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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 > Year end report is up
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Comment by splurgeon Mar 19, 2013 9:25am
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Post# 21149196

RE: RE:RE: RE: RE: RE: Year end report is up

RE: RE:RE: RE: RE: RE: Year end report is up

Not a bad report although what is current production and how much is waterflood at also would be nice. Lots of locations now but they should talk more about each watwrflood program. Last months cashflow was bang on my target although I had higher production so my model is a little whacky.  Wish the share price was back up there and if so they would be doing a deal with Lone Pine probably. Down at these levels would be difficult to justify. My hope is that Q1 production will stay above 5100 b/d from all this drilling and carry over a bit into q2 before declining. Hope also for a short spring thaw would be extremely important this year after last and given the sensitivity this year. This will all come down to what valuation we will apply to q4 annualized cashflow per share. Between 2 and 6 times.... Pick a number.

 

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