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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 by User

Post by Iching64on May 24, 2013 12:55pm
174 Views
Post# 21441806

cash flow spreadsheet q4/12 q3/12

cash flow spreadsheet q4/12 q3/12

I was looking at the cash flow spreadsheet and noticed that there is a $212 million  entry for q4/12, and a $132 million entry for q3/12  on the line for "purchase of plant, property and equipment".

There  were no expenditures for "plant , property and equipment" for all of q2/12, q1/12 or q4/11.

Can anyone update me, item by item,  on  what this money was spent  ?

Was this money well spent ?  If so, then it looks like we take a hit now, for future growth.

 

 

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