Stocks and Investing
Stocks and Investing
Thu, February 3, 2011
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NOVUS ENERGY INC. ANNOUNCES 2011 CAPITAL BUDGET &; PRODUCTION GUIDANCE
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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