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Invicta Energy Corp V.VCA



TSXV:VCA - Post by User

Comment by GLENN#on May 25, 2012 6:21pm
172 Views
Post# 19948363

RE: RE: RE: Results are out!

RE: RE: RE: Results are out!

I am hard to please when it comes to results.  Netbacks were a little high but reasonable.  Production was on target - nothing special.  I thought income per barrel of oil was a little low compaired to other result in the same area.

But what impressed me was the funds flow at
.01 per share and at that we turned a profite for the quarter at our level of production.  I like the drilling progress and that we are fully funded for this year.  At this rate we are going to have a good year.  Now hopefully we can keep the momentum on share price.  Many stocks that came out we good Q1 results did not gain anything in share price.

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