Novus' Positive Development

ARTHUR GRAYFER, CIBC (10/06/2010)
"Novus Energy announced a farm-in agreement with a private oil and gas company in the Plato area of Saskatchewan, where it will have the right to earn up to 5.25 net sections of land with Viking rights. . .We view this to be modestly positive as the farm-in allows the company to earn Viking lands with a small earn-in commitment, taking the Viking acreage under control to 82.25 net sections. . .We have maintained the potential inventory as upside optionality to our Risked NAV."

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