HOUSTON, Dec. 2, 2016 /CNW/ – Hunter Oil Corp. (TSX-V: HOC; OTCQX: HOILF) (the “Company“) at the request of the Investment Industry Regulatory Organization of Canada (“IIROC”), in response to the increase in the Company’s share price in today’s trading session, the Company confirms that it is not aware of any undisclosed material change to the Company’s business or operations and has no material change to report at this time.
About Hunter Oil Corp.
Hunter Oil Corp. owns and operates two large historic Permian Basin oil fields in New Mexico, the Milnesand and Chaveroo oil fields. Recorded production of these two fields is approximately 37 million barrels, representing less than 10% recovery of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.