Operations

Bighorn Basin: Ferguson Ranch, Hunt, Willow Draw, Sheep Point Fields

Nimin Energy Corp. owns and operates at an average 97 percent working interest in four mature heavy oil fields located in Park County Wyoming which it acquired in December of 2009. The fields which were discovered between 1966 and 1971, have produced over nine million barrels of oil since discovery.

The fields are part of the Basin Margin Anticline play on the Western side of the Big Horn Basin and produce from the Tensleep Sandstone of Pennsylvanian age and the Phosphoria limestone of Permian age. Oil gravities range from 14 to 18 degrees API from an approximate reservoir depth of 3,500 to 4,500 feet.

The Company believes the fields to have significant infill drilling potential and plan to drill multiple development wells in the fields. Offset fields in the basin have already been infill drilled and have shown a significant increase in oil recovery and production rates due to the drilling. The company anticipates several years of drilling activity as it develops this core set of assets. While drilling these development wells the company will be studying the feasibility of implementing its CMD technology (see technology section) on the fields for future enhanced oil recovery.

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