Drilling Update Invicta released a brief update today (see below). Among highlights:
* 10 wells were completed (up from previously announced 9)
* 4 of these wells have been placed on production, with all 10 expected to be producing by end of November
* Q3 results to be released on/before Nov. 23
Have a good evening.
Invicta Energy finishes drilling 10 Kindersley wells
2012-10-23 07:12 ET - News Release
Mr. Gordon Reese reports
INVICTA ENERGY ANNOUNCES DRILLING PROGRAM UPDATE
Invicta Energy Corp. has completed drilling 10 gross (5.1 net) wells at Kindersley, Sask. (Lucky Hills). During this program Invicta increased the total number of drills to 10 from the previously announced nine wells as a result of available capital and approved well licences. Completion of these wells, including multistaged fracturing, has commenced, and to date four of the wells have been completed and placed on production. All 10 wells are expected to be producing by the end of November. The company will be in a position to comment on the production rates in November along with the financial results for the third quarter. Invicta expects to release third-quarter 2012 operating and financial results on or before Nov. 23, 2012.
We seek Safe Harbor.