SOURCE: Nova Energy, Inc.

September 18, 2006 12:07 ET

Nova Energy, Inc. Participates in the "Inglish D#1" Barnett Shale

CARSON CITY, NV -- (MARKET WIRE) -- September 18, 2006 -- Nova Energy, Inc. (PINKSHEETS: NVNG) today announced the acquisition of a working interest participation in an oil well in the Barnett Shale area known as the "Inglish D#1," Barnett Shale Prospect, Cooke County, Texas. As a result of a private transaction, Nova received funds in the amount of $564,500, a portion of which was used to acquire an additional working interest participation with Rife Energy Operating, Inc.

"Based upon the current success of the Inglish #1H, horizontal well, in which we previously invested, as announced in our news release dated July 25th, 2006, we felt it was a prudent business decision to continue our relationship with Rife Energy Operating, Inc. and acquire a working interest in 'Inglish D#1.' Our intention is to gradually increase our presence in the 'Barnett Shale' formation, while continuing to explore other viable oil and gas opportunities," said Daymon Bodard, President and CEO.

To learn more about Nova Energy, Inc., as well as general information about the Barnett Shale area and the geology of the oil and gas formations, please visit our web site at

NOVA ENERGY, INC. (PINKSHEETS: NVNG) is a publicly owned U.S. corporation. Nova Energy, Inc. is focused on the recovery of oil and gas reserves through acquisition and project development, concentrating in mature and marginal field enhancement, developmental exploration drilling and low risk opportunities currently in Texas and North Dakota regions. The company continues to evaluate other oil and gas opportunities throughout North America.


The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.

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