Novus Energy Inc fka NVS

[canucklehead80]

Viking Country
Novus Energy finds 100% drilling success in Saskatchewan
By G Joel Chury

When former Premier Ed Stelmach raised the royalty rate on Alberta oil and gas production in 2007, Saskatchewan production soared. This was especially true for plays which require companies to employ horizontal drilling and advanced completion techniques. Companies like Novus Energy.

“It’s a fantastic area because the Saskatchewan government has done something very intelligent. They’ve initiated a flat fee on the royalty rate, and so it’s 2.5% on the first 37,000 barrels produced,” says Hugh Ross, Novus President/CEO. “It’s way better than Alberta, because it’s a highly attractive royalty rate.”

Read the rest of this article about Novus' Saskatchewan oil play. http://resourceclips.com/2012/05/07/viking-country/