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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 ofirmeon Aug 29, 2014 3:34pm
221 Views
Post# 22891165

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

RE:RE:RE:RE:RE:RE:RE:The "Nothing is New" news is outI did miss it. so the damage was done... they are now at about $113M. it seems like they are on
 the banks' list of loans to pay attention to. I would not be surprised if a consultant would be 
 put in the company as well, in order to make sure everything gets their approval. 
It is not the end of the world. I work at a company that went through that. they will be probably 
 forced to reduce unneeded fat. 
The next step is to show stabilized production in order to come up with a financial transaction 
 which would allow them to operate. share price takes away dillution as an option. 
 joint venture or farm out requires a track record and that is what time is giving them. 
Good luck to the company and us, its shareholders.
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