Novus Energy Inc NOVUF

Nice post on the Viking

[RIG500]

With oil prices so high, one wonders what it will take for those juniors to move. Nice post on this oil play:

https://www.beatingtheindex.com/the-viking-oil-play-in-saskatchewan/

[GLENN#]

Thanks for the link, we need some positive news.  One thing that was not mentioned is we don't get WTI price, we get Edmonton price that is $10 - $20 below WTI for light sweet.  So we are luck to get $90.  This plus we are heavy in gas is what is killing us right now.  On the up side when / if these stresses are released we should shoot.  Hopefully we will meet our Q1

[swerv]

Not sure what you mean by heavy in gas, see below: What company are you refering too? Operational Highlights • Production increased 77% to 1,971 boe/d, weighted 76% towards oil and liquids, from 1,115 boe/d in 2010. • Fourth quarter production increased 81% to 2,845 boe/d, weighted 83% towards oil and liquids, in 2011 from 1,571 boe/d in the corresponding quarter of 2010.

[Joyce1952]

Good clarification with actual facts. Also, management has had success in the past:Most of the Novus management team was part of the growth story of Gentry Resources Ltd., an oil-weighted exploration and production company, that over eight years grew from initial seed financing of $2.5 million (.22 per share) to $300 million ($4.19 per share) when it merged with Crew Energy Inc. in August 2008

[j.r.oilking]

These are true facts.