Novas Energy North America has the exclusive license for the proprietary Plasma Pulse Technology and is 100% owned by Novas Energy Worldwide Ltd. and Novas Energy Worldwide is 70% owned by Technovita Technologies Corporation.
Novas Energy North America is an oil and gas EOR stimulation service company with operations established in Canada, USA and Mexico. Horizontal, deviated and vertical well capabilities.
Optimization of Legacy Oil and Gas Assets in Western Canada
Technovita Technologies Corporation and Novas Energy Worldwide Services Ltd. have executed a joint venture agreement with Sustainable Production Partners (SPP) for the Plasma Pulse treatment for a minimum of 100 oil and gas wells annually starting in 2022.
In addition Technovita has been provided an equity position in SPP along with fixed service fees for all wells treated in Western Canada.
Novas Energy Worldwide and Technovita Technologies have created a joint venture for providing Plasma Pulse Technology for the recovery of Coal Bed Methane (CBM) Gas for Australia with the Australian company Coho Resources Ltd.
Coho Resources has Master Service agreements with the all of the major CBM producers in Australia and service contracts have been executed for work to start in 2022.