Novus Energy Inc NOVUF

RE: RE: RE: Q3 Results Out

[nlr2]

    I agree that the numbers were excellent and that certain parties are keeping their share price down. I think that 2012 is shaping up to be an excellent year for NVS. It is vital that we prove up the concept of 16 wells per section, continue to drive down costs, further exploit and prove the Flaxcombe pool, explore and hopefully prove up the Birdbear formation and get approval and implement a test waterflood. If we accomplish these goals we should be rewarded. Hugh Ross and his team are stellar and as such I hardly have to spend any time worrying about this company, I know they will do what they say they will. I also will be curious to see who buys Compass and for how much. Once that transaction occurs then we will be able to see what NVS would fetch on the open market. I think we just need more holes before a takeover because then a larger company can step in and serve as asset manager as opposed to explorer implement the flood and book the reserve adds.
         
     On an interesting note I was in Kerrobert on the weekend and I heard that Penn West has drilled far beyond their infastructure capacity in the area. I wonder if that would make Novus with their two large capacity batteries more attractive? 
NLR