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Bullboard - Stock Discussion Forum Invicta Energy Corp V.VCA

TSXV:VCA - Post Discussion

Invicta Energy Corp > Can VCA finance the capex?
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Post by trade99 on Nov 15, 2011 11:07pm

Can VCA finance the capex?

Lots of drilling permits but does the company have the cash and/or credit to finance the capex???
Comment by lebowski101 on Nov 16, 2011 12:38am
Credit Facility The Company's credit facility has doubled from $3 million to $6.0 million. The increase is primarily based on a review of the production results from the recently completed drilling program at Kindersley. Gordon Reese, President and CEO of Invicta commented "We are very pleased that our lender is supportive of our vision of developing our Viking resource play in ...more  
Comment by chucker6 on Nov 16, 2011 12:42am
If you listen to the presentation they actually have 9 million credit.
Comment by lebowski101 on Nov 16, 2011 12:58am
Ah  - thanks Chucker.All the more encouraging.As an aside, if oil can sustain +$100 bbl for a while come 2012, we will see more analysts taking a closer look at juniors such as VCA.
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