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Thu, February 3, 2011

NOVUS ENERGY INC. ANNOUNCES 2011 CAPITAL BUDGET &; PRODUCTION GUIDANCE


Published on 2011-02-03 05:06:29 - Market Wire
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 2011 GUIDANCE SUMMARY(1) Capital Expenditures $60 million Net Wells 57 Net Viking Oil Wells 48 Average Production Volumes 2,400 boe/d (80% oil and liquids) Exit Production Volumes 3,000 boe/d (85% oil and liquids) Funds Flow From Operations $34 million 2011 Year End Debt $25 million Crude Oil Pricing US $88.40 WTI Natural Gas Pricing CDN $4.04 per mmbtu Exchange Rate $0.93 CDN/US (1) The projection of capital expenditures excludes corporate and property acquisitions, which are separately considered and evaluated. 
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