VIRGINIA HILLS OIL CORP VFGGF

Whats Up??

[bonjovi501]

Bottom line is too much debt and wells declining. Who would want us?? Tough call and I will go down with the ship.

[ofirme]

If  the main waterflooding is only 6 month old and stable or growing, the legacy verticals are stable  and there is minimal decline on the 54 horizentals that are not waterflooded yet, what is the   value of 1950bbl/day net oil plus lands with 100 sections with economic viability? Deduct $120M of debt of that. I would guess way more than $140M current enterprise value, but what

[Fullblast]

Ofirme, my guess is if they can stabilise or even increase production marginally, while decreasing debt, I suspect the market will react favorably. Q2 results will be interesting.

[ofirme]

The pitfall of public markets is that usually assume that you can assume about the future by  looking at the past. the past here is not very inspiring... , but I think you are right. More important than everything else - if the company can make a point that their 100 sections   are capable of generating a 2 - 3 year (top) full return of NPV10 of its all in cost, there will be