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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (165535)3/15/2012 8:17:38 AM
From: Amark$p1 Recommendation  Read Replies (1) of 206176
 
NNN
http://www.niminenergy.com/s/NewsReleases.asp?ReportID=512523&_Type=News-Releases&_Title=NiMin-Energy-Corp.-Announces-2011-Fourth-Quarter-and-Year-End-Results

Highlights of the year 2011 include the following:
  • Total proved reserves calculated pursuant to Canadian National Instrument 51-101 ("NI 51-101") increased 13% to 19.6 million barrels of oil equivalent ("boe").
  • Total proved reserves calculated pursuant to United States Securities and Exchange Commission guidelines ("SEC Guidelines") increased 16% to 15.9 million boe.
  • Net present value of proved reserves discounted at 10% before tax ("PV10") increased 8%, from $311 million to $335 million calculated pursuant to NI 51-101.
  • The PV10 of proved reserves calculated pursuant to SEC Guidelines increased 26% to $215 million in 2011.
  • Average Production increased 23% to 1,033 boe per day.
  • Net Revenues increased 73% to $24.3 million.
  • Strategic review process initiated and expected to be completed by mid-April 2012.
      Net loss for the year ended December 31, 2011, was $3.2 million, compared to a net loss of $12.4 million for the year ended December 31, 2010. Loss per share for the year ended December 31, 2011, was $0.05, compared to $0.21 for the year ended December 31, 2010.
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