VIRGINIA HILLS OIL CORP VFGGF

Pros and Cons Going Forward

[bargnhillbilly]

As far as price per share, I think the decline and bottom is in for the SHORT term. Leaving me with lots of questions. Yes the drilling team has made some advances in ramping up production from the waterflooding wells. but is it enough? Enough to attract a buyer? Enough to be Profitable? Enough that drilling will continue? Enough to keep the boed above 2,000 boed for the next qtr? How long does it take for Pinecrest to get their money returned from drilling with the latest break through from the drilling team?

[ofirme]

I had a conversation the other day with the CFO Dan. here are the conclusions I came to (from   things I learned from him and not from him): 1. The vertical wells they inherited as legacy with the land produce close to 500bbl/day. that is      from very old verticals that are still producing. at that age the decline is very low, if any. 2. They have 80 horizental wells. 26

[Fullblast]

Thank you for taking the time ofirme

[ofirme]

You are welcome. the fact that some mental case is taking the time to blast a board with negative   messages, does not mean all is lost.

[stockwrestler]

thx for the good report. i think M&A is our best course here this year; i'd bet on it if i was a gambler, LOLLLLLLLLLL GLTA

[bargnhillbilly]

Ofirme, Thanks for the reply and sharing your thoughts. I agree what happens the next qtr. will be crucial. Great posts. As always.

[bonjovi501]

Ofirme....looks good and I pray Wade has turned this around but we will not hear anything for a few months and if oil can hold these levels PRY could turn around. But if history has tought us anything don't hold your breath. Like I said many times I am going down with the ship or I will sail away to financial stability. Which will it be??