Invicta Energy Commences 9 Gross (4.8) Net Well Drilling Program
15 9월 2012 - 8:37AM
PR Newswire (Canada)
CALGARY, Sept. 17, 2012 /CNW/ - Invicta Energy Corp. ("Invicta" or
the "Company") is pleased to announce the commencement of the Q3/Q4
drilling program of 9 gross (4.8 net) wells at Kindersley,
Saskatchewan (Lucky Hills). These wells will complete the
planned 2012 drilling program of 20 gross (11 net) wells.
Current field production is 325-350 bbl/d of light oil with total
corporate production at 400 boe/d. Upon completion of the Q3/Q4
drilling program, Company's exit production is estimated to be
625-675 boe/d (80% 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:
www.invictaenergy.ca. About the Company Invicta is a Calgary based,
emerging junior oil and gas company exploring and developing light
oil opportunities in Saskatchewan and Alberta. The Company's
current focus is the development of its Viking resource play in
Kindersley, Saskatchewan. Invicta's common shares trade on
the TSX Venture Exchange under the symbol VCA and the Company has
75.6 million shares outstanding. Cautionary Statements: This press
release contains certain forward-looking statements (forecasts)
under applicable securities laws relating to future events or
future performance. Forward-looking statements are necessarily
based upon assumptions and judgements with respect to the future
including, but not limited to, the outlook for commodity markets
and capital markets, the performance of producing wells and
reservoirs, well development and operating performance, general
economic and business conditions, weather, the regulatory and legal
environment and other risks associated with oil and gas operations.
In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "should", "expect", "projects",
"plans", "anticipates" and similar expressions. These statements
represent management's expectations or beliefs concerning, among
other things, future operating results and various components
thereof affecting the economic performance of Invicta. Undue
reliance should not be placed on these forward-looking statements
which are based upon management's assumptions and are subject to
known and unknown risks and uncertainties, including the business
risks discussed above, which may cause actual performance and
financial results in future periods to differ materially from any
projections of future performance or results expressed or implied
by such forward-looking statements. Accordingly, readers are
cautioned that events or circumstances could cause results to
differ materially from those predicted. In the interest of
providing Invicta shareholders and potential investors with
information regarding Invicta, including management's assessment of
future plans and operation, certain statements throughout this
press release constitute forward looking statements. All
forward-looking statements are based on Invicta's beliefs and
assumptions based on information available at the time the
assumption was made. The use of any of the words
"anticipate", "continue", "estimate", "expect", "may", "will",
"project", "should", "believe" and similar expressions are intended
to identify forward looking statements. By its nature, such
forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward
looking statements. Invicta believes the expectations
reflected in those forward looking statements are reasonable but no
assurance can be given that these expectations will prove to be
correct and such forward looking statements contained throughout
this press release should not be unduly relied upon. These
statements speak only as of the date specified in the
statements. In particular, this press release may contain
forward looking statements pertaining to the following: -- the
performance characteristics of Invicta's oil and natural gas
properties; -- oil and natural gas production levels; -- capital
expenditure programs; -- the quantity of Invicta's oil and natural
gas reserves and anticipated future cash flows from such reserves;
-- projections of commodity prices and costs; -- supply and demand
for oil and natural gas; -- expectations regarding the ability to
raise capital and to continually add to reserves through
acquisitions and development; and -- treatment under governmental
regulatory regimes. Invicta's actual results could differ
materially from those anticipated in the forward looking statements
contained throughout this press release as a result of the material
risk factors set forth below, and elsewhere in this press release:
-- volatility in market prices for oil and natural gas; --
liabilities inherent in oil and natural gas operations; --
uncertainties associated with estimating oil and natural gas
reserves; -- competition for, among other things, capital,
acquisitions of reserves, undeveloped lands and skilled personnel;
-- incorrect assessments of the value of acquisitions and
exploration and development programs; -- geological, technical,
drilling and processing problems; -- fluctuations in foreign
exchange or interest rates and stock market volatility; -- failure
to realize the anticipated benefits of acquisitions; -- general
business and market conditions; and -- changes in income tax laws
or changes in tax laws and incentive programs relating to the oil
and gas industry. These factors should not be construed as
exhaustive. Unless required by law, Invicta does not
undertake any obligation to publicly update or revise any forward
looking statements, whether as a result of new information, future
events or otherwise. Barrels of oil equivalent (boe) may be
misleading, particularly if used in isolation. A boe conversion
ratio of six thousand cubic feet (mcf) of natural gas to one barrel
(bbl) of oil is based on an energy conversion method primarily
applicable at the burner tip and is not intended to represent a
value equivalency at the wellhead. All boe conversions in this
press release are derived by converting natural gas to oil in the
ratio of six thousand cubic feet of natural gas to one barrel of
oil. Certain financial amounts are presented on a per boe basis,
such measurements may not be consistent with those used by other
companies. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this Press release. Invicta Energy Corp. CONTACT: For
further information please visit our websiteat www.invictaenergy.ca
or contact the following:Gordon Reese President & CEO (403)
265-8890 ext 1 or Carrie McLauchlinVice President, Finance &
CFO(403) 265-8890 ext 4
Copyright
Invicta Energy Corp (TSXV:VCA)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Invicta Energy Corp (TSXV:VCA)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024