Invicta Energy Corp V.VCA

News

[chucker6]

all numbers moving the right directions. Still no Alberta news, year end numbers usually in the last week so probably no more news till then. 7 wells drilled.

[chucker6]

Operating Netback (Q4/YTD): $68.50/boe /$60.00/boe Looks like railing and hedging are paying off big time. $68.50 is ausome. https://www.invictaenergy.ca/pdf/InvictaPPT12.pdf new presentation.

[michelleb33]

why people selling off this good news.

[Nukey]

STUPIDITY!!!! only reason I can figure......

[GLENN#]

Buy on rumor - sell on fact. It was good news but earning not due out until  April I think.

[chucker6]

The presentation shows that the 2013 well program is showing the best results to date and lets remember that the prior program had some of the most productive wells drilled to date in this area. 100-120 bopd. Still cheap.

[chucker6]

Feb 11 VCA says produced 109,000 boe. New presentation says they averaged $60 boe netback for the year. 109,000 x $60 = $ 6,540,000. The presentation still uses $5,600,000 estimate for yearly funds flow. This is a 16% increase over estimate, the year end numbers should be great and the NR will highlight this.

[chucker6]

Includes 92 gross (50 net) undeveloped gross locations (approx. 3 years of drilling) of which Invicta has drilled 7 gross wells to date in 2013 and plans to drill 4 gross wells following breakup. Thinking they have hit there production target with only 7 wells, the land keeps getting more valuable. No need to over drill when the end target is a sale.

[bullbleep]

probably just a difference between additional costs deducted from field netbacks to bottom line funds flow. VCA is a great growth story. Whatever way you look at it - solid performance year over year,

[AlLouard]

Chuck No need to over drill when the end target is a sale. Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?s=VCA&t=LIST&m=32177974&l=0&pd=1&r=0#iarZ7vSGKk6Xx2Ui.99   Could you please expand on this comment. Thank you

[TheCardinal]

These junior O&G explorers are like the farm teams of a major league baseball club.  A farm team's main purpose in life is to develop and produce players for the major league club.      In like fashion, the main purpose of these O&G juniors is to develop producing properties for buy-out by a major O&G.  That's how majors get to be majors, by

[chucker6]

The land has proven to be a no brainer, when these type of juniors are sold a price per flowing barrel is usually used. You will definately get a much higher PPFB when the property is still mostly undeveloped.

[chucker6]

Pretty quiet here, i finally got a response from Gord and all is going as planned. The 100 % owned well drilled this year is performing well and another 100% well will be drilled Q1. Alberta drilling pushed back till after spring breakup. They want to be careful and not get caught in a bad spring breakup. The presentation has been updated abit showing the 2013 drilling program is outperforming all