2009-08-18-2008-01-01-2008-01-01

Acquired 90% interest in co. holding licenses in 8.4 MM acres.

Invicta Oil & Gas Ltd., Vancouver, (Toronto Venture: IGG) has acquired a 90% interest in Cheetah Oil and Gas Ltd., Vancouver, (OTCBB: COGL) British Columbia subsidiary Cheetah B.C. for an undisclosed price. Invicta has agreed to settle approximately $15 million in liabilities and will contribute $10 million in capital during 2008 for exploration and development on Cheetah's licenses in Papua New Guinea. Cheetah holds licenses in approximately 8.4 million acres in Papua New Guinea.