Invicta Energy Corp. Effects Name Change, Commences Trading on the TSX Venture Exchange and Provides Operations Update

Invicta Energy Corp. ("Invicta" or the "Company") (TSX VENTURE:VCA), formerly
named Royal Acquisition Corp., is pleased to announce the receipt of the final
bulletin of the TSX Venture Exchange in connection with the completion of the
qualifying transaction with Invicta Energy Ltd. on November 10, 2010. In
connection therewith, the Company has effected a name change from Royal
Acquisition Corp. to Invicta Energy Corp. The common shares of the Company
("Common Shares") will commence trading on the TSX Venture Exchange on November
26, 2010 under the trading symbol "VCA". 


Invicta is a Calgary based emerging junior oil and gas company focused on
exploring and developing Viking light oil opportunities on lands in Kindersley,
Saskatchewan and Redwater, Alberta.


The members of the management team are: Gordon Reese, President & CEO; John Gee,
P.Eng., VP Engineering & COO; Carrie McLauchlin, CA, VP Finance & CFO; and
Gordon Timm, P. Land, VP Land.


The board of directors is comprised of: Dennis Nerland, LLB (Chair); Gordon
Reese; Douglas J. Bartole, P.Eng., Larry M. Jones; and Brian K. Petersen, CFA.


Corporate Highlights:



--  35.7 million Common Shares outstanding (57.2 million diluted)  
--  Officers and directors own 25% of the Common Shares outstanding (30%
    diluted) 
--  Forecast 2010 exit production of 175 - 200 boe/d 
--  27,000 gross acres (25,600 net acres) of undeveloped land 
--  Over 80 drilling locations on the Kindersley lands 



Operational Update:

Invicta drilled a total of 3 gross horizontal (3 net) wells during the third
quarter of 2010 with a 100% success rate. The horizontal well drilling program
was conducted at Kindersley, Saskatchewan as the three earning wells in an
active Viking light oil area. The Company has now earned 6 sections of land, in
addition to the 2 sections (1.1 net) acquired in April, 2010. Invicta has
elected to drill the fourth option well which is expected to be drilled in 2011.
With the success of the first three horizontals, Invicta is now preparing for
the drilling of additional development locations on these lands through fourth
quarter 2010 and throughout 2011. Invicta has identified in excess of 80
drilling locations on these lands.


The 3 earning wells were drilled in August, but not completed until early
October due to operational delays caused by wet weather. All 3 wells were
drilled with approximately 600m of horizontal laterals utilizing monobore
technology. Each well was subsequently multi-staged frac'd with 15 stages. Two
of the three wells were placed on production in mid October and are currently
still flowing without any artificial lift. During the first 30 days of
production, the two wells averaged 50 bopd and 30 bopd, respectively, excluding
solution gas. The initial oil rates of these two wells varied from 50 to 90 bopd
with associated gas. These values are in line with similar 600m monobore wells
drilled in the area. 


Invicta is currently pipelining the associated gas for the three wells which
will enable gas conservation and added revenues. The third well was shut-in mid
October to complete the tie-in of solution gas. During the initial 5 day
production test, oil rates were increasing steadily with the gas. It is
anticipated that the pipeline will be completed and the well onstream by late
November at a rate of 500 mcf/d with oil rates of 15 bopd. This oil rate is
anticipated to increase with time based on the performance of surrounding wells.
The tie-in of the associated gas is expected to bring Invicta's field production
to 90 bopd plus gas production of 700 mcf/d or over 200 boe/d.


Invicta is preparing to license two vertical drilling locations on a Viking
light oil play located in central Alberta. With the anticipated drilling of
these two wells in December, 2010, Invicta will earn two sections of an eight
section farmin. Additional drilling locations have been identified along the
pool trend which has not been exploited with horizontals.


Cautionary Statement:

This press release contains certain forward-looking statements (forecasts) under
applicable securities laws relating to future events or future performance.
Forward-looking statements are necessarily based upon assumptions and judgements
with respect to the future including, but not limited to, the outlook for
commodity markets and capital markets, the performance of producing wells and
reservoirs, well development and operating performance, general economic and
business conditions, weather, the regulatory and legal environment and other
risks associated with oil and gas operations. In some cases, forward-looking
statements can be identified by terminology such as "may", "will", "should",
"expect", "projects", "plans", "anticipates" and similar expressions. These
statements represent management's expectations or beliefs concerning, among
other things, future operating results and various components thereof affecting
the economic performance of Invicta. Undue reliance should not be placed on
these forward-looking statements which are based upon management's assumptions
and are subject to known and unknown risks and uncertainties, including the
business risks discussed above, which may cause actual performance and financial
results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements.
Accordingly, readers are cautioned that events or circumstances could cause
results to differ materially from those predicted.


In the interest of providing Invicta shareholders and potential investors with
information regarding Invicta, including management's assessment of future plans
and operation, certain statements throughout this press release constitute
forward looking statements. All forward-looking statements are based on
Invicta's beliefs and assumptions based on information available at the time the
assumption was made. The use of any of the words "anticipate", "continue",
"estimate", "expect", "may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward looking statements. By its nature,
such forward-looking information involves known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially
from those anticipated in such forward looking statements. Invicta believes the
expectations reflected in those forward looking statements are reasonable but no
assurance can be given that these expectations will prove to be correct and such
forward looking statements contained throughout this press release should not be
unduly relied upon. These statements speak only as of the date specified in the
statements. 


In particular, this press release may contain forward looking statements
pertaining to the following:




--  the performance characteristics of Invicta's oil and natural gas
    properties; 
--  oil and natural gas production levels; 
--  capital expenditure programs; 
--  the quantity of Invicta's oil and natural gas reserves and anticipated
    future cash flows from such reserves; 
--  projections of commodity prices and costs; 
--  supply and demand for oil and natural gas; 
--  expectations regarding the ability to raise capital and to continually
    add to reserves through acquisitions and development; and 
--  treatment under governmental regulatory regimes. 



Invicta's actual results could differ materially from those anticipated in the
forward looking statements contained throughout this press release as a result
of the material risk factors set forth below, and elsewhere in this press
release:




--  volatility in market prices for oil and natural gas; 
--  liabilities inherent in oil and natural gas operations; 
--  uncertainties associated with estimating oil and natural gas reserves; 
--  competition for, among other things, capital, acquisitions of reserves,
    undeveloped lands and skilled personnel; 
--  incorrect assessments of the value of acquisitions and exploration and
    development programs; 
--  geological, technical, drilling and processing problems; 
--  fluctuations in foreign exchange or interest rates and stock market
    volatility; 
--  failure to realize the anticipated benefits of acquisitions; 
--  general business and market conditions; and 
--  changes in income tax laws or changes in tax laws and incentive programs
    relating to the oil and gas industry. 



These factors should not be construed as exhaustive. Unless required by law,
Invicta does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future
events or otherwise.


Barrels of oil equivalent (boe) may be misleading, particularly if used in
isolation. A boe conversion ratio of six thousand cubic feet (mcf) of natural
gas to one barrel (bbl) of oil is based on an energy conversion method primarily
applicable at the burner tip and is not intended to represent a value
equivalency at the wellhead. All boe conversions in this press release are
derived by converting natural gas to oil in the ratio of six thousand cubic feet
of natural gas to one barrel of oil. Certain financial amounts are presented on
a per boe basis, such measurements may not be consistent with those used by
other companies.