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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 by User

VIRGINIA HILLS OIL CORP
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Post by Iching64on Nov 30, 2012 1:05am
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Post# 20664398

projected flat production for 2013

projected flat production for 2013

I find it interesting that the merged company of PRY and STO is projecting flat production for 2013, of about 9300 BPD.

With all the new wells they are drilling, and the waterflooding, either there will be a very high decline rate per well, or, PRY is intentionally underestimating the production numbers.

Any opinions on the flat production for 2013 ?

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