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Enter Symbol
or Name
USA
CA



Invicta Energy Corp
Symbol VCA
Shares Issued 75,609,049
Close 2012-09-14 C$ 0.18
Market Cap C$ 13,609,629
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Invicta begins nine-well drill program at Kindersley

2012-09-17 18:00 ET - News Release

Mr. Gordon Reese reports

INVICTA ENERGY COMMENCES 9 GROSS (4.8) NET WELL DRILLING PROGRAM

Invicta Energy Corp. has commenced the third quarter/fourth quarter drilling program of nine gross (4.8 net) wells at Kindersley, Sask. (Lucky Hills). These wells will complete the planned 2012 drilling program of 20 gross (11 net) wells. Current field production is 325 to 350 barrels per day of light oil with total corporate production at 400 barrels of oil equivalent per day. Upon completion of the third quarter/fourth quarter drilling program, the company's exit production is estimated to be 625 to 675 barrels of oil equivalent per day (80 per cent light oil).

Invicta is positioned for growth with top-quartile operating netbacks and a drilling inventory in excess of 200 development locations on its low-risk light oil resource play at Kindersley. The company continues to work on a number of light oil prospects in central Alberta on its 49,587 gross acres (47,753 net acres), and looks forward to drilling and developing its next core area in 2013.

An updated corporate presentation is available on the Invicta website.

We seek Safe Harbor.

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