Invicta Oil & Gas Ltd.

Invicta Oil & Gas Ltd.

September 19, 2007 21:06 ET

Invicta Oil & Gas Ltd.: New Director and Chief Financial Officer; Stock Options Granted

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - Invicta Oil & Gas Ltd. ("Invicta" or the "Company") (TSX VENTURE:IGG) is pleased to announce the addition of Ian McKinnon to its board of directors and the appointment of Kathleen Butt as Chief Financial Officer of the Company effective September 19, 2007.

Ian McKinnon has over 35 years experience primarily focused in the energy sector. Mr. McKinnon's experience ranges from oilfield trucking and oil & gas well drilling contracting to exploration and production companies where he held senior management positions. Mr. McKinnon most recently restructured the Papua New Guinea assets and balance sheet of Cheetah Oil & Gas Ltd. Mr. McKinnon is currently a director of Cheetah Oil & Gas Ltd. as well as a director of Water Solutions Inc. Mr. McKinnon has served as a past director with Norscot Holdings Ltd.

Kathleen Butt is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of British Columbia. She was previously a tax manager with Ernst & Young LLP (Vancouver), where she articled and obtained her Chartered Accountant designation. Ms. Butt has over 10 years of experience in the oil and gas industry. Currently she serves as an officer in a number of public companies.

The Company also announces that Nial Barrett has resigned as Chief Financial Officer of the Company in order to pursue other business opportunities. Invicta would like to thank Mr. Barrett for his many contributions to the growth and success of the Company.

Invicta also announces that it has granted 921,000 stock options pursuant to its previously approved stock option plan to directors, officers and consultants of the Company. The options were granted at an exercise price of $0.67 per share for a period of five years.

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: 44,660,000

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

Contact Information

  • Invicta Oil & Gas Ltd.
    Paul Larkin
    (604) 687-7767
    (604) 688-9895 (FAX)