
14:38 EDTMILLRiver Road Asset reports 6.4% passive stake in Miller Energy
December 15, 2014
08:48 EDTMILLMiller Energy downgraded to Neutral from Buy at SunTrust
SunTrust downgraded Miller Energy due to lower oil price forecasts and execution issues.
December 10, 2014
15:01 EDTMILLMiller Energy downgraded to Neutral from Buy at Sidoti
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13:34 EDTMILLMiller Energy price target lowered to $3 from $6 at Brean Capital
Brean Capital cut its price target on Miller after the company reported weaker than expected results. The firm says that the company lacked productive drilling outcomes in fiscal Q2. Brean added that the company's liquidity position remains "tenuous" but it expects the company's capital position to improve next year, Brean keeps a buy rating on the stock.
08:56 EDTMILLMiller Energy reports Q2 EPS ($3.71), may not compare to consensus (21c)
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