Novus Energy Inc NOVUF

RE:Revenues down relative to Q1

[swerv]

As expected but doesn't really change the direction they are going a blimp on the radar!

Results for the second quarter of 2013 were affected by limited capital activity, facility downtimes and operational difficulties as a result of spring break-up. Although eight wells were drilled in the quarter, none were completed and no new production was added. In addition to Novus' own plant turnaround and maintenance, certain third party facilities were shutdown at various times, which contributed to lower than anticipated sales volumes. Heavy snowfall and lease access issues had the effect of increasing operating and transportation costs.