GREY:NOVUF - Post by User
Post by
LocoToroon May 19, 2010 2:58pm
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Post# 17114760
production growth profile
production growth profile
Novus Energy Inc. (NVS:TSX-V)
Website: www.novusenergy.ca
Current Price:
.90 (coverage commenced Mar. 12/10 -
.89)
QIS Capital Comments:
Novus now has over 230 identified drilling targets and a $33 million war chest of cash to pursue a very active year of drilling. We expect to see production increase from around 900 boe/d to a year-end exit rate in excess of 2,200 boe/d. This should be a very active year for Novus and we expect to see further announcements from the company in near future.