Novus Wins Right to Explore Block in Ras al-Khaimah

Novus has been awarded an exploration block covering approximately 600 square kilometers onshore Ras al-Khaimah. Novus will operate the block with a 100% working interest.

Ras al-Khaimah is in the northern most Emirate in the United Arab Emirates. The award of the concession represents a new country entry for Novus, and is a further demonstration of the company’s commitment to gas exploration in the Gulf region.