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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 bargnhillbillyon Aug 28, 2014 7:22pm
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Post# 22888054

RE:RE:RE:RE:RE:RE:The "Nothing is New" news is out

RE:RE:RE:RE:RE:RE:The "Nothing is New" news is out
They are NOT drilling. They are not giving us any vision or news. The price is not going to hold up either. They have sat on that drill bit long enough. If that drill bit aint turnin we aint makin money! Best thing in the news was a slight gain in boed on water flood wells but not enough to make much difference. A good well will produce enough for the company to get its money back in about 14 months but not these wells. I would like to see a sheet on how long it would take to get their money back on a hundred boed well. Probably more like 3 or 4 years. That's not good for keeping a good credit line either. Basher? No, just disappointed and concerned. and rightfully so....
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