Novus Energy Inc NOVUF

RE: RE: RE: Good Job Eric! you da man!

[ardvark11]

Maybe Eric was correct in his valuation of NVS.  Easy to do math:

use 1500 bbl oil exit 2010 at 100,000 = 150 million dollars
and 500 boe gas                  at 30,000 =  15 million dollars

so value for production is 165 million which is about a buck a share. No value has been placed in land or contingent reserves. Or upside exploration or upside production at 90 wells surveyed at 42 bblpd is 3800 bbls.  Even oilsands values contingent reserves between a dollar and 80 cents. 

Maybe all the banks missed it?????