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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

"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 Discussion

VIRGINIA HILLS OIL CORP > Best Deal ever in PETRO Space Juniors
View:
Post by BuyUrShares on Oct 10, 2013 1:38pm

Best Deal ever in PETRO Space Juniors

..

Best Deal ever in the Jr PETRO Space 

STATOIL World 12 Largest Oil Co is Willing to Spend up to $170 Million Dollars on PFC.v   J/V in next few weeks. Plans for first 5 wells being planned . Implied Value of Deal is $0.67 per share or 320% Higher Just on recent Land value alone. PFC is Trading Near Cash...The first $50 Million of Drilling is GUARANTEED...and is going for FREE ! Where can you get such a deal...No Where.

PFC.v $0.16 (Market Cap $12M...w$10M Cash) is going to Have STATOIL Drill up to 5 Wells $50 Million Dollars on PFC's 14 Million Acres Properties. DEal could extend to $170 Million Drilling 16 Weels into 2017

RE:Implied Value of Todays Confirmed Deal $0.67 per share

Presentation:

https://www.petrofrontier.com/en/presentations/pfc_agm_sept_26_2013_presentation_handouts.pdf?PHPSESSID=q6hgkvrqa8edv9im60mns8pq05

STATOIL Deal Values PFC @ $0.67 per share 320% Higher than the rediculous market Valuation provided in this October Marketplace



 
Comment by sellthefarm on Oct 10, 2013 3:30pm
Big deal.  There's no commercial oil there so it means $0 to PFC shareholders.  Look at its sister company ROZ.  Both PFC and ROZ have gone from pipe dreams of fortune in Auz to worthless penny stocks.  Good luck!
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