Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (137383)	7/13/2010 4:32:01 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206325

amarksp, Ipso, NiMin Energy (NNN.TO) -- you're welcome amarksp, I was waiting until they spudded their next well in WY before posting on them. Hopefully that will happen soon. I understand that the rig they were waiting for only had one more shallow well to drill as of last week. By any chance have you heard anything more on timing of the spudding? Ipso, at this point I don't think the potential upside from the CMD process is being taken into account by the market, so there's not too much to worry about on that issue. The enterprise value of the company is now trading at about a third of the value of its proved reserves, not a drop of which have anything to do with the CMD process. They are spending less than half a penny per share per quarter (net of cash flow from the pilot project production) to keep up the oxygen injections over at their CMD pilot operation in CA, so from here on there would be little financial impact to the company if this pilot process is declared a failure. Hopefully we will not get news of any huge increase in incremental production at their CMD pilot project. If that were to happen that would signal that the fireflood broke through and instead of pushing the whole wall of oil evenly, it had just punched a small hole in it.