Novus Energy Inc NOVUF

got a feeling they will raise money here

[TTSB]

possibly another 25 million at .90 cents....noticed cormark shorting and dumping their .85 cent position in the high ,90sss....

[Seenitallb4]

Can't imagine you have never been wrong or had an ulterior motive based on this.........TTSB4member since 3/12/2008quality  1performance  4participation  1reputation  41friends22people tracking0blog postsoverall value 08036bullboard postsoverall value 12groups381people ignoring0blog reads1842464bullboard reads

[TTSB]

what does that haveto do with what i feell..bottom line imo 50boed per day wells just does not cut it unless you have 200 in production....in order to get those boe d going they will need to hacve a massive drilling campaign....as we all know one million per well we willl nedd access to 100 million to put novus on the map////15 in cash...30 in credit facilityplus an additinal raising at .90 centy

[nlr2]

This company will never get too 200 wells in production, thats around 10,000 boe/d which does not fit this management teams MO. If they wanted to create a midcap producer they could have just stuck with Gentry and its Pekisko locations and hit that target much easier. Ross and his team will hit 5000 boe/d in the next two years and sell out to a larger player who wants to institute a waterflood