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NOVUS ENERGY INC. ANNOUNCES RESULTS OF CONTINGENT RESOURCE ASSESSMENT FOR ITS VIKING LIGHT OIL ASSET IN THE DODSLAND AREA OF SA
CONTINGENT RESOURCES DPIIP Low Best High Estimate Estimate Estimate (P90) (P50) (P10) (mmstb) (mmstb) (mmstb) (mmstb) Novus Working Interest Lands 7.2 14.7 28.6 383.2 Novus Option Lands 3.8 7.7 15.0 176.3 Total Resources 11.0 22.4 43.6 559.5 Average Recovery Factor 2.1% 4.3% 8.4% n/a Note: DPIIP volume includes lands that had previously been assigned reserves, as of Dec. 31, 2009.