Business Description

NiMin Energy currently holds projects in the Bighorn Basin in Northwest Wyoming, California (South of Bakersfield), and South Louisiana. Current production is about 820 boepd gross (620 boepd net). Proved plus probable reserve estimates are about 29.06 mm boe (gross); reflecting an enterprise value to reserve ratio of just $2.78/boe.


FRC Analyst's Reports

Q2 Slightly Below Expectations; Strengthens Balance Sheet; FINAL REPORT Oct. 4, 2010
Q1 meets expectations; Completes C$11.5 mm financing Jun. 16, 2010
Signs term sheet for long-term debt; Success on the very first well at Wyoming Apr. 15, 2010
Initiating; Under-developed oil fields, significant in-place resource; EV to reserve just $2.78/boe Jan. 28, 2010

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