I attended the open house at Novas' new Houston office last night. They were very encouraged by the interest in their technology at NAPE and they have several follow-up meetings scheduled with E&P companies that may try their pulse technology in their fields. Novas, which trades as PROP, has a ton of upside if they can prove their technology works to increase production in mature fields.
The market is HUGE in the U.S., which has hundreds of thousands of stripper wells.
I will be following their progress closely.
Novas Energy
Novas Energy
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group