Invicta Oil & Gas Ltd.

Invicta Oil & Gas Ltd.

January 30, 2008 17:10 ET

Invicta Oil & Gas Ltd.: Amended Management Discussion and Analysis

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - As a result of a review by the British Columbia Securities Commission, Invicta Oil & Gas Ltd. (TSX VENTURE:IGG) (the "Company") is filing on SEDAR Amended and Restated Management Discussion and Analysis ("MD&A") for the interim periods ended December 31, 2006, March 31, 2007 and June 30, 2007.

The amendments to the MD&A include the following:

(a) additional disclosure related to Initial Adoption of Accounting Policies and Related Party Transactions in the December 30, 2006 MD&A;

(b) further explanations on the Results of Operations in the June 30, 2007 MD&A; and

(c) corrections to the explanation previous provided on the Summary of Quarterly Results relating and amendments to the Company's Forward Looking Statements in the December 31, 2006, March 31, 2007 and June 30, 2007 MD&A.

The amendments to the MD&A did not result in any restatement to the Company's Financial Statements for the affected periods.

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 forward-looking statements. Invicta disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 143,970,965

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

Contact Information

  • Invicta Oil & Gas Ltd.
    Kathleen Butt
    Chief Financial Officer
    (778) 373-0103
    (604) 639-4670 (FAX)