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VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."


GREY:VFGGF - Post by User

Comment by splurgeon May 15, 2013 11:31am
56 Views
Post# 21394698

RE: RE: RE: TD raises takeover specter - Buy Recom

RE: RE: RE: TD raises takeover specter - Buy Recom

Despite trucking, they should be able to continue to inject water through breakup, unless the weather gets very nasty. About three wells were tied in after first quarter end which may help Q2 numbers a wee bit. Decline in Q2 production should follow the same pattern and magnitude as last year which I believe was 12%. Not so bad as debt will come down and netbacks should be a little better without any workovers of a few wells which occurred in Q1. Too late to sell and I probably should buy more and close my eyes.

cheers

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