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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 > Only way is up!
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Comment by tulsateaon Jun 08, 2013 7:32pm
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Post# 21502917

RE: RE: RE: RE: Only way is up!

RE: RE: RE: RE: Only way is up!

As is shown on slide 3 of the presentation below, the price of land in the Red Earth area has declined dranatically. Besides LPR, you have BOR and SGL also trying to sell land.  In addition you have a lot of land fifty miles northwest in the Hutch area which is prospective for Slave Point.

It appears that size matters in Red Earth.  It takes a lot of money and expertise and manpower to drill a lot of wells so that you have a large inventory of wells and can then do a waterflood.

As pinecrest has expertise in the Slave Point and cash flow, it would seem that there are some interesting opportunities in Red Earth for PRY that other companies could not take advantage of. 

https://www.macquarie.com/dafiles/Internet/mgl/com/macquarietristone/current-mandates/Border-Petroleum-Group/border_om.pdf

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