NiMin Energy Corp.

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.

Website http://www.niminenergy.com/

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