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Coeur Commences Drilling at Silver North's Tim Project (click to learn more)
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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

Energy Oil & Gas E&P
"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 Discussion

VIRGINIA HILLS OIL CORP > Puzzled
View:
Post by spastic121 on Jan 27, 2014 12:41pm

Puzzled

I am puzzled as to why Lone Pine, PennWest and Harvest continue to drill and make a go of it in this area while Pinecest seems to be giving us failure after failure. Anyone know why this is?
Comment by ofirme on Jan 27, 2014 1:41pm
Lone Pine is not an example for anything. Pennwest and Harvest have a greater scale than   Pinecrest and probably have gone further through the learning curve than pinecrest and please  do not forget that profitibility is a function of cost. the first 50 wells of pinecrest were very   expensive (5.4M) and it takes a long time to recoup that investment. a more optimized ...more  
VIRGINIA HILLS OIL CORP
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