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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 > Lone Pine Y/E: PRY Water-flood implications
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Comment by bankerboy28on Mar 15, 2013 10:49pm
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Post# 21138711

RE: Lone Pine Y/E: PRY Water-flood implications

RE: Lone Pine Y/E: PRY Water-flood implications

I listened to the conference call too and what stood out is LPR has a primary recovery of 10-12%...the waterflooding added up to 8-10% recovery on top of the primary...now that is  important and the CEO commented on the benefits of waterflooding and sees significant economic impact....I think Pinecrest will comment on the same strategy and the very positive impact it will have on our results...we already have a very clean balance sheet and the highest netbacks in the industry...looks positive to me...BB28

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