Post by
chucker6 on Feb 11, 2013 9:05am
News
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.
Comment by
chucker6 on Feb 11, 2013 10:57am
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.
Comment by
michelleb33 on Feb 11, 2013 11:33am
why people selling off this good news.
Comment by
Nukey on Feb 11, 2013 1:10pm
STUPIDITY!!!! only reason I can figure......
Comment by
GLENN# on Feb 11, 2013 1:11pm
Buy on rumor - sell on fact. It was good news but earning not due out until April I think.
Comment by
chucker6 on Feb 12, 2013 8:12pm
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.
Comment by
chucker6 on Feb 13, 2013 10:39am
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.
Comment by
chucker6 on Feb 13, 2013 7:59pm
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.
Comment by
bullbleep on Feb 14, 2013 10:42am
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,
Comment by
AlLouard on Feb 14, 2013 11:27am
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
Comment by
chucker6 on Feb 14, 2013 1:09pm
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.