Novus’ strategy is to target high-impact growth through acquisitions in high netback properties, combined with organic growth through the drill bit. Under a new management team, the company’s name was changed to Novus Energy Inc. in mid-2009 and a new growth strategy was put in place targeting:

• Light oil resource plays with significant original oil-in-place
• Application of horizontal multi-stage fracture technology to exponentially
  increase oil recovery
• Focus on well delineated, low geological risk reserves
• Lands to possess large aerial extent to support large-scale, repeatable drilling programs