Novus Energy Inc NOVUF

Hind site

[GLENN#]

Hind site is 20/20.  May 21, 2013 Mason Granger was quoted to say, '... The problem is that there is a glut of assets for sale in Western Canada so they are joining a big queue of companies that are for sale.  He always felt that the reserves were booked fairly aggressively.'

It could be a longer wait.  If there is a clause in the confidential agreement about, no hostile take-over, my thinking is that we may see action the end of year early next.

[counterintuitive247]

What needs to happen is Novus needs to hit 5000 bbls of oil and maintain that production . They need to do it within cash flow Mainly without much more debt taken on. (currently 90 million and counting) This will demonstrate a sustainable decline. Yes the reserves are booked... Not lots of meat on the bone. The possibility of growing reserves in the companies land portfolio lies in their Alberta

[Pokerchamp]

They should easily hit 5,000 barrels by the end of the year based on no incrase in Q2 and 10% in each of Q3 and Q4.