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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Amark$p who wrote (157459)	10/16/2011 12:12:29 PM
From: Ed Ajootian	Read Replies (4) of 206099

Amarksp, NiMin Energy (NNN.TO) -- thanks for the link to ownership %'s. I believe NiMin has made a critical mistake in trying to cater to the institutions at the expense of the retail shareholders, and are now paying the price. Looking at the CMD presentation they did last month, niminenergy.com , only serves to underscore my hope that they are redirecting more of their cap ex to California vs. Wyoming from here on. As of the presentation date their current production in CA had doubled vs. what it had averaged just the quarter before. On a "per $ of cap ex" basis this is a much better performance than in Wyoming. They have identified 15 more development wells in Pleito Creek, hopefully some of these will get drilled soon vs. dumping more money into Wyoming. Moreover, I hope they start thinking about putting Wyoming on the selling block, maybe next year once the Ferguson Ranch waterflood has kicked in. By that point hopefully the construction of Keystone XL will be in full throttle, giving any buyer the ability to rely on increased oil selling prices once that pipeline comes online. I believe they can do a lot better with their money in CA vs. WY.

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