VIRGINIA HILLS OIL CORP VFGGF

RE:RE:RE:RE:RE:This stock won't move

[ofirme]

You need to define how bad the assets are. if they just pay themselves, you are talking about a
 return higher than $0.5 per share + debt ($130M + 0.5 * 217M SHARES = ~$240M).
Even a not so great area (such as the mississippian in oklahoma for example - sandridge) can 
 generate decent returns if you have decent infrastructure + low enough of a well cost.
In the case of this company, the current cost is $3.4M (legacy was $5.4M) and infrastructure is 
 close and no royalties until full payback. if you get a less than normal curve, you should be able to
 get a full return at NPV10 in less than 4 years (worst case scenario - but includes a waterflooding
 at year two which is not highly responsive).
Put the data I gave you in a spreadsheet and do the math. if it were to work as expected and 
 promised by management (which is not highly likely to happen, but still possible), the enterprise
 value would have been close to $800M by now or more.