JONATHAN FLEMING, Cormark Securities (10/06/2010)
"Novus now has 82.25 net sections of land in the Dodsland area. The company also announced that it had commenced its fall drilling program in the Dodsland area with plans to drill a minimum of 11 horizontal Viking oil wells in Q410. Novus may increase the number of wells to be drilled with favorable weather conditions. . .The company has also recently participated in 7 gross (3.5 net) horizontal Viking oil wells at Dodsland (tie in expected in Q410) and a prospective 35% WI Bakken oil well at Rocanville. Novus currently has $16 million of positive working capital and unused lines of credit to fund its growth. We reiterate our BUY recommendation."

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