Novus Energy Inc NOVUF

Calculations

[Pokerchamp]

Assumptions:

Production : 4100 boe

Debt: $79 million

Value per barrel: $90,000

Shares fully diluted: 200 million

Per share value: $1.45       

Value =( (90,000 x 4,100 ) - 79,000,000 ) / 200,000,000

At $100,000 per alue, shares value = $1.66

[Feruk]

Convenient to use Q1 2013 average production and Q4 2012 debt levels. Having said that though, I wouldn't be here if I didn't see the massive value of Novus (but I doubt it's above $1.25). Although I am personally in the hope that an offer is not announced any time soon. This is an incredible day trading engine!