VIRGINIA HILLS OIL CORP VFGGF

Pinecrest Is "Optimistic Company's Large Drilling Inventory"

[thedave2005]

...While further production monitoring and additional time is required to fully substantiate the early and encouraging remedial treatments, the Company is cautiously optimistic that the results and learnings can be applied to the Company's large drilling inventory with improved capital efficiencies.

In addition to remediation treatments, Pinecrest is looking at more cost effective and potentially improved initial completion techniques to be undertaken when our drilling program resumes.  With lower capital costs for new wells, and improvement in production, Pinecrest believes positive steps are being taken to unlock the large oil resource in the Greater Red Earth area.

Thedave on Pinecrest energy @.11 Only$..