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To: Veteran98 who wrote (72978)	3/4/2011 10:05:25 AM
From: Boolish	Respond to of 233883

Yup and I still think there is more in her. All the great energy firms like Haywood/Jennings/Sprott buying. Anyway that's a chart breakout now...see where it take us.

To: Veteran98 who wrote (72978)	3/16/2011 9:46:18 AM
From: Veteran98	Respond to of 233883

NVS... Canaccord Morning Coffee...... Novus Energy* (NVS : TSX-V : $1.27), Net Change: 0.06, % Change: 4.96%, Volume: 1,895,394 What? You mean your stock didn’t rally yesterday? Novus Energy reported a 2010 year-end 2P reserve increase of 269% to 9.24 mmboe from 2.5 mmboe. This was markedly ahead of Canaccord Genuity Oil & Gas Analyst Steven Toth's 2P reserves estimate of just 6.5-7.5 mmboe range. 2010 1P reserves were also up, rising 229% to 4.83 mmboe. The Dodsland area accounted for significant portion contributing 7.74 mmboe on a 2P basis. 2P reserves were added at an FD&A cost of $25.77/boe, including future development capital and significant land purchases throughout the year. Toth notes that the majority of reserve additions were in the proved undeveloped and probable reserve categories, which is generally expected for a high-growth company with a multi-year inventory of high-quality identified well locations. Further, proved undeveloped reserves account for ~60% of total 1P reserves; slightly higher than his coverage universe average in the 40-50% range. 2P reserve life index is 16.1 years using annualized Q4/10 production. Concurrently, the company also released an operations update. Average production for 2010 was 1,115 boe/d as seventeen horizontal Viking wells were drilled in Q4/10 in the greater Dodsland area with 100% success, bringing the 2010 total to 33 net wells. All but one is currently on production. Additionally, Novus has recently completed a Bakken light oil well in Saskatchewan (Roncott) and a light oil well at Wembley although rates were not disclosed. At year-end 2010, Novus had $200 million in tax pools and 111,656 net undeveloped acres. Looking ahead, Novus has budgeted $60 million for a capital program in 2011 with 80% allocated to the Dodsland area, unchanged from its previous guidance. 2011 average and exit rate production guidance also remains at 2,400 boe/d and 3,000 boe/d, respectively, (average oil weighting expected to grow to ~85% by year-end 2011). Of note, Novus has secured a drilling rig for the majority of 2011 and commenced drilling on March 6, 2011 on its Viking lands. It has drilled and cased two wells to date.