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Tuesday, August 9, 2022

Are Investors Resistant for Curry Gold Corp. (OTCBB:VOIL) at Current Price Levels?

VOIL aka Curry Gold Corp. (OTCBB:VOIL) continues to trade strong over $1. this one hit the bb’s in June of this year at around $0.75 per share and quickly moved up from there. VOIL had been dormant for several months after the name change from Curry Gold Corp. to Virtus Oil and Gas Corp. in August of 2013.

Curry Gold Corp. (OTCBB:VOIL) quickly moved over the $1 mark hitting an intermediate high of $1.75 in the beginning of August before dropping off some. Since then VOIL has gone on an upwards tear on massive volume easily becoming one of the top most traded stocks on the entire BB.

Now known as Virtus Oil and Gas Corp. (OTCBB:VOIL) there seems to be a multi-million dollar stock promotion from YXIME Partners Ltd. The promotional material is over the top with the Moskovitz landing page report touting ‘Virtus Oil & Gas VOIL may have just beat a group of Industry Titans to the punch on what could prove to be a Major U.S. Oil-Find – Parowan Project, Utah! translation, buy Virtus Oil & Gas VOIL. Now up to $2.00 at a confirmed low end resource estimate of 266 million barrels. VOIL holds a potential resource value of $44.05 per share in Recoverable Oil! and that’s using just 10% of the low-end¨

$44.05 per share is ridiculous and this stock will never see anywhere near that however the promotional material seems to be working perfectly as VOIL recently exploded over the $2 mark driving up the Company’s market valuation close to the $100 million mark.

The stock continues to be a serious powerhouse as VOIL averages $2 to $5 million traded per day. Somebody is cashing in big time.

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VOIL is a Houston-based oil and gas exploration and production company currently focused on the Parowan Project, a 55,477 acre prospect targeting the Central Utah Thrust Belt. The prospect is situated near recent Utah discoveries, including Wolverine Gas and Oil’s Covenant Oil Field, which is consistent with Virtus’ strategy to acquire and develop oil and gas resources in proven, onshore basins in the United States.

On September 2 VOIL announced that its recently purchased 47 miles of 2D seismic data in the Parowan Project has been received and is currently being reprocessed with advanced processing software.

Dr. Robert (Bob) Benson, Exploration Director of VOIL, comments: “The seismic data quality is excellent, and reprocessing has already yielded a much superior product than was previously available. In particular, by applying Prestack Time Migration, we have been able to increase the resolution of the data while also improving the imaging of the prospects.

“While the reprocessing of the seismic data is being finalized, interpretation utilizing the preliminary products has confirmed several potential prospect locations. This new data consists of three seismic lines that provide a much clearer image of the structurally complex geology of the area. Once the final processed seismic data is received, a revised interpretation will be completed. This will allow us to determine the need for additional seismic data in the area.”

We have become aware that VOIL management and principals have ties to previous promotions of UFSM, ASUV, GFOX and LSTG one would think they would know better than to make absolutely preposterous predictions like $44.05 per share which would take VOIL to a $2 billion plus market valuation.

VOIL has been on fire over the past few weeks and continues to be one of the top traded stocks on the entire OTCBB. As the stock moves over the $2 mark and the market valuation swells close to $100 million current shareholders must be feeling a bit uneasy knowing the Company has no revenues to date and has little to minimum assets. According to the 10q from July 5 VOIL has $632 in the treasury compared to $486 the year before. While the Company has $0 revenues to date they burned over $500,000 in the last quarter alone.

As far as what VOIL will do short term it’s hard to say. Although it continues to trade massive volume its traded erratically from the start and continues to surprise at every turn especially the last massive surge over $2 per share with dollar volume topping the $5 million mark on some trading days.

Short term VOIL could easily continue way higher especially if YXIME Partners keep the promo dollars flowing. Long term VOIL seems doomed to a possible massive downward drop followed by the liquidity drying up and ending with a long line of broken dreams and empty pockets.

VOIL might not end well it could get ugly.

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Disclosure: we hold no position in VOIL either long or short and we have not been compensated for this article.

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