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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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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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