Invicta Energy Corp V.VCA

NICE INVENTORY OF WELLS

[oilfield13]

WILL BE DRILLED IN QTR/1...............2013

[cookster9]

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[chucker6]

3 new wells licenced. 2 today and 1 on Friday. I think that makes 8 wells licenced waiting to be drilled. Also here's a NR from Mosaic Energy, looks like they intend to step up the drilling near our properties.https://www.mosaicenergy.ca/news_releases.php

[chucker6]

Another Sask well licenced yesterday. They said they would have an update in a month, were now going 6 weeks. I think we could an update any day and with the new promotion company now on the books we may see another push higher on the SP.

[cookster9]

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[chucker6]

Looks like good news is coming are way. See lots of new buyers lately, usually the same 4 or 5 houses do all the trading. The price differential is shinking and oil is getting higher. The budget uses $80 but is now closer to $90. 1) Based on CDN $80/bbl realized oil price. A $1 change in oil price has an estimated $265,000 ($0.003/share) impact on the forecasted funds flow for 2013 One more thing

[mooreman]

I agree, chucker.  This recent movement towards a new 52 week high is in advance of some positive fundamental developments.  It's been a nice, steady advancement in share price since June-July.  As we longs are already aware, the projected 2013 cash flow  of 0.16 / share equates to a share price of 0.48 - 0.64 when applying modest price to cash flow multiples

[chucker6]

One new Sask well licenced today. Paradigm were selling again the last few days, the last two times they sold off shares there was a news release about a week later that sent the stock higher. Found it strange that they are covering the stock and they sell it off just before good news comes out and stock goes much higher, we shall see.

[Nukey]

some very good resistance at 30 cents..... i hope it runs once through this number!  

[cookster9]

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[chucker6]

New well licenced today in Sask. RRX our big brother had a great NR and i'm expecting a great NR soon with a new reserve est. Last one was Dec 2011. Sent an email trying to get some info on Alberta and Mosaic Well results in Hanna but no responce which is unusual because all other quieries were answered promptly. Thinking these questions will be addressed in the next NR.

[chucker6]

Posted Canadian Par Average (40 API) $100.06 CAD/BBL https://www.globalnews.ca/canada/money/energy+minister+gives+irving+tentative+approval+for+west-to-east+oil+pipeline/6442800752/story.html The railing of oil and the recent increase in pipeline capacity is big time value for VCA. Probably getting around $95 a barrel, they use $80 for the year financials. Oil is going to start

[chucker6]

Based on CDN $80/bbl realized oil price. A $1 change in oil price has an estimated $265,000 ($0.003/share) impact on the forecasted funds flow for 2013