Invicta Oil & Gas Ltd.
TSX VENTURE : IGG

Invicta Oil & Gas Ltd.

January 04, 2008 19:09 ET

Invicta Extends Memorandum of Understanding With InterOil Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Invicta Oil & Gas Ltd. (the" Company") (TSX VENTURE:IGG) announced that further to its news release of October 11, 2007 the Company and InterOil Corporation ("InterOil") have agreed to extend the expiry of the memorandum of understanding (the "MOU") until February 28, 2008.

The MOU is subject to a number of conditions, including but not limited to the execution of definitive agreements contemplated by the MOU. There can be no assurance that these conditions will be fulfilled.

This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 139,678,528

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Invicta Oil & Gas Ltd.
    Ian McKinnon
    President
    (604) 895-7465
    or
    Invicta Oil & Gas Ltd.
    Arlen Hansen
    Investor Relations
    1-866-568-9528
    Email: info@newdawngroup.com