VIRGINIA HILLS OIL CORP VFGGF

RE: RE: RE:RE: RE: RE: bonjovi

[splurge]

I am right behind you. I suppose they need to provide guidance for 2013 year end. Given all that has transpired we need some confidence they plan to grow production from 5200 b/d in Q1 within a reasonable budget to a reasonable level by year end. It does not have to be huge growth as expectations are low. It just needs to be economical. The water floods and the timing needs to be laid out clearly for 2013 for us also which will be an important part of this economical and affordable growth. Also since a lot of their reserves are in the mp3 category they need to convince us that overall reserves will grow along with a relatively rapid shift from mp3 to mp3 with the water flood programs. I was totally wrong on this one since I bought in at $1.80 expecting the deal to go ahead.

Now i think the sell off is almost done and a new shareholder base is emerging with those who will have lower expectations. I believe the high netbacks and commencement of water floods will offset the higher decline rate in 2013. Hopefully this rate of decline should be lower for the following years.

cheers