NiMin Energy (fka NEYYF)

[Renee]

NEYYF: Company dissolved. Shares cancelled. Finra deleted symbol:

http://www.otcbb.com/asp/dailylist_detail.asp?d=05/20/2014&mkt_ctg=NON-OTCBB

[ErnieBilco]

If it does its because people can't read and comprehend that if you didn't own it in your account as of Friday - ITS WORTHLESS.

On March 28, 2014, NiMin Energy Corp. (the “Company” or “NiMin”) announced that its board of directors has declared a final distribution to
shareholders of US$0.07 per common share (“Common Share”) of the Company in connection with the voluntary liquidation and dissolution of
NiMin. The distribution will be made as a return of capital to shareholders of record on April 11, 2014. The distribution will be payable on
April 28, 2014.
This distribution represents the final distribution to shareholders of the proceeds from the sale of all or substantially all of the Company’s assets
(“Sale of Assets”) as previously announced less obligations, liabilities and contingency reserves. Shareholders approved the Sale of Assets and
the voluntary liquidation and dissolution of the Company and the distribution of the remaining assets of the Company at the annual and special
meeting of shareholders held on June 26, 2012.
In connection with the final distribution, the Company anticipates trading of the Common Shares on the NEX to be halted at the opening on
April 9, 2014 until delisting from the NEX occurs immediately following the payable date.
Once the Company completes the final distribution to its shareholders, the Company intends to make an application to the Registrar of
Corporations (Alberta) for a Certificate of Dissolution.

[zetti]

Good morning! What do I see? Great close yesterday!
Is it possible NEYYF goes over 0,07??

[MIJ13]

from 8k....geee early morning shares way below .07c..wow


tem 8.01 Other Events
On March 28, 2014, NiMin Energy Corp. (the “Company” or “NiMin”) announced that its board of directors has declared a final distribution to shareholders of US$0.07 per common share (“Common Share”) of the Company in connection with the voluntary liquidation and dissolution of NiMin. The distribution will be made as a return of capital to shareholders of record on April 11, 2014. The distribution will be payable on April 28, 2014.

[janitor_unbound]

I was trying to buy the .003 ask yesterday. Thanks Fidelity for not lettin me!

[mkinhaw]

.07 final distribution for SH on record as of 04/11
payable 04/28
then dissolved

MK

[Penny Roger$]

Somebody is.. Interesting drop on chart.

[Donis]

Who are loading here?

[Penny Roger$]

NiMin Energy Corp. Announces Strategic Review
| 12:15 PM |

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69217088

[SlickBri]

News out http://www.marketwire.com/press-release/nimin-energy-announces-closing-of-brokered-private-placement-tsx-nnn-1556499.htm

[hamilton]

Gumma has worked with Cottman and Hagan previously. The stock has headed in the right direction since Gumma's election was announced. I hope it's more than just coincidence and that Gumma has a Street following. He seems to have the right pedigree for a growing microcap.

[swanlinbar]

NiMin Energy Corp. Announces William Gumma to Join Board of Directors
6:17a ET June 27, 2011 (Market Wire) NiMin Energy Corp. (TSX: NNN)(OTCBB: NEYYF)(OTCQX: NEYYF) ("NiMin" or the "Company") announced today that Mr. William (Bill) Gumma has been elected to NiMin's Board of Directors. Mr. Gumma has over 30 years of oil and gas experience, and has been responsible for worldwide exploration and production activities, including pioneering projects in the United States, Russia, and Venezuela.

Mr. Clancy Cottman, Chairman and CEO, commented, "We are extremely pleased to have Bill join the Board of Directors at NiMin. Bill's industry expertise and track-record of value creation will be an excellent complement to the Board as the company continues to develop its portfolio of assets and seeks out new ways to generate shareholder value."

Mr. Gumma is currently a Managing Director at Chisholm Partners, LLC, an independent energy resource development company. Previously, Mr. Gumma served as President and CEO of PetroFalcon Corp., now Etrion Corp., a natural resource company formerly focused on oil and gas operations in Venezuela. He also worked in both engineering and exploration capacities at Shell USA and Amoco Oil Co. Additionally, Mr. Gumma served as Chief Geophysicist-International for Maxus Energy Corp. and as an executive officer and Director for Benton Oil and Gas Co., now Harvest Natural Resources. Mr. Gumma holds a Bachelor of Science degree in engineering from the Colorado School of Mines and a Master of Science degree in geophysics from Oregon State University.

About NiMin Energy

NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 28 million barrels of proved and probable reserves, 98% of which are oil.

Cautionary Statements

This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws, including the drilling program to be commenced by NiMin during 2011, production gains, the long-term upside potential of the patented CMD process and the increase in oil recovery resulting therefrom. Although NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. Risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in our Annual Information Form and other documents available at www.sedar.com. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the NiMin, Legacy or their respective financial or operating results or, as applicable, their securities. The net present value of future net revenue attributable to NiMin's reserves does not represent fair market value. Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet ("mcf"): one barrel ("bbl") is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Contacts:
NiMin Energy Corp. - Investors
Jonathan Wimbish, CFA
Chief Financial Officer
[phone]
[e-mail]

Sard Verbinnen & Co - Media
Dan Gagnier/Jared Levy
[phone]





SOURCE: NiMin Energy Corp.

mailto:[e-mail]

[hamilton]

NiMin got some press in Bakersfield on CMD.
http://www.bakersfield.com/news/business/economy/x2131987523/New-crude-technology-may-expand-access-to-oil

[hamilton]

Other operators in the South San Joaquin Valley, CA are testing the Olcese Sand below the Santa Margarita. NiMin may have potential there as well.

[swanlinbar]

2011 NIMIN ENERGY CORP. Annual Meeting of Stockholders

MEETING DATE: June 24, 2011
For Holders as of: May 20, 2011
CUSIP NUMBER: xxxxxxxxxx

ACCOUNT NUMBER: *****

CONTROL NUMBER:

You can enter your voting instructions and view the shareholder material
at the following Internet site:




For our secure site:

https://www.proxyvote.com

[swanlinbar]

NiMin Energy Corp. (TSX: NNN and OTCQX and OTCBB: NEYYF) ("NiMin" or the "Company") today announced that its wholly owned subsidiary, Legacy Energy, has successfully drilled and cased two vertical development wells at its Pleito Creek field, the 23-35 and 24-35, both of which targeted the Santa Margarita oil reservoir. The Santa Margarita is the primary oil reservoir in the Pleito Creek field, with production resulting from both conventional drilling and the application of NiMin's proprietary Combined Miscible Drive ("CMD") technology for increasing recovery of heavy oil.

The 23-35 well was drilled on the south flank of the field to a total measured depth of 4,665 feet and encountered 237 gross feet of Santa Margarita reservoir and 176 net feet of oil pay. The 24-35 well was drilled to a total measured depth of 4,850 feet and encountered 365 gross feet of Santa Margarita reservoir and 299 net feet of oil pay. The wells have been cased and are in the process of being completed.

In addition to the Santa Margarita reservoir, the 24-35 well encountered 80 feet of potential pay in the Chanac formation above the Santa Margarita oil reservoir based on mud log oil shows, log analysis and offset production. NiMin will complete the 24-35 as a Santa Margarita producer and then develop a plan for future development of the Chanac reservoir.

Clancy Cottman, NiMin's Chairman and CEO, said "Historically, the Chanac reservoir has been a secondary objective but we are very excited about its newfound potential given our recent drilling efforts. The two Pleito Creek wells were drilled and cased ahead of schedule and below budget, and the logged results significantly exceeded our expectations. We look forward to completing both wells in the near-term, and expect them to be in production during the third quarter."

[swanlinbar]

NiMin Energy to Release First Quarter 2011 Earnings on May 16, 2011


NiMin Energy Corp. (TSX: NNN)(OTCBB: NEYYF)(OTCQX: NEYYF) ("NiMin" or the "Company") will release its 2011 first quarter earnings on Monday, May 16, 2011 after the market closes. The Company has also scheduled a conference call in connection with the earnings announcement for Tuesday, May 17 at 1:00 p.m. Eastern. The call will be open to the public through 877-407-0782 (Toll Free) or 201-689-8567 (International). A live audio webcast will also be available via NiMin's "Investor Relations" page on its website at http://www.niminenergy.com/s/Investors.asp, and can be rebroadcast following the call. A replay of the call can also be accessed by dialing 877-660-6853 (Toll Free) or 201-612-7415 (International), using account number: 286 and conference ID: 372854, and will be available through June 1, 2011.

About NiMin Energy

NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 28 million barrels of proved and probable reserves, 99% of which are oil.

Contacts:

NiMin Energy Corp. - Investors

Jonathan Wimbish, CFA

Chief Financial Officer

[phone]

[e-mail]

www.niminenergy.com



Sard Verbinnen & Co - Media

Dan Gagnier/Jared Levy

[Redlegs]

CHART:

[swanlinbar]

NiMin Energy Corp. (TSX: NNN and OTCBB: NEYEF) will be hosting our next EPG luncheon on Tuesday, May 10 at The Hess Club in Houston, Texas.

Ø Those of you in the Houston area can register on our website: www.energyprospectus.com

Ø We are going to be in the Hess Ballroom next week, so there is plenty of room for members and guests.



NiMin’s President, Dr. Sven Hagen, PhD will be speaking. I will lead off with some comments on our Sweet 16 Growth Portfolio companies that have reported first quarter results prior to the luncheon.



Anyone outside the Houston area is encouraged to sign up for the webcast which will begin at 12:00 Central Time by clicking here.



Attached is a profile for NiMin which you are encouraged to read before their presentation.



In my opinion, NiMin is a Strong Buy up to $2.00/share with a reasonable 12-month price target of $3.00 (based on $100/bbl NYMEX oil price).



NiMin hosted a luncheon for us last summer and I have been watching it closely ever since.




2010 was a transformative year for NiMin. In September the company celebrated its first year as a public company.



Ø Building up a strong production base in Wyoming. The company began its down spacing program in Wyoming, drilling 10 wells and completing six of them before year-end. This boosted the company's 2010 exit rate to over 1,000 Boepd, double its 2009 exit rate of 500 Boepd.

Ø I like the fact that it is heavily weighted to oil. NiMin continues to represent a deep value play on oil with 17.3 MMBOE of proved reserves and over 28 MMBOE of 2P reserves. At December 31, 2010 the PV10 value of their proved reserves was $311 million (based on year-end commodity prices).

Ø Production is on-track for continued growth in 2011. For 2011, the company has an ambitious CAPEX budget of $25MM which is expected to almost double production to an exit rate of over 1,800 Boepd.

Ø In September, the company was awarded a patent for its Combined Miscible Drive (CMD) process to increase recovery of heavy oil in California. The company’s 2011 budget includes installation of the first modular oxygen unit in California that will double current injection rates while decreasing oxygen costs by more than 50%. This first CMD project, has the potential to push total company production over 3,000 Boepd by mid-2013.

Ø The company is now working on getting listed on the AMEX. Listing on the AMEX could give the shares a big boost.



You are all invited to join us at next week’s luncheon. If you can’t make it, I encourage you to sign up for the webcast.



Daniel M. Steffens, President

Energy Prospectus Group

www.energyprospectus.com

281-435-8874

[swanlinbar]

NiMin Energy reports 4Q10 results.

Summary: NiMin Energy (NiMin) reported 4Q10 results slightly below our estimates due to a 6%
production shortfall that came as a consequence of winter weather and completion crew delays
in Wyoming. Aside from this small miss, 2010 was a transformative year for NiMin, in our view. In
September the company celebrated its first year as a public company while also being awarded
a patent for its Combined Miscible Drive (CMD) process to increase recovery of heavy oil in
California. The company also began its downspacing program in Wyoming, drilling 10 wells and
completing six of them. This boosted the company's 2010 exit rate to over 1,000 Boepd, double
its 2009 exit rate of 500 Boepd. NiMin continues to represent a deep value play on oil with 13.7
Mmboe of proved reserves. In 2011 the company will embark upon its most ambitious CAPEX
budget of $25MM which we expect to almost double production to an exit rate of nearly 2,000
Boepd. NiMin currently has nearly $14MM in cash, coupled with 2011 cash flow of $7MM and the
eventual exercise of 7MM warrants at $1.55 ($10.85MM); as such the company should be able
to fully fund 2011 CAPEX. We are therefore maintaining our Buy rating with $3.00 price target
based upon our DNAV and 10x our 2012 CFPS(E) of $0.35.

Highlights

4Q10 results. NiMin's 4Q10 production came in at 985 Boepd, about 6% lower than our estimate of
1,033 Boepd. This production shortfall occurred due to a lag in completion services in Wyoming which
resulted in four out of 10 wells drilled not being put onto production. Two of these wells have since been
brought to sales while the final two should be producing early in 2Q11. NiMin's 4Q10 financial results had
an extreme amount of "noise" due to the company switching from Canadian GAAP accounting to U.S.
GAAP accounting. Adjustments made in the quarter such as cash and non-cash gains on derivatives
and foreign currency exchange valuations of warrants and options make for a difficult comparison to
our estimates. We expected NiMin to post negative cash flow of ($2.2MM) with adjusted U.S. GAAP
numbers showing a ($3.3MM) negative cash flow result. EBITDA came in at $3.8MM versus our estimate
of $4MM. Going forward the company will use U.S. GAAP accounting for all of its financial reports.
Given the company's desire to list on the AMEX, we believe this was a necessary step as the company
transitions from a sleepy Canadian-listed company to a premier U.S. small cap E&P company.

2011 CAPEX.

NiMin had already announced its 2011 CAPEX plans. To reiterate, the company expects
to drill 18 wells in Wyoming and two wells in California, spending $18.4MM. Additionally the company
plans to spend $6.6MM on facility upgrades to handle the expected increase in oil production. This
will include the first modular oxygen unit in California that will double current injection rates while also
decreasing oxygen costs by more than 50%. These facility upgrades will set the stage for the company
to reach 3,000 Boepd in 2013.

Initiating 2012 estimates.

With NiMin's CAPEX budget firmly in place and drilling expected to start in
2Q11, we are initiating our 2012 estimates. Our estimates anticipate a similar CAPEX level in 2012 with
the company drilling as many as 20 wells. This should result in company-wide production averaging
2,462 Boepd, a 67% increase over our 2011 estimated average daily production of 1,468 Boepd. NiMin is
in the early stages of converting its large inventory of proven undeveloped (PUD) locations to production.
Maintaining Buy rating with $3.00 price target. While weather and completion crews have slowed the
start of 2011 CAPEX plans for NiMin, we continue to believe that the company represents a deep value
play on oil. With 97% of its reserves and production focused on oil, NiMin has 13.7 Mmboe of proved
reserves with an additional 12 Mmboe of probable reserves associated with downspacing in Wyoming
and the CMD process in California. NiMin currently has an EV of $170MM, meaning investors are paying
approximately $12.00 per Boe of proved reserves. We believe the company is properly positioned to
continue building shareholder value and view 2011 as a critical year of execution. The company has
amassed a plethora of low-hanging fruit and now it's time to harvest.
-------------------------------------------------------------------Above is text portion of GHS update on NiMin that came out on 3/29, full report can be downloaded from http://finance.groups.yahoo.com/group/EnergySectorInvesting/files/ (membership in group required). Usually I hold off putting these up for a few weeks but I believe the stock could be just days away from getting on Amex so I wanted to get this out there before the fireworks start going off. Why should the goddam institutions be able to just saunter in to our party and steal this stock for a lousy 2 bits
Nice summary from ed SI

[swanlinbar]

NiMin NEYYF Target Raised To C$3.50 From C$3.40 By PI Financial >NNN.TLast update: 3/29/2011 12:20:15 PM(END) Dow Jones Newswires (212-416-2400)March 29, 2011 12:20 ET (16:20 GMT)

[swanlinbar]

Nimin Energy Wyoming Production Cheat Sheet

http://www.box.net/shared/a3uqaeu7g9

Expansion of the Willow Draw Production Capacity is of interest... Nimin requires immediate capacity expansion to 715 BPD at Willow Field from 465 BPD. And ramping this up to 1,100 BPD in June.

From si

[swanlinbar]

Ed Ajootian- takefive, NiMin Energy (NEYYF.OB) -- great CC, all systems going great here overall. I'm actually pleasantly surprised to hear that they think they will be able to keep production flat this quarter compared to last quarter, I was concerned that it would drop off due to no new wells being drilled.

Not mentioned on the call, but very significant IMO, is the fact that as of yesterday 4.7 M of the 11.3M $1.55 warrants had gotten exercised. Thus a big chunk of the overhang has been chewed through at this point. I believe if they could just get on Amex the new buying that would be coming from firms that can't currently buy the stock should result in the rest of the warrants getting triggered fairly quickly.

The company indeed has a higher than usual amount of analyst coverage for someone their size. I believe analyst coverage could increase in the coming weeks, now that a big chunk of the warrant overhang has been taken out. Also, between the $9M they started the year with, the $7M they have received from the warrant exercises, and the $10M that Global Hunter expects them to generate in cash flow this year, they basically have this year's cap ex already funded, with about another $10M that is almost certain to be coming in sometime between now and Sept. 4th from the exercise of the remaining warrants. This explains why Clancy (CEO) was harping on about potential acquisitions or JV's

[swanlinbar]

NiMin Energy Corp. Announces 2010 Fourth Quarter and Year-End Results; Provides Reserves Disclosure
8:31a ET March 28, 2011 (Market Wire)
NiMin Energy Corp. (TSX: NNN)(OTCBB: NEYYF)(OTCQX: NEYYF) (the "Company" or "NiMin") today announced the financial results prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") for the quarter and year ended December 31, 2010 and the filing with Canadian securities regulators of its annual information form for the year ended December 31, 2010, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 - Standards of Disclosure of Oil and Gas Activities of the Canadian Securities Administrators ("51-101"). The Company, as an SEC Issuer (as defined in National Instrument 52-107), has relied on the exemption set out in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards and has changed its financial reporting standards from Canadian generally accepted accounting principles ("Canadian GAAP") to U.S. GAAP with a reconciliation to Canadian GAAP for the years ended December 31, 2010, 2009, and 2008. Copies of these documents may be obtained via the Company's website at www.niminenergy.com and via SEDAR at www.sedar.com. Additionally, we also file reports with the United States Securities and Exchange Commission ("SEC") available at www.sec.gov.

Net income (loss) for the year ended December 31, 2010 was $(12,386,445) compared to $(19,748,969) for the year ended December 31, 2009. Earnings (loss) per share for the year ended December 31, 2010 was $(0.21) compared to $(0.47) for the year ended December 31, 2009.

For the year ended December 31, 2010, NiMin recorded gross revenues of $19.37 million, as compared to $8.71 million for the year ended December 31, 2009. This 123% increase in gross revenues was primarily due to a 103% increase in oil production and a 28% increase in the price received by the Company. General & Administrative ("G&A") expenses increased from $6.83 million at year end 2009 to $7.89 million at year end 2010. Deducting stock-based compensation costs, a non-cash accounting entry, the G&A for 2010 was $5.17 million, as compared to the $3.88 million reported for 2009. Depreciation, depletion, amortization, and accretion for 2010, another non-cash accounting entry, decreased to $3.19 million, a decrease from the $3.35 million reported at year end 2009. This decrease is mainly due to an increase in the Company's total proved reserves as a result of the acquisition of the Wyoming Assets.

Highlights for 2010 include:

-- 10 wells drilled at Ferguson Ranch and Willow Draw Fields, 6 wells on
production and remaining 4 wells awaiting completion at December 31,
2010.
-- 5 Capital workover projects at Willow Draw Field, 4 on production at
December 31, 2010.
-- On May 16, 2010, the Company successfully completed a Short Form
Prospectus Offering of Common Shares at an offering price of Cdn $1.25
per share. The Company issued 9,200,000 Common Shares for aggregate
gross proceeds of Cdn $11,500,000 or USD $11,018,492, net of CDN
$989,260 or USD $947,840 of offering costs.
-- On June 30, 2010, the Company refinanced its bridge loan with a five
year term debt facility.
-- On December 13, 2010, the U.S. Patent and Trademark Office issued a
patent to NiMin for its Combined Miscible Drive process for enhanced oil
recovery.




NiMin CEO and Chairman, Mr. Clancy Cottman said, "2010 was a pivotal year for NiMin. We commenced development drilling on our Wyoming properties and doubled production. In California we reported a positive response from our patented Combined Miscible Drive enhanced oil recovery process at the Pleito Creek Field and we are proceeding with commercial development. Our production ramp up and significant proved reserve increase are a direct result of the quality technical work and execution by our staff. Looking at 2011, we are excited to implement our approved and budgeted development programs in Wyoming and California and build on our significant positive momentum."

Highlights of Oil and Gas Reserves Effective January 1, 2011

-- Proved reserves of 17.3 million ("MM") barrels of oil equivalent
("BOE"), an increase of 45%, calculated pursuant to 51-101 and proved
reserves of 13.7MMBOE an increase of 49% calculated pursuant to United
States Securities and Exchange Commission guidelines ("SEC Guidelines").
-- Net Present Value of Proved reserves (discounted at 10% before tax)
increased 45% ($96 MM), from $215 MM to $311 MM, calculated pursuant to
51-101, and increased 125% ($99 MM) to $224 MM calculated pursuant to
SEC Guidelines.
-- Proved plus probable reserves of 28.6 MMBOE, calculated pursuant to 51-
101 and proved plus probable reserves of 22.3 MMBOE pursuant to SEC
Guidelines.




Proved developed reserves increased 70% from 2.74 MMBOE to 4.65 MMBOE at year-end 2010 calculated pursuant to 51-101 and increased 86% from 2.0MMBOE to 3.7 MMBOE at year-end 2010 calculated pursuant to SEC Guidelines.

Conference Call

The Company will host a conference call at 11:00 AM EDT (8:00 AM PDT) on Monday, March 28, 2011. During this call the management team will discuss the Company's year-end 2010 results. The conference leader will be Mr. Clancy Cottman, CEO and Chairman of NiMin. Also on the call will be Dr. Sven Hagen, President and Mr. Jonathan Wimbish, CFO. Interested parties in the United States can access the conference call by dialing [phone], parties outside the U.S. should dial [phone] five to ten minutes prior to the start time. The call will also be web cast live on the Company's web site at www.niminenergy.com. A replay of the call will be available by calling [phone] conference ID #369793. The replay will be available until April 11, 2011.

[swanlinbar]

Nimin Energy to Release Fourth Quarter and Year-End 2010 Earnings on March 28, 2011

--------------------------------------------------------------------------------

CARPINTERIA, CA - March 25, 2011 - NiMin Energy Corp. (TSX: NNN) (OTCBB: NEYYF) (OTCQX: NEYYF) ("NiMin" or the "Company") will release its 2010 fourth quarter and year-end earnings on Monday, March 28, 2010 before the market opens. The Company has also scheduled a conference call in connection with the earnings announcement for Monday at 11:00 a.m. Eastern. The call will be open to the public through [phone]. A live audio webcast will also be available via NiMin's "Investor Relations" page on its website at http://www.niminenergy.com/s/Investors.asp, and can be rebroadcast following the call. A replay of the call can also be accessed by dialing [phone] and conference ID: 369793, and will be available through April 11, 2011.

CONTACTS:

Investors

Jonathan Wimbish, CFA
NiMin Energy Corp.
Chief Financial Officer
[phone]
[e-mail]

Media

Dan Gagnier/Jared Levy
Sard Verbinnen & Co
[phone]

About NiMin Energy
NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S.

You can view the Previous News Releases item: Mon Mar 14, 2011, Nimin Energy Corp. Approved for Trading on OTCBB

You can return to the main News Releases page, or press the Back button on your browser.

[swanlinbar]

Anotherone from ed,Half The Oil We Need By 2020 Still Needs To Be Found
Mar. 19 2011 By ROBERT LENZNER

We’re going to need 126 million barrels of oil a day by the end of the next 2 decades– up from the current 90 barrels a day the global economy requires currently. And half that additional 36 million barrel a day increase has “still to be developed– or even found, according to the Schlumberger Ltd. 2011 annual report. I’d read this report as a primer of the challenge to find and produce the oil and gas the world will need in the future.

“There is no question that oil and natural gas will still be the major source of the world’s energy supply for decades to come,” say Schlumberger. Maybe it’s self-serving, but its true.

So, look for energy resources to be coming from offshore Greenland, central Sub-Saharan Africa, Brazil, the North Sea, North Africa, Southeast Asia, Eastern and Western Siberia and the Caspian says Schlumberger. Meaning to me that reserves in North America, the US and Canada, are worth a premium. They are nearby and they are safely ours. It will require renewed deep sea drilling and exploration though. Half of all new oil and gas fields discovered have been offshore– a ttrend that is likely to continue.

As Schlumberger says; “To find oil, you have to drill. But not only do you have to drill, you also have to increase the intensity at which you drill–in terms of technological sophistication, well and reservoir complexity, and operational efficiency and effectiveness.”

The reason why the market for drilling services– Schlumberger’s business- has trebled in the past 10 years and will continue to experience similar growth in the future. One major reason Schlumberger stock has outperformed the S&P 500 index and the Philadelphia Oil Service Index(OSX) the past 5 years. Be aware the stock sells at 20 times earnings, the multiple for the prime oil services stock in the world.

Id be more inclined to own the Vanguard Energy Fund(VGENX), which is heavily weighted in the be st North American producers, Exxon Mobil, Occidental Petroleum, Canadian Natural Resources, and Suncor Energy.

Take Canadian Natural Resources, for example. It has 30 years of known reserves, not 7-10 years as some other companies have. If natural gas prices are bottoming and heading back up, CNQ will be a solid addition to your portfolio.

***********************************************************

Better yet, take NiMin Energy, it has > 70 years of "known" (2P) reserves, 28M bbls. / 365K bbls. of annual production.

Note that we are not hearing about any huge drilling campaign being undertaken by the Saudies during this boom, contrary to what happened in the last one. The fruits of that labor were sown right around when the bust came, and between late '08 and '09 Saudi Arabia brought on new production capacity of something like 1.7 mmbopd. It is mainly due to that activity that the world has been able to absorb the cessation of nearly all of Libya's 1.8 mmbopd without oil prices going really idiotic.

The obvious question is, why aren't the Saudies ramping up drilling this time? Is it because they have no cash for that after funding all the "welfare" type payments their king has ordered, lack of economic projects, or some combination thereof?

[kaisersosze]

From Ed on Investorhub

NiMin Energy (NEYYF.OB) -- now that they are on the OTCBB (see http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=OTCBB&searchby=name&searchfor=nimin&searchwith=Starting&image1.x=24&image1.y=11 ) I'm expecting the volume to pick back up. There are many firms that have expressed great interest in the stock but were unable to buy it while it was on the OTCQX.

[swanlinbar]

NiMin Energy (NNN.TO) -- Below is an excerpt from PI Financial's initiation report on the company:

Combined Miscible Drive (“CMD”) Technology in the
San Joaquin Basin, Pleito Creek Oil field, California
Estimated to have 35 million barrels of oil in place, NiMin has a 100% interest in the 640 acre
Pleito Creek oil field located in Kern County, California. Since its discovery in 1951 by Exxon, it has
produced just 2.2 MMbbls. Although the reservoir quality is excellent (average porosity of 28% with
permeability measuring as high as 800 mD), the oil gravity is quite heavy (17º API). Production to
date has generally been by way of conventional cold production from the Santa Margarita formation.
Since taking over operatorship of Pleito Creek in 2007, NiMin has expanded on-site facilities and
drilled fi ve horizontal production wells. In the current environment these wells are economic on the
basis of cold production; however the Company has recently begun implementing thermal production
techniques. Discussed below, NiMin has recently received approval for a North American patent
on its “Combined Miscible Drive” (“CMD”) process and is now undertaking a commercial trial in
the Pleito field.

More here: http://siliconinvestor.advfn.com/readmsg.aspx?msgid=27224163

[swanlinbar]

He sure does, very knowledgeable in the O & G fields

[kaisersosze]

Ed knows his stuff. Encouraging!

[swanlinbar]

Ref. Amex from si board, sounds good to me-From: Ed Ajootian of 146336

NiMin Energy (NNN.TO) -- I didn't hear anything definitive but I would very surprised if they haven't filed the application at this point. With any amount of luck we could be on Amex as soon as 4 weeks from now. The perfect sequence of events, to my way of thinking, would be, meet the requirements to call the warrants on 3/24, mail out the warrant call docs on 3/25, on 3/28 announce 4Q earnings together with Amex listing, hold CC later that week once on Amex.

I'm very suprised that more of the Canadians aren't exercising their warrants yet and blowing out the stock. Also it will be interesting to see what the biggest warrantholder, Commonwealth Bank of Australia, does with its warrants and/or remaining stock. In December they blew out 5.5M of their 11.5M shares, and in addition to their remaining 6M shares of the common they hold 2.2M warrants. If they were willing to part with such a large amount of their position at the prices in effect in December, I would be surprised if they would just exercise and hold these 2.2M warrants. Maybe both the Canadians and Aussies are just sitting around waiting for the Amex listing like everyone else.

[kaisersosze]

NEYYF has been on a great run lately. They may hit that $3.00 mark sooner than I thought!

[swanlinbar]

Nimin Energy Corp. (TSX: NNN; $2.25; Buy; $3.00 PT) NiMin Energy reports year-end reserves.

NiMin Energy reported year-end 2010 reserves of 17.3 Mmboe (13.8 Mmboe net after royalty) with a net PV-10 of $311MM. Both figures represented a 45% increase year over year and reflect a successful downspacing program at the company's field in the Big Horn Basin of Wyoming and proof-of-concept at its secondary recovery operation, known as Combined Miscible Drive (CMD), in California. NiMin also announced a 2011 CAPEX program of $25MM which calls for as many as 20 new wells in Wyoming, facility upgrades and a half dozen or more polymer treatments. In California, the company will look to add infrastructure to procure its own oxygen for injection and drill additional vertical and horizontal wells. NiMin continues to represent a deep value play on oil as investors are currently paying $12.50 per proved BOE in the ground. We are therefore reiterating our Buy rating while raising our price target from $2.50 to $3.00 per share based upon our revised Discounted Net Asset Value of $3.62 per share. [Global Hunter Securities]

[swanlinbar]

Today's News, February 28, 2011
7:12a NiMin Energy Started At Buy, C$3.40 Target By PI Financial >NNN.T (Dow Jones)
I believe you have to have a Wall Street journal or PI Finaancial account to get this

[swanlinbar]

I have no clue ,did you watch the bloomberg interview ? You could ask that question to this guy who post mostly on Silcon Investor o & g boards.He's very knowledgeable in the O & g field & NEYYF http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58972430

[kaisersosze]

Thanks! And that's without factoring anything in for their CMD process...care to guess what that patent might be worth?

Thanks again!

[swanlinbar]

A rough estimate-TSX: NNN NEYYF.
PV10 = $311M according to todays PR:
http://finance.yahoo.com/news/NiMin-Energy-Corp-Announces-iw-812228269.html?x=0&.v=1

Fully diluted shares = 81M according to their Investor presentation:
http://www.niminenergy.com/i/pdf/FactSheet.pdf

$311M/81M = $3.84/share of proved reserves

Proved reserves of 17.3 million ("MM") barrels of oil equivalent ("BOE"), an increase of 45%.-- Net Present Value of Proved reserves (discounted at 10% before tax) increased 45% ($96 MM), to $311 MM.-- Proved plus ********Probable reserves of 28.6 MMBOE.

[kaisersosze]

Great report. Where (or how) are you valuing NEYYF now?

Thanks

[swanlinbar]

NEYYF yes it is!NiMin Energy Corp. Announces 45% Increase in Proved Reserves and 2011 Capital Budget
6:01a ET February 25, 2011 (Market Wire)
NiMin Energy Corp. (TSX: NNN)(OTCQX: NEYYF) ("NiMin" or the "Company") announced today the results of its 2010 year-end oil and gas reserves evaluation conducted by Huddleston & Co., Inc. as at December 31, 2010. The Company also disclosed its 2011 Capital Budget.

Highlights for year-end 2010 reserves compared to year-end 2009 reserves include:

-- Proved reserves of 17.3 million ("MM") barrels of oil equivalent
("BOE"), an increase of 45%.
-- Net Present Value of Proved reserves (discounted at 10% before tax)
increased 45% ($96 MM), to $311 MM.
-- Proved plus Probable reserves of 28.6 MMBOE.




The Company reports total proved reserves of 17.3 MMBOE up 45% from 11.9 MMBOE a year ago. Proved developed reserves increased 70% from 2.74 MMBOE to 4.65 MMBOE at year-end 2010. Total proved and probable reserves totaled 28.6 MMBOE. NiMin's proved and probable reserves are over 98% oil.

The results are attributable to the Company's successful drilling activity in Wyoming and positive production response from its enhanced oil recovery project in California. The Company also disclosed today that fourth quarter 2010 average daily production was 1,035 BOE versus 603 BOE for the same period in 2009, representing a 72% increase in production.

NiMin's Board of Directors has approved a 2011 Capital Budget of US$25.0 million. The bulk of this year's capital expenditure will be focused on drilling with some facility upgrades in Wyoming and California. The expenditures will be funded from existing cash, cash flow from operations, proceeds from the exercise of warrant agreements due to expire in September 2011, and/or an expansion of the Company's existing debt facility. To date over CDN$1MM of NiMin's CDN$1.55 warrants have been exercised.

Mr. Clancy Cottman, Chairman and CEO, said, "Our new independent reserve report confirms that the Company's strategy to convert proved undeveloped and probable reserves to production is working. We are also very pleased to disclose that our fourth quarter 2010 production increased 72 percent year over year."

Mr. Cottman continued, "Through the course of 2011, we will continue to work on delivering results through the drill bit and through the application of innovative enhanced oil recovery techniques, with a firm focus on moving our non-producing reserves into production. NiMin's work program will concentrate on infill drilling and facilities upgrades in Wyoming to allow greater volumes of crude oil to be produced at our fields. In California we plan both new drilling and are taking steps to increase oxygen injection for our Combined Miscible Drive Project, both expected to increase production."

About NiMin Energy

NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 28 million barrels of proved and probable reserves, 98% of which are oil.

Cautionary Statements

[saraha111]

Falling into place

http://www.otcmarkets.com/stock/NEYYF/news?id=27183&b=y

[swanlinbar]

Here comes $4 gasoline

http://finance.fortune.cnn.com/2011/02/18/here-comes-4-gasoline/

[swanlinbar]

The Peak Oil Chronicles, Part I: When The Giants Run Dry
http://www.financialsense.com/contributors/james-j-puplava/peak-oil-chronicles-when-giants-run-dry

[swanlinbar]

Oil Climbs on Reports Iranian Warships Heading for Suez Canal
By Mark Shenk - Feb 16, 2011 12:24 PM ET

http://www.bloomberg.com/news/2011-02-16/crude-oil-extends-gains-u-s-inventories-increased-by-less-than-forecast.html

Crude rose after Israeli Foreign Minister Avigdor Lieberman said two Iranian gunboats are planning to move through the Suez Canal to Syria, spurring concern that oil shipments from the Middle East will be disrupted.

Oil climbed as much as 1.9 percent after Lieberman called the move, estimated for later today, a “provocation.” The comments were sent by Lieberman’s office in an e-mailed statement. The Associated Press reported the first-ever protests against Libyan leader Muammar Qaddafi as demonstrations took place in Bahrain and Yemen.

“This is the latest addition to the Middle East risk premium,” said Phil Flynn, vice president of research at PFGBest in Chicago. “This is a knee-jerk reaction to the headlines that Iran is planning to send two warships through the Suez Canal.”

Crude oil for March delivery rose $1.17, or 1.4 percent, to $85.49 a barrel at 12:11 p.m. on the New York Mercantile Exchange. The contract increased as much as $1.63 to $85.95.

Brent crude oil for April settlement advanced $2.40, or 2.4 percent, to $104.04 a barrel on the London-based ICE Futures Europe exchange. The contract touched $104.52, the highest intraday price since Sept. 25, 2008.

Iranian security officers used tear gas and baton charges to break up a Feb. 14 rally in Tehran, according to Al Jazeera television. Two people were killed in anti-government protests in the Iranian capital, Iran’s Press TV reported yesterday.

“The tension in the Middle East is having a greater impact on the Brent market,” said Todd Horwitz, chief strategist at Adam Mesh Trading Group in New York. “This has a much bigger impact on Europe, we don’t get as much oil from the Middle East.”

Libyan Protests

In Libya, where Qaddafi has held power since leading a military coup in 1969, protesters gathered in the port city of Benghazi and demanded the overthrow of the government, chanting “No God but Allah, Muammar is the enemy of Allah” and “Down, down to corruption and to the corrupt,” the AP reported.

Libya pumped 1.585 million barrels of crude a day in January, making it the eighth-biggest oil producer in the Organization of Petroleum Exporting Countries, according to Bloomberg News figures.

“It appears that the Egyptian revolt is spreading to a number of countries in the region,” said Peter Beutel, president of trading advisory company Cameron Hanover Inc. in New Canaan, Connecticut.

Bahrainis took to the streets for a third day of pro- democracy rallies as Yemeni demonstrators clashed with police. Bahrain’s interior minister, Sheikh Rashid bin Abdullah al- Khalifa, apologized for the killing of two protesters in clashes with security forces this week, saying an investigation is under way, the official Bahrain News Agency said.

The dissent in Bahrain, home to the U.S. Navy’s Fifth Fleet, follows the toppling of autocratic rulers by popular movements in Egypt and Tunisia and marks the spread of unrest into the Persian Gulf.

To contact the reporter on this story: Mark Shenk in New York at [e-mail].

To contact the editor responsible for this story: Dan Stets at [e-mail].

[swanlinbar]

NEYYF 1.97 nice close, ask 2.02

[swanlinbar]

NiMin Energy interview on Bloomberg TV about a pending patent which they just received. http://www.bloomberg.com/video/64153180/ Clancy Cottman, chairman and chief executive officer of NiMin Energy Corp., and Jonathan Wimbish, chief financial officer, discuss the company’s patent-pending technology to retrieve oil from old wells. They spoke with Adam Johnson on Bloomberg Television’s “Bottom Line” on Oct. 28. (Source: Bloomberg) NEYYF Website-http://www.niminenergy.com/s/Home.asp

[swanlinbar]

BRYON CAPITAL MARKETS Research Report -Low Risk Oil Development Onshore USA http://www.byroncapitalmarkets.com/reports/Nimin%20Energy%20Corp.%20Initiation%20Report%20(12-06-2010).pdf

[swanlinbar]

NEYYF Corp.update 2/7/11 http://www.niminenergy.com/s/NewsReleases.asp?ReportID=441398&_Type=News-Releases&_Title=Nimin-Energy-Provides-Corporate-Update

[swanlinbar]

NiMin Energy interview on Bloomberg TV about a pending patent which they just received. http://www.bloomberg.com/video/64153180/ Clancy Cottman, chairman and chief executive officer of NiMin Energy Corp., and Jonathan Wimbish, chief financial officer, discuss the company’s patent-pending technology to retrieve oil from old wells. They spoke with Adam Johnson on Bloomberg Television’s “Bottom Line” on Oct. 28. (Source: Bloomberg)

[swanlinbar]

NiMin Energy (NNN.TO)NEYYF.PK -- the analyst report by Global Hunter Securities, is now available via a link on the NiMin website, see http://www.niminenergy.com/i/pdf/Global-Hunter-Report.pdf

[swanlinbar]

BRYON CAPITAL MARKETS Research Report -Low Risk Oil Development Onshore USA http://www.byroncapitalmarkets.com/reports/Nimin%20Energy%20Corp.%20Initiation%20Report%20(12-06-2010).pdf