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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 "Nothing is New" news is out
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Comment by tulsateaon Aug 27, 2014 6:36pm
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Post# 22884161

RE:The "Nothing is New" news is out

RE:The "Nothing is New" news is out
Not bad--The Company averaged 2,070 boed for Q2, 2014. Based on field estimates, current production capability is 2,000 boed. Pinecrest is encouraged that we have been able to maintain a relatively flat production profile throughout the first half of 2014 with minimal capital being spent on production optimization and maintenance. The Company continues to maintain voidage and monitor the performance of its seven operated waterflood schemes. Early production gains followed by setbacks on certain waterfloods are being addressed. The Company will undertake remedial action as required.
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