Invicta Energy Corp V.VCA

Rumor

[oilfield13]

Apparently Invicta still has a partner................but a new one!

[chucker6]

Hi can you give more. Thanks.

[oilfield13]

I don't know  who the new partner is but the old partner was Paramount.

[chucker6]

The property is now owned by Wildstream Exploration. Very active company and have been increasing production. Buyout? Why not and then attack the big land position in Alberta.

[chucker6]

Contacted Invicta and they are currently putting togeather a news release on this and future plans. Would seem to me that Wildstream would like 100 % of these lands, maybe this is the reason for being so quiet regarding the Alberta property. I think something real good is in the works.

[oilfield13]

Thanks chucker.Hopefully it's all good.

[chucker6]

Also emailed WS and asked about the purchase and there involvement with Invicta. There answer was No Comment.

[chucker6]

Another new partner? WSX wildstream has been halted with rumours of them getting bought out. Getting more interesting.

[oilfield13]

interesting to say the least. Invicta's latest drilling program in Sask is almost wrapped up as well.......News release soon i hope!

[chucker6]

Same guys, new company. Now we need to know where we stand.

[chucker6]

Newco will be a new publicly listed junior exploration and production company led by Neil Roszell as President and CEO and four members of Wild Stream's current management team. Newco will be a growth entity with approximately 1,000 boe/d of 100% oil weighted production. The production is 100% focused in the Dodsland area of southwest Saskatchewan and is complemented by a dominant land

[skdriller]

Looks like a solid company that is trading a big discount to its proved and it's 2P NAV. Looks like a good take out potential and using the metrics of the compass deal, could be very good for shareholders. IMHO do your own DD, GLTA 

[chucker6]

Trading like something good is just around the corner.