VANCOUVER, B.C. - TheNewswire - July 13, 2020 - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), is pleased to announce that will make an application to the TSX Venture Exchange (the "Exchange") for approval of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 24,166,466 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by [Read more]

May 28, 2020 - TheNewswire - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), has secured exclusive rights under a Memorandum of Intent to market and deploy US patented technology in the European Union. The Technology has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced an exclusive arrangement to market licenses for this patented [Read more]

May 25, 2020 - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) is pleased to announce production from the Saskatchewan based West Hazel assets re-commenced on May 19th, 2 weeks earlier than originally anticipated. The Company originally intended to re-start production in June, subject to economic oil pricing. The realized price for West Hazel oil is now at profitable levels and the Company has taken the opportunity to sell oil inventory stored on [Read more]

VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) Further to our news release of July 5, 2019 and September 10th 2019, the Company is pleased to provide an update on its operations at West Hazel. We are pleased to report 6 full months of production after all 4 wells were brought back on production at the West Hazel property. In early July 2019 total fluid production (oil and water) was over 4,500 barrels per day, with oil cut estimated at 1.5% to [Read more]

VANCOUVER, B.C. - TheNewswire - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest") - Further to our recent news release of January 31, 2020, the Company is pleased to provide an update on its operational improvement initiative to increase operational reliability and reduce operating costs by connecting its West Hazel production operations to the Saskatchewan power grid. The process will significantly reduce operating costs and eliminate greenhouse gas emissions from [Read more]

The PetroLMI Division of Energy Safety Canada (PetroLMI) released a report, Going Beyond: Supporting Indigenous Employment in Canada’s Energy Industry Through a Pandemic and Economic Challenges. It examines the impact COVID-19 has had on Indigenous employment; representation of Indigenous Peoples in Canada’s oil and gas industry; and the opportunities to attract Indigenous workers, address skill gaps and support entrepreneurship. The report was funded by the Government of Canada’s Sectoral [Read more]

VANCOUVER, B.C. - January 6, 2020 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) is pleased to announce that, effective January 1, 2020, Aaron Triplett was appointed as its new Chief Financial Officer and Corporate Secretary. Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated experience in the field of financial management and accounting, specializing in forecasting, compliance and risk management, and the development and [Read more]

Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) ("Hillcrest" or the "Company") announces that it proposes, subject to the acceptance of the TSX Venture Exchange, to undertake a private placement to raise up to $600,000 (the "Offering") by the issuance of up to 20,000,000 units (the "Unit") at a price of $0.03 per Unit pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange (the "Exchange"). The units will be comprised of one common share [Read more]

Rocky Mountain GTL Inc. (the "Corporation") is pleased to announce that it has secured a $15 Million Term Loan with Roynat Capital (a division of Scotiabank) and awards Midwest Construction Group Inc. as general contractor of the Corporation's Enhanced GTL(R) (EGTL(TM)) plant 60 kilometers east of Calgary, near Carseland, Alberta. Rocky Mountain GTL has licensed the industry leading Direct Fuel Production(TM) technology, from Greyrock Energy Inc. ("Greyrock"), that transforms low value, [Read more]

VANCOUVER, B.C. - TheNewswire - July 5, 2019 - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest") - As previously announced the upgraded West Hazel production facilities were commissioned in January, with initial production from two wells commencing concurrently. A third well was brought online in March, followed by the fourth well in early June. Resulting oil sales have delivered positive operating cash flow to the Company for the first time in over two years, with [Read more]