Oilprice.com reported on the Russian billionaire Roman Abramovich investing $15 million into Houston-based Propell Technologies Group, Inc. (OTC:PROP) and its new fracking technology from wholly owned subsidiary Novas Energy.

Propell Technologies (PROP) Novas Energy USA has a great new website…really explains the advantage of the their Plasma Pulse Technology (PPT) for substantially increasing oil production from existing oil wells without water or environmentally damaging acid washing or fracking.

With $50 oil, small producers need ALL the help they can get to keep their wells economic…Plasma Pulse from Novas Energy is an answer to their prayers

http://www.novasenergy.com/

New York Gov. Andrew Cuomo’s administration said Wednesday it would prohibit hydraulic fracturing statewide, citing health concerns and calling the economic benefits to drilling there limited.

“I cannot support high-volume hydraulic fracturing in the great state of New York,” acting health commissioner Howard Zucker said, adding that he wouldn’t allow his own children to live near a fracking site. He said the “cumulative concerns” about fracking “give me reason to pause.”