09:51 AM EST - NiMin Energy Corp. : announced today the results of its 2010 year-end oil and gas reserves evaluation conducted by Huddleston & Co., Inc. as at December 31, 2010. Highlights include: Proved reserves of 17.3 million barrels of oil equivalent, 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. NiMin Energy Corp.
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