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

To: Amark$p who wrote (159452)	11/8/2011 9:18:54 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206099

Marks, NiMin Energy (NNN.TO) --- thanks for sharing your production projection. I agree with CA & LA #'s but believe WY will come in light to your #, something around 750 bopd. I believe the new wells that came on were not as prolific as you have estimated, plus they came on more towards the back end of the quarter vs. evenly spread throughout the quarter as you have estimated. WY is turning out to be not such a great place to produce oil. With any amount of luck, NiMin management will realize this soon and stop drilling there, focusing their precious remaining capital on CA. I note that Legacy Reserves recently announced the acquisition of a WY property for $45M that only has PDP reserves and is apparently generating less cash flow than what NiMin's property is. Hopefully NiMin will give some thought to selling their WY assets once the Ferguson Ranch waterflood has ramped up next spring.