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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 > The News Is Out
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Comment by bargnhillbillyon Apr 09, 2014 10:46pm
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Post# 22433299

RE:RE:The News Is Out

RE:RE:The News Is OutYeah, I wonder how the market will react also.
A couple things tho.
Pinecrest is not going broke but merely taking a breather and paying down debt while they evaluate.
They haven't turned the corner but seem to be in the middle of it.
They could have gone Willy Nilly full speed ahead on the waterflooding and got too deep in debt to come out of it.

I know this company is worth more than its current price and this release does add some credibility to managements hold and evalute strategy.
 So tomorrow I guess we see what the price of being put on hold looks like.
GLTA
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