VIRGINIA HILLS OIL CORP VFGGF

2nd Qtr. Earnings Good V/S Bad

[bargnhillbilly]

The Good. What we all want to happen. Well news is good. BOED is increasing and water flood well results were better than expected and the company, Debt was reduced dramatically and company begins drilling again. We could see .20 - .26 again. ******************************** The Bad. Poor results from wells. No drilling, debt still too high and wondering how the bills will be paid. My question? Would a reverse split then be on the table? I think the ONLY reason the R/S hasn't happened before now is insiders last bought in the low .60's and the dilution would wipe them out. It's NOT for looking out for shareholders but for the sake of their (a)r)(s)(e)(s) My opinion here is not important BUT what happens this Qtr. is. If earnings do come out the 27th it would be in our interest to think about both scenarios. GLTA