NiMin Energy (fka NEYYF)

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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