2009-08-11-2008-02-01

To purchase oil properties in Provost area with high WI producing 650 BO/d. 2P 1.8 MMBOE.

NuVista Energy Ltd., Calgary, (Toronto: NVA) plans to acquire oil properties in the Provost area of eastern Alberta from an undisclosed seller for C$24.5 million. The assets are close to NuVista's Chauvin properties and include a high working interest producing 650 barrels of oil per day of 23-degree API oil. Proved plus probable reserves are 1.8 million barrels of oil equivalent. The deal is valued at $15 per barrel equivalent based on proved plus probable reserves. NuVista is operator. NuVista will fund the acquisition with debt and cash flow from operations. The effective date is Oct. 1, 2007.