BOE Report

Galileo Exploration announces closing of shares for debt transaction

VANCOUVER, British Columbia - Galileo Exploration Ltd. (the "Company" or "Galileo") (TSXV:GXL) is pleased to announce that it has closed its shares for debt transaction, previously announced on August 13, 2020 (the "Transaction"). Pursuant to the Transaction, an aggregate of $524,665.28 of the Company's outstanding debts were settled through the issuance of 10,493,306 common shares in the capital of the Company ("Shares") at a deemed price of $0.05 per Share. The creditors included certain [Read more]

Hillcrest Shareholder Update

September 10, 2020 - TheNewswire - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to provide the following update to our shareholders covering numerous company initiatives and financial results. ALSET Innovation (ALSET) Hillcrest received conditional approval from the TSX.V, for the previously announced ALSET licensing agreement, pursuant to which Hillcrest was granted a license over the ALSET technology by Oropass Ltd., during the [Read more]

Hillcrest to Delist from the TSXV and Apply for Listing on the CSE

September 8, 2020 - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), announces that the Company anticipates applying to the TSX Venture Exchange (the "TSXV") to delist its common shares (the "Shares"), and that the Company intends to apply to list its Shares on the Canadian Securities Exchange (the "CSE"). The Company believes listing the Shares on the CSE will deliver additional value to the shareholders as a result of the Company being subject [Read more]

Hillcrest Acquires 100% Working Interest in West Hazel

August 6, 2020 - TheNewswire - VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest"), (TSXV:HRH), (OTC:HLRTF), is pleased to announce the Company has signed a term sheet with a New York based firm for a CDN $5,000,000 convertible loan. Hillcrest announced July 14th that The Company was evaluating a funding proposal which would allow it to potentially access up to $5 million for West Hazel field development activities and the funding was conditional on Hillcrest purchasing the [Read more]

Hillcrest announces oversubscribed private placement & warrant incentive program results

August 4, 2020 - VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest"), (TSXV:HRH), (OTC:HLRTF) is pleased to announce the non-brokered private placement of up 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the "Offering") has been oversubscribed resulting in 20,442,000 units being purchased for a total of $1,022,100.00. Each Unit consists of one common share (a "Share") and one-half of a share purchase [Read more]

Closing Date for Energy Technology Licensing Agreement Extended to August 10, 2020

VANCOUVER, B.C. - TheNewswire - July 31, 2020 - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), updates our shareholders that both parties involved in the Licensing agreement of US Patented, electrical generation technology, have agreed to extend the closing date from August 1st to August 10th, 2020. The parties do not anticipate the need for further extensions. Upon the agreements being signed, the parties will schedule meetings with various parties who have [Read more]

Hillcrest acquires 100% working interest in West Hazel

July 30, 2020 - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce it will increase its working interest percentage in the West Hazel field to 100% by acquiring the remaining working interest its Joint Venture Partner. The agreement in principle is effective July 29th and is subject to approval by the TSX Venture Exchange. Hillcrest is acquiring the joint venture partner's interest in exchange for three million (3,000,000) [Read more]

Hillcrest announces private placement and grant of options

VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) announces a non-brokered private placement of up 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for a gross proceeds of up to $1,000,000 (the "Offering"). Each unit consists of one common share (a "Share") and one-half of a share purchase warrant (the "Warrant"). Each whole Warrant will be exercisable into an additional common share of the Company at a price of $0.07 per share for a [Read more]

Hillcrest Announces conditional approval of early warrant exercise incentive program

Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by warrant-holders, previously announced in a [Read more]

Hillcrest oil production update

Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to update our shareholders on developments at our West Hazel asset. Oil production re-commenced at West Hazel, after a brief shut in period in April/May due to low oil prices related to COVID's effect on worldwide oil demand. Daily production rates are stabilizing and still below those when production operations were suspended, but field operations are profitable with current oil prices [Read more]