NiMin Energy Corp. Announces 2011 Third Quarter Results

NiMin Energy Corp. (TSX:NNN) reported its financial results for the quarter ended September 30, 2011.

As quoted in the press release:

Highlights of the third quarter include the following:

– Record production of 1,154 barrels of oil equivalent (“Boe”) per day in the third quarter of 2011 up 40% from 826 Boe per day in the third quarter of 2010 and exited the quarter at over 1,300 Boe per day;

– Oil and gas sales were $6.47 million in the third quarter of 2011, up 87% from $3.45 million in the third quarter of 2010 due to increased production and commodity prices;

– Net income of $3.64 million, or $0.05 per share, in the third quarter of 2011 versus a (loss) of ($4.64) million, or ($0.08) per share, in the same period of 2010;

Click here to read the NiMin Energy Corp. (TSX:NNN) press release.