VIRGINIA HILLS OIL CORP VFGGF

RE:RE:RE:RE:RE:Cash Flow dropping like a rock

[terroir]

To be fair, the only sale I recall by management  was a couple of $100 thousand by the then VP Engineering, who left the company shortly after with a boatload of shares that he possibly sold when no longer an insider. No other insiders have sold any shares, no doubt they are all suffering as much or in many cases much more than regular shareholders.

Looks like the water breakthrough, if that is what it is, took them by surprise.  Only way to explain the insider buys. Even without the currently valueless options they own over 10%. 

Last year, when he turned sour on the stock, an analyst described the greater Red Earth as a "widow maker". Looks like. May be the whole carbonate play. Certainly no one shows success to date, and if the water floods fail, no one will.

Terr