NiMin to give technical presentation on its CMD technology at Wyoming EOR conference
September 08, 2011
NiMin Energy Corp. to Present at Wyoming IOR/EOR Conference
Carpinteria, CA -- September 8, 2011 -- NiMin Energy Corp. (TSX:NNN) (OTCBB and OTCQX:NEYYF) (the "Company" or "NiMin") today announced that it will be presenting at the 3rd Annual Wyoming Improved and Enhanced Oil Recovery ("EOR") Conference on September 12-13, 2011 in Jackson Hole, Wyoming. Sponsored by the University of Wyoming Enhanced Oil Recovery Institute, the conference will address theoretical and practical aspects of a range of EOR methods through presentations from industry and global academic leaders focused on recovering Wyoming's stranded oil resource.
Sven Hagen, President of NiMin, and Scott Dobson, Chief Operating Officer of NiMin, will give the technical presentation on the Company's new, patented Combined Miscible Drive ("CMD") technology for heavy oil recovery, its application at Pleito Creek oil field, and the potential application to the large stranded oil resources in Wyoming. The process involves injecting foamed oxygen into the top of the oil reservoir to generate heat, steam, and carbon dioxide for increasing heavy oil production. In addition, since the CMD process takes place in the reservoir, the carbon footprint and air emissions are considerably less (only 10-15%) than traditional heavy oil recovery methods.
NiMin believes that its proprietary US patented process will be economic for producing heavy oil reservoirs that are too deep for conventional steam operations. NiMin has drilled four horizontal wells down dip of the CMD injector and three of the wells have shown positive production response. The Company has identified numerous oil fields in the US that have reservoirs believed to be high quality candidates for the CMD process. In the United States, this process could be applied to 165 oil fields with low recovery efficiencies that represent approximately 14.2 billion barrels of oil in place.
NiMin currently operates and produces from four heavy oil fields in the Big Horn Basin, Park County, Wyoming. The company is actively developing the fields with conventional infill drilling and workovers although these fields may be future candidates for CMD tertiary recovery.
About NiMin Energy
NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 27 million barrels of proved and probable reserves, 97% of which are oil.
About University of Wyoming Enhanced Oil Recovery Institute
The Enhanced Oil Recovery Institute (EORI) works to help the State of Wyoming and its energy producers to recover a large resource of stranded oil in depleted oil reservoirs as rapidly, responsibly, and economically as possible. EORI is the only institution devoted to enhanced oil recovery in Wyoming oil fields.
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