Invicta Oil & Gas Ltd.
TSX VENTURE : IGG

Invicta Oil & Gas Ltd.

March 27, 2008 19:24 ET

Invicta Changes Name to "LNG Energy Ltd."

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Invicta Oil & Gas Ltd. ("Invicta" or the "Company") (TSX VENTURE:IGG) announces that effective March 28, 2008 it will change its name to "LNG Energy Ltd." to reflect its focus on oil and gas in Papua New Guinea.

The Company's new trading symbol on the TSX Venture Exchange will be "LNG". The company's new website address is www.LNGEnergyltd.com.

The Company also announces that with the increase in activity, as previously planned Ian McKinnon has stepped down from the position of Invicta's President. Ian will continue as a consultant to the Company and pursue other business. Invicta thanks Mr. McKinnon for his contribution to the Company through the execution of the Company's acquisition of the Cheetah assets and the subsequent initiation of the technical program. David Afseth, the current VP, Operations for the Company will serve as the Company's acting President and Chief Executive Officer.

David Afseth has over 30 years of experience in oil and gas drilling, completion and construction. Most recently, he was the Manager, Acquisition - Drilling Operations managing multiple drilling programs with ConocoPhilips Canada that included deep and high pressure gas systems and was instrumental in various acquisitions. He managed a successful drill program of over 1,740 wells (spending over $2.4 billion) over 2005 and 2006. David has also held various senior Management positions with Burlington Resources, Poco Petroleum, Shell Canada, Canada Northwest Energy and Columbia Oil and Gas.

This news release may contain forward-looking statements based on assumptions and judgments of management of Invicta 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 forwardlooking statements. Invicta disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 144,095,965

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

Contact Information

  • Invicta Oil & Gas Ltd.
    Caroline Cook
    Investor Relations
    (778) 373-0103
    (604) 639-4670 (FAX)
    Email: info@LNGEnergyltd.com