Junior up 30% on arrangement agreement

Stockhouse Canadian Small and Micro-cap Stock Report for Monday, March 18, 2013 TORONTO (SHfn) – Invicta Energy Corp. (TSX: V.VCA, Stock Forum) jumped 30% to 52 cents on Monday after the oil and gas junior announced an arrangement agreement with Whitecap Resources Inc. (TSX: T.WCP, Stock Forum), whereby the exploration and development company would acquire Invicta for either a 0.05891 of a Whitecap common share or $0.51911 in cash per a share. The exploration and development company said it would acquire Invicta to extend its existing oil drilling operations in west central Saskatchewan.

Canadian Zinc Corp. (TSX: T.CZN, Stock Forum) was up 9.6% to 57 cents. The stock is reacting to news that on March 15, 2013 the Mackenzie Valley Land and Water Board issued a Draft Type "A" Water Licence and two Draft Type "A" Land Use Permits for the operation of the Prairie Creek mine. The Water Licence will entitle Canadian Zinc (Licensee) to conduct mining, milling and associated activities at the Prairie Creek mine site, dewater the underground mine for the purpose of mining, use water for processing and domestic purposes, and to dispose of waste for mining and milling, and backfill paste tailings and waste rock into the underground mine. Furthermore, the Land Use Permits will authorize construction and other activities on the Prairie Creek mine site and on the winter road transfer facility near the Liard highway.

Anderson Energy Ltd. (TSX: T.AXL, Stock Forum) was unchanged at $0.205 after climbing 7% to 22 cents in mid-morning trading. The resource-based oil and gas development company announced its operating and financial results for the fourth quarter and year ended Dec. 31, 2012. During the year Anderson reduced bank debt to $48.1 million at Dec. 31, 2012 from $106.7 million at March 31, 2012 with the proceeds from the sale of assets. The company estimates its first quarter 2013 production will be 3,900 to 4,200 barrels of oil per day, of which approximately 55% is from high netback Cardium properties.

Ivanhoe Energy Inc. (TSX: T.IE, Stock Forum) fell 11% to 65 cents after the company posted a net loss from continuing operations of $64 million, which represents a year-over-year increase of $37.2 million. The increase was driven by $20.2 million in exploration and evaluation expenses, the majority of which was related to the drilling of IP-17 in Ecuador, as well as a lower gain on derivative instruments in 2012 than that experienced in 2011.