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Hillcrest Petroleum Ltd. is focused on adding, creating and increasing value through the acquisition, development and production of conventional oil and gas assets in the United States and Canada. The Company’s business plan in any acquisition or asset development is to be the operator of the asset or to hold a majority working interest where available.

A message from the CEO, Don Currie, to interested investors:
  "Hillcrest is focused on low cost conventional production of oil and gas in established basins.  Assets being considered or acquired all have the ability to produce oil below $20 a barrel meaning profit at the wellhead even in the current commodity price environment.  Hillcrest is also focused on adding value to assets through exploiting additional zones in existing well bores where available.  Additional cash flow created through additional production would then be focused on development of new wells on acreage owned."  

HILLCREST PETROLEUM


Hillcrest Petroleum Ltd., headquartered in Houston, Texas, is a publicly traded independent oil and gas production company.  Upon formal closing of the recently announced joint venture with a private Alberta company.  Hillcrest will add production of oil and gas from the Western Canada assets included in the joint venture. Hillcrest currently owns production acreage in Newton County, Texas which the company will be looking to explore and develop in Q1 and Q2 of 2018. 




OPERATIONS

CANADIAN ASSETS
 



East Central Alberta

- 2 wells, ~ 1100m well depth
- Conventional reservoir, 27% porosity
 - Light oil, attracts Edmonton light pricing
 - 3 additional development locations already defined with 3D seismic 
 - Artificial lift, separators, storage tanks already in place
 - Existing wells require quality/safety inspection, followed by modest facility upgrades and production re-start 
 - Short distance flow-line to adjacent facility will decrease ongoing operating expense (trucking) and extend field life

A Hillcrest subsidiary will earn a 75% working interest (WI) and become the designated operator for the asset by providing the capital required to re-start production. The earned WI will revert to 50% upon project payout

Expected Initial Oil Production  125 bbl/d




 

Western Saskatchewan

- 4 SI producing oil wells, 1 suspended well, 1 water injector  ~ 800m well depth
- Multiple conventional reservoirs, >20% porosity
- Behind pipe re-completion potential
- Heavy oil (12 to 16 API), WCS pricing
- 5 additional development locations defined based on subsurface mapping, may consider 3D seismic prior to drilling
- Artificial lift, separators, storage tanks already in place
- Existing wells require quality/safety inspection, followed by modest facility upgrades and production re-start 
- Potential to reduce operating expense, increase production and extend field life by optimizing the production system

A Hillcrest subsidiary will earn a 75% working interest (WI) and become the designated operator for the asset by providing the capital required to re-start production. The earned WI will revert to 50% upon project payout.

Expected Initial Oil Production  200 bbl/d to 350 bbl/d




USA ASSETS



Hartburg Texas
  • - Undrilled lease in highly prospective area
- Extensively mapped down-to-the basin fault provides dip closure for prospect, strike closure provided by fault relays or splay faults off of main fault line
- Multiple potential horizons, well depth < 8000’
- Mean resource case for oil reservoirs is 131 Mbbls per well
- Mean resource case for gas reservoirs is 1.3 bcf per well
- 3D seismic available in the area, to be used to define drilling location

A Hillcrest subsidiary owns an 85% working interest (WI) and is the designated operator for the asset. 


MANAGEMENT



Michael Krzus, LinkedIn
Executive Chairman: 
Former CEO and Director of NYSE listed Oil company with over 30 years oil & gas experience including senior technical and executive management positions with both large international and small listed oil and gas companies

Donald  J. Currie, LinkedIn
Chief Executive Officer:
 Held the offices of CEO & Chairman commencing February 2010; over 20 years experience in finance, development & operation of various North American resource properties.

Jason P. Oden,
Chief Operating Officer
: Over 25 years of technical and management experience worldwide in exploration, appraisal, development and production operations. 

Sean C. McGrath, LinkedIn
Chief Financial Officer: Over 18 years of accounting/finance experience with publicly traded petroleum and mineral resource companies.  

David Stone, 
Director (Independent):
Professional engineer with 30+ years in mining evaluating projects; holds Bachelor of Applied Science from the University of British Columbia, Ph.D. in Civil Engineering from Queens University & Executive Masters of Business Administration from Queens University.


Tom Milne,
Director (Independent): 
Senior financial executive with extensive international experience in energy E&P, pipelines, oil sands & communication technology; served as Director of both public & private companies including Chairman of Audit Committee for AMEX-listed oil sands company.

L. Edward Parker, 
Director (Independent):
 45+ years of oil and gas industry experience in executive and director positions with companies including El Paso Corp., Burlington Northern and Burlington Resources, where he held executive positions in finance, mergers and acquisitions, strategy and planning.

CORPORATE INFORMATION

Exchange & Symbol:  TSX-V: HRH:CA
Issued & Outstanding:  68,995,655
Fully Diluted:  88,808,155
Auditor:  PricewaterhouseCoopers LLP


Financials: HRH:CA
Stock Chart: HRH:CA



INTERESTED INVESTOR INFORMATION:
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Mr. Michael Krzus brings over 30 years of oil and gas industry experience, including senior executive management and director positions. His experience includes managing and overseeing technical and business aspects of various conventional and unconventional oil and gas assets and liquified natural gas (LNG) projects in the United States, Australia, the Netherlands and Canada, including roles as CEO and Director of operating oil and gas companies. Mr. Krzus was a director and the founding CEO of Emerald Oil Inc., a New York Stock Exchange listed; operating oil company focused on the Williston Basin, Bakken shale oil play in the USA. Mr. Krzus was CEO and Managing Director of Emerald Oil and Gas NL, an oil and gas company listed on the Australian Stock Exchange. Prior to this, Mr. Krzus enjoyed a 22-year career at Woodside Petroleum Ltd. where he held various managerial and executive positions. Mr. Krzus holds a Diploma in Oil and Gas Technology from the British Columbia Institute of Technology and a BSc. in Petroleum Engineering from Tulsa University.
Mr. Donald Currie has been the Chairman and CEO of the Company since February 10, 2010, and a director since July 10, 2010. Mr. Currie has over 22 years of experience in the oil and gas industry with a focus primarily in the southern United States. From 1994 to late 2014, Mr. Currie held various positions with Enhanced Oil Resources Inc., an oil and gas exploration and production company, including director, officer and VP corporate communications. Mr. Currie has also held various roles in other public ventures involved in the mining industry in South America.
Mr. David Stone has been a Director of the Company since July 18, 2007. Mr. Stone is also the President of Minefill Services Inc. and has been since August 1999. Mr. Stone is an engineer with over 30 years of experience in the mining industry evaluating projects for mining companies. Mr. Stone has been a director of Boss Power Corp. since September 2007, a director of Southern Arc Minerals since July 2008, a director of Superior Mining International Corp. since May 2009 and a director of Electric Metals Inc. since May 2010. Mr. Stone served as Director and CEO of Adanac Molybdenum Corporation from 2006 to 2008. Mr. Stone is a registered licensed professional engineer in several U.S. and Canadian jurisdictions and holds a Bachelor of Applied Science from the University of British Columbia, a Ph.D. in Civil Engineering from Queens University, and an Executive Masters of Business Administration from Queens University.
Mr. Tomas (Tom) Milne is a senior financial management executive with extensive international experience in energy E&P, pipelines, oilsands and communication technology. Career roles include: Chief Financial Officer, Treasurer, Investment Banker, Senior Partner (CA firm) and Foreign Exchange Trader. He has been a Director of both public and private companies including Chairman of the Audit Committee for an AMEX-listed oilsands company. He is currently Chairman and Director of Precise Details Inc (a family owned company) and also a Director of Canshale Corp (a private company).
Mr. Lewis Edward (Ed) Parker of Houston, Texas has been a Director of the Company since August 27, 2015. Mr. Parker brings over 45 years of oil and gas experience in executive and director positions with companies including El Paso Corp., Burlington Northern and Burlington Resources, where he held executive positions in finance, mergers and acquisitions, strategy and planning.
Ms. Susan Weber has over thirty years of land management and contract negotiations experience in domestic and international oil and gas exploration and development. She holds a Bachelor of Business Administration degree in Finance from Texas A&M University. Since 2008, Ms. Weber served as Vice President, Land for Gulfsands Petroleum USA, Inc., handling a variety of petroleum land management functions as well as risk management and acquisitions and divestitures. She joined the company in 2005 as Land Manager with the primary role of managing land administration and contract negotiations related to the company’s Gulf of Mexico (GOM) and onshore Gulf Coast assets. From 1996 until 2004, Ms. Weber progressed through a number of staff and management roles with TransAtlantic Petroleum and El Paso Production Company, primarily involved in oil and gas exploration and development of assets in the GOM while also gaining experience in the domestic onshore and international arenas.
Mr. Lewis Parker is a retired businessman and has served as Director of Enhanced Oil Resources Inc. since February 2007. Mr. Parker has over 35 years of experience in the oil and gas industry and holds a Bachelor of Arts in Chemistry and a Masters of Business Administration, both from the University of Dallas.