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Novus Energy Inc NOVUF

Energy Oil & Gas E&P


GREY:NOVUF - Post by User

Novus Energy Inc > Good Job Eric! you da man!
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Comment by nlr2on Dec 15, 2010 8:01pm
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Post# 17853077

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

RE: RE: RE: RE: Good Job Eric! you da man!I think he was probably quite accurate on his valuation. The most interesting part for me was the technological improvement. Heating water is a pretty low cost solution and if it increases production by ten or fifteen percent that makes a world of difference. Can't wait to see the next set of well results to see if their was an improvement in IP's and a lowering of costs. Also today Novus licienced a new pool wildcat well for Waipati. This is an area that Seaview and Nuvista have invested in heavily because of its Cardium potential. Success at Waipati with out 14 sections there would add roughly 56 cardium locations and give us a second core area.

NLR
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