Consolidated Statements of Cash Flows (Going Concern Basis) (USD $)	6 Months Ended	9 Months Ended
	Jun. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net lncome (loss)	$ 28,858,180	$ (1,004,377)
Adjustments to reconcile net lncome (loss) by (used in) operating activities:
Depreciation, depletion, amortization, and accretion	1,697,361	2,521,067
Change in fair value of options	(296,519)	(449,266)
Change in fair value of warrants	(235,134)	(689,766)
Unrealized foreign exchange (gain) loss	0	88,436
Gain on sale of oil gas properties	(46,377,296)	0
Stock-based compensation	2,289,567	1,861,058
Unrealized (gain) loss on crude oil derivative contracts	82,731	(2,317,383)
Write down of fixed assets	97,064	0
Non-cash interest expense	3,497,867	648,125
(Increase) decrease in assets:
Trade accounts receivable,	1,061,589	(1,917,254)
Prepaid expenses	311,922	(98,582)
Crude oil inventory,	149,553	127,014
Increase (decrease) in liabilities:
Accounts payable and accrued liabilities	7,850,251	507,578
Asset retirement obligation	659,114	0
Net cash provided by (used in) operating activities	(353,750)	(723,350)
Cash flows from investing activities:
Purchase of and expenditures on crude oil and natural gas properties	(1,579,255)	(17,769,293)
Sale of oil & gas properties	119,245,819	0
Purchase of equipment	0	(68,564)
Increase in restricted investments	(3,143,741)	19,689
Net cash provided by (used in) investing activities	114,522,823	(17,818,168)
Cash flows from financing activities:
Repayment of long-term debt	(36,000,000)	0
Repurchase of options	(29,108)	0
Exercise of warrants and options	0	8,181,848
Proceeds from issuance of common shares (net of costs)	0	3,609,819
Net cash provided by (used in) financing activities	(36,029,108)	11,791,667
Change in cash and cash equivalents during the period	78,139,964	(6,749,851)
Cash and cash equivalents at beginning of the period.	3,811,028	9,490,005
Foreign exchange on cash and cash equivalents	0	(112,004)
Cash and cash equivalents at end of the period.	81,950,992	2,628,150
Supplemental disclosure of cash flow information:
Cash paid for interest	2,945,444	3,365,753
Cash paid for income tax expense	$ 0	$ 0

NiMin Energy Corp. 10-Q