VIRGINIA HILLS OIL CORP VFGGF

Research Reports

[nlr2]

Going forwards in the next 3 quarters the critical thing is clearly the waterfloods. I'm an RBC guy so personally I get zero research coverage of Pinecrest. If people could post up what following companies that have access to geoscout say about the results that would be helpful to everyone. I know I would be very grateful and I'm sure other people would be as well.

[Iching64]

NLR2, if you go back a few months you will find postings on the last quarter where Canaccord had a report based upon Geoscout data. So go look at this Geoscout report - I summariazed much of it in postings at that time. If I remember correctly the basic theme was  that PRY was now a long term play as we wait for the waterfloods to slow the decline rates of the wells, increase production

[nlr2]

Ya I remember reading that, thanks for posting it. I just haven't seen any geoscout reports since then. The one graphic in the Q3 report makes it appear as if the waterfloods have halted declines but realistically this doesnt mean much as Evi 1 and 2 are the only floods that have been online for a relatively long period of time. So probably around Q1 or Q2 any report with geoscout info will be

[Iching64]

Hi NLR2, a good summary -  it all depends on the success of the waterfloods as the "primary well economics", as you say, are not that good. So far the waterfloods hav done quite well -  compared to what I read about  waterfloods in general. Waterfloods can take up to a year to get an initial response, PRY's took several weeks. The watercut can go as high as 95