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Virginia Hills Drilling 4 Light Oil Slave Point Wells
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Virginia Hills Oil Corp. has announced that it has filed on SEDAR its unaudited condensed consolidated financial statements and related Management's Discussion and Analysis for the three and six months period ended June 30, 2015.
Second Quarter 2015 Highlights Acquired approximately 1,485 boe per day (97% light oil and NGL's) and 134,500 net undeveloped acres solely focused in the Red Earth area of Northern Alberta through the capital reorganization of Pinecrest Energy Inc. on April 15, 2015; Closed the acquisition of a Red Earth focused private oil and gas Company on April 27, 2015 representing approximately 100 boe per day (85% light oil) and 24,000 net undeveloped acres, for total consideration of approximately $0.7 million plus the assumption of $11.5 million in debt; Raised an…- ✓ Full news archive — U.S., Canada & international coverage
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