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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: energyplay who wrote (130701)4/26/2010 11:35:54 PM
From: Ed Ajootian  Read Replies (2) of 206151
 
eplay, NiMin Energy (NNN.TO) -- yes, absolutely. Berry almost surely has oilfields that are fully depleted or nearing full depletion, and if this works they could approach NiMin for a JV or maybe even license NiMin's technology and just pay some sort of royalty. Right now when a heavy oilfield is fully depleted it has negative value -- the accrued P&A cost for the dead wells. With an effective EOR technique avalable, such a field would have huge value.
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