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]
Hillcrest announces early warrant exercise incentive program
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]
Hillcrest Partnership secures exclusivity to deploy US patented technology for electrical generation applications in the european union
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]
Hillcrest re-starts oil production early
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]
Hillcrest West Hazel Production Update
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]
Hillcrest Electrifies West Hazel Oil Production Operations
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]
PetroLMI report highlights opportunities to support Indigenous employment post-pandemic in Canada’s energy industry
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]
Hillcrest Announces New CFO
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 Announces Unit Private Placement
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]
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