Virtus Oil and Gas Corp. (fka VOIL)

[joepcf]

This was posted earlier but I think is very telling. This appears to be the deal our management group was going to do with American Patriot but the management group nixed the deal.

"The acquisition is a game changer for the group as it includes approximately 23 wellbores, a 25 mile pipeline and 90 barrels of oil equivalent per day (boepd) of existing conventional production with the ability to grow production to over 800 boepd by mid-2017. It is also significant that minimal capital expenditure will be required in restarting production."

Why would they focus their efforts on a new company if they were not going to move these assets in. When that happens you are talking about a revenue producing company right out of the gate with plenty of room for growth. With that said .05 sure seems cheap now.......