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Bullboard - Stock Discussion Forum 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 Discussion

VIRGINIA HILLS OIL CORP > Cold Weather and Waterflooding
View:
Post by nikehercules on Mar 05, 2014 11:25am

Cold Weather and Waterflooding

Gents:

We've seen record low temps in AB, would this have any affect on the waterflooding initiatives?

Is PRY still trucking their water or is it being brought in by shallow pipeline?

I'm not in PRY, but watching on the sidelines. I don't know enough about PRY at this point to dip my toes, and I see others around me that do who have been burned badly.

Prof - what are your charts saying now? You're in at 0.16, PRY has alot of debt and an unproven field - is it cut and run time? This is no Renegade Petroleum where the asset is proven but the management is not (pre takeover, that is). PRY reminds me of prisoner's dilemma.

Bonjovi - are you still in this? Is Wade even sober these days?
Comment by Yamahauler on Mar 05, 2014 12:47pm
Pinecrest's waterflood count is now eight, they drilled 3 more wells with 100 percent success and the company has applied for an additional four more for implementation in 2014. No one has said they are still trucking in water for flooding, plan was like you say, to bring in with shallow pipeline. That would def reduce costs...they have also brought down the cost of drilling each well by 2.3 ...more  
Comment by Prof_JD on Mar 05, 2014 1:33pm
Yamhauler (wcw) hows it going paying off that one arm massage parlour for massage session? ... too bad you shoot yourself on the foot everytime you mention 2.80$... looks like that's your bag position wcw.  next time try make it less obvious that you have multiple accounts rather than accusing others jd the prof
Comment by bubbleworld on Mar 05, 2014 1:58pm
I remember seeing in one of their reports or news releases that they stopped trucking water to reduce expenses.
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