Invicta Energy Corp V.VCA

New Update

[chucker6]

https://www.invictaenergy.ca/pdf/InvictaPPT12.pdf Some things i noticed at first glance was more land aquired, useing $90 oil and $ 2.25 for gas which prior was 95 and 2.50 which should help beat financial estimates. The Hanna prospect numbers look great and was amazed that the typical cuvre on these wells show that they are still producing 30 bopd after 10 years. 30 wells 16 to us in 2013 useing cash and credit. Still useing Dec 2011 2P reserve est which should be boosted big time when the Alberta properties are used. Looking good.

[chucker6]

On the reserve estimates for Hanna they use 1.6 Mmstb [ 1.6 MILLION STOCK BARRELS] oil in place per 40 acres. they show 7.25 sections in this area which works out to 4,640 acres. so doing the math 4,640 divided by 40 = 116. 116 x 1.6 = 185 Mmstb oip they have approx 6.6 net sections in lucky hills of which they say there is 6-10 Mmstb per section so using top end that 66 Mmstb ok they

[cookster9]

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