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To: Ed Ajootian who wrote (165535)3/15/2012 8:17:38 AM
From: Amark$p1 Recommendation  Read Replies (1) | Respond to of 206160
 
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.



  • To: Ed Ajootian who wrote (165535)3/15/2012 4:44:47 PM
    From: Celtictrader  Read Replies (1) | Respond to of 206160
     
    OEDV, thanks again for all the info below! Nice move up today.
    Osage (OEDV.OB) -- Someone asked in a PM about valuation, which reminded me that I forgot to reference my earlier post on this, #161909. The PE report discussed in that post was obviously done before this Devon well, which, if analogous to Osage's acreage, would not only substantially increase the quantity of potential hydrocarbons but would also substantially increase the mix of oil vs. gas.

    A prudent investor would probably want to wait to see the 30 day IP rate for at least the first Osage well before buying this stock, which is all good & dandy but said investor should be ready to ante up significantly for the privilege of having that additional info. I believe we could be getting news on the first well as soon as next week.



    To: Ed Ajootian who wrote (165535)3/15/2012 6:11:39 PM
    From: whenitgoesup1 Recommendation  Respond to of 206160
     
    Picked up some today Ed. You've been on a hot streak!!



    To: Ed Ajootian who wrote (165535)3/19/2012 2:28:38 PM
    From: Michael Thomas  Read Replies (2) | Respond to of 206160
     
    Ed, Another liitle play in North Oklahma's Mississippi Lime (I found in this mornings most actives) is AAPH, American Petro Hunter. Not sure if youve come across this company in your due diligence of the area?

    From what I can gather, theyve begun commercial sales on this well, producing initially 200bpd oil / 400mcf gas, have about 6000 acres, and are also involved in horizontal drilling in Kansas. The stock is up over 100% since last week in this mornings activity but has since sold off. Something ill add to the watch list for now, just thought I'd check in as you seem to be one of the resident experts in this area.

    Your thoughts are appreciated.

    Best,
    Michael



    To: Ed Ajootian who wrote (165535)3/21/2012 3:16:26 PM
    From: Celtictrader  Read Replies (1) | Respond to of 206160
     
    Ed,OEDV -Don't know if you have seen this posted on IHUB board by researcher-Looks like they are adding more oil leases
    search found 143 new ones just in 2012 - Partial list of most recent
    County Instrument Details Type Recorded On down Parties Book Page Legal Description Images
    Logan 2012-002973 OIL L 03/19/2012 Grantor - xxxxxxx
    Grantor -xxxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0501 - 0503 S15 T19N

    Logan 2012-002972 OIL L 03/19/2012 Grantor - xxxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0498 - 0500 S15 T19N R4W N2 NW

    Logan 2012-002971 OIL L 03/19/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0495 - 0497 S15 T19N R4W SE

    Logan 2012-002970 OIL L 03/19/2012 Grantor - xxxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0493 - 0494 S15 T19N R4W SE

    Logan 2012-002863 OIL L 03/15/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0032 - 0034 S25 T18N R4W SW

    Logan 2012-002862 OIL L 03/15/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0028 - 0031 S27 T17N R4W E2 SW

    Logan 2012-002861 OIL L 03/15/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0025 - 0027 S14 T17N R4W NE SE
    S14 T17N R4W N2 SW SE

    Logan 2012-002860 OIL L 03/15/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0022 - 0024 S35 T17N R3W E2 NE

    Logan 2012-002859 OIL L 03/15/2012 Grantor - xxxxxxx
    Grantee - OSAGE EXPLORATION AND DEV INC 002304 0019 - 0021 S34 T17N R3W S2 S2 NE
    Logan 2012-002858 OIL L 03/15/2012