Hillcrest Petroleum Ltd.

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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. Join our investor group to learn more.

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Hillcrest Petroleum Ltd.

lockPrivateGroup

Hillcrest Petroleum Ltd. is focused on adding, creating and increasing value through the acquisition, development and......

people64 Members       (0)

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8020 Admin

6 days ago

8020 Admin posted a press release First Milestone of 150 BOPD Achieved Since July at West Hazel in HILLCREST PETROLEUM LTD.

VANCOUVER, B.C. - TheNewswire - September 10th, 2019 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) - is pleased to announce that it has achieved the milestone of continuous oil production rates greater than 150 barrels of oil per day ("bopd") at West Hazel. Oil production and cut ratio have been increasing as projected and may increase further in coming months. Further to our news release of July 5, 2019, the Company is pleased to provide an update on its operations at West Hazel.


The oil cut has been increasing since the July 2019 well workovers, while total fluid produced from the four wells remains constant. Continuous oil production rates greater than 150 bopd have been recorded since the recent workover program completed, and this has resulted in an additional 70-80 bopd. The increasing oil production and oil to water ratio indicates that the reservoir could be moving back toward oil production rates recorded prior to its extended shut-in period that commenced back in 2015, when the wells were producing in excess of 200 bopd.


In early July 2019 total fluid production (inclusive of oil and water) had been over 4,500 barrels per day of which the oil cut was estimated at 1.5% to 2% of total fluid. While the total fluid volumes were as expected, oil cuts had yet to stabilize and return to the much higher historical rates experienced prior to field shut-in. Since July the oil cut has increased, and it is presently estimated at 2.5% to 3% of the total fluid produced. Production performance from heavy oil reservoirs such as those in West Hazel is difficult to predict after extended shut-in periods, with reservoirs typically taking some time to return to stable oil production levels.


"I am very pleased with the current production performance from the field, with increasing oil cuts, that validates original planning estimates supporting our decision to move forward with the project late last year." states Don Currie, CEO of Hillcrest Petroleum. "The revenue provides a monthly profit and will assist in creating a healthier balance sheet. Hillcrest is reviewing where production can increase on our Saskatchewan asset and is continuing to pursue further acquisitions with our financial partners. The company will continue to issue updates as developments occur"


ON BEHALF OF THE BOARD



Donald Currie


Chief Executive Officer and Director


For more information on Hillcrest Petroleum Ltd., contact Donald Currie toll free at 1-855-609-0006 or visit the Company's website at www.hillcrestpetroleum.com .


Cautionary Statement Regarding "Forward-Looking" Information


Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

!
Thumb hillcrest

HRHCommunity MGR

8 months ago

HRHCommunity MGR posted an update Hillcrest signs MOU with Xstate in HILLCREST PETROLEUM LTD.

As per the news release of yesterday Jan 28th, 2019.  Hillcrest Petroleum announced it has executed a Memorandum of Understanding (MOU) with Xstate Resources Limited, a publicly listed Australian oil and gas company, (XST-ASX) to jointly pursue oil and acquisitions in Canada and onshore USA. Hillcrest has identified and is currently reviewing producing oil and gas assets in the Western Canada Sedimentary Basins for the purpose of acquisition and development. Xstate has been participating in and is reviewing potential acquisition of various U.S. oil and gas projects.


Hillcrest is very excited about this MOU with Xstate Resources, and all the potential projects that may come as a result of this mutual MOU.


This is the link to the website of Xstate Resources for all Hillcrest Investor Group members to review: http://www.xstate.com.au/


!
Thumb capture

Don Currie posted an update in HILLCREST PETROLEUM LTD.

8 months ago

Further to today's press release, this video was shot at Proactive Investors this morning. We are excited about what the alliance means for Hillcrest and will be advising all as developments occur. Thank you all for you interest and support of Hillcrest Petroleum.

Thumb 8020 media relations

Media Relations posted an update in HILLCREST PETROLEUM LTD.

8 months ago

Hillcrest Petroleum Ltd. | CEO Don Currie | Oil & Gas Production Company

Thumb capture

Don Currie commented on Chris H  update in HILLCREST PETROLEUM LTD.

1 year ago

Is management of Hillcrest Petroleum even aware that a person who uses TD web-broker can't even buy HRH shares on the Internet ? The following message occurs: This order cannot be placed electronically. Please contact TD Direct Investing at 1-800-465-5463 or 416-982-7686 to place this order. [ 90211 ] Probably a glitch, but, it has been like this for weeks. Anyone know (or care) about this here or with management ?

Thumb photo

Chris H posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Is management of Hillcrest Petroleum even aware that a person who uses TD web-broker can't even buy HRH shares on the Internet ? The following message occurs: This order cannot be placed electronically. Please contact TD Direct Investing at 1-800-465-5463 or 416-982-7686 to place this order. [ 90211 ] Probably a glitch, but, it has been like this for weeks. Anyone know (or care) about this here or with management ?

Thumb year end 2017

Darren Stewart

1 year ago

Darren Stewart posted a press release Hillcrest Announces 1st Tranche Closing Of Unit Private Placement in HILLCREST PETROLEUM LTD.

Hillcrest Announces 1st Tranche Closing Of Unit Private Placement


VANCOUVER, B.C. / TheNewswire / February 27, 2018 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") announces that further to its news release of February 6, 2018, the Company has closed the first tranche of the non-brokered private placement of units of the Company (the "Units") at $0.05 per Unit (the "Offering").


The first tranche closing consisted of 8,792,000 Units, for gross proceeds of $439,600. Each Unit consisted of one common share in the capital of the Company (the "Shares") plus one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional Share at a price of $0.10 until February 27, 2020.


All securities issued in connection with this first tranche Offering will be subject to a statutory hold period ending on June 28, 2018 in accordance with applicable securities legislation. The net proceeds from the Offering will be used to advance the company's oil and gas projects in Alberta and Saskatchewan and for general working capital. There were no finder's fees paid on this 1st tranche closing. The balance of the Offering is expected to close on or before March 23, 2018.


For more information on Hillcrest Petroleum Ltd., contact Donald Currie toll free at 1-855-609-0006 or visit the Company's website at www.hillcrestpetroleum.com


ON BEHALF OF THE BOARD


Donald Currie
Chief Executive Officer and Director


Cautionary Statement Regarding "Forward-Looking" Information


Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

!
Thumb year end 2017

Darren Stewart posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Dear 8020 Community Member, in our effort to become the most trusted investor platform in the world, we have launched a new tool to help keep our community safe from social spammers, unsponsored advertising, or comments that could affect other investors in our community. As you can see below, we have added a flagging system. When a post is flagged three times by three different users, it is automatically removed and reviewed by 8020 Admin. Help us protect our community, by thanking people for helpful posts and flagging others for improper posts. Thank you. Darren Stewart, Founder and CEO, 8020 Connect

Thumb capture

Don Currie posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Good morning Darren. Hillcrest will joining you on ICO xConnect. We hope to have updates on the process we are undertaking soon.

Thumb year end 2017

Darren Stewart commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb capture

Don Currie commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb julien rancourt  medias

Julien Rancourt commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb capture

Don Currie commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb julien rancourt  medias

Julien Rancourt posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Hillcrest Petroleum Ltd.

lockPrivate Group

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. Join our investor group to learn more.

people64 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
  • Thumb capture
  • Thumb no photo
Request Membership


Hillcrest Petroleum Ltd.

lockPrivateGroup

Hillcrest Petroleum Ltd. is focused on adding, creating and increasing value through the acquisition, development and......

people64 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

6 days ago

8020 Admin posted a press release First Milestone of 150 BOPD Achieved Since July at West Hazel in HILLCREST PETROLEUM LTD.

VANCOUVER, B.C. - TheNewswire - September 10th, 2019 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) - is pleased to announce that it has achieved the milestone of continuous oil production rates greater than 150 barrels of oil per day ("bopd") at West Hazel. Oil production and cut ratio have been increasing as projected and may increase further in coming months. Further to our news release of July 5, 2019, the Company is pleased to provide an update on its operations at West Hazel.


The oil cut has been increasing since the July 2019 well workovers, while total fluid produced from the four wells remains constant. Continuous oil production rates greater than 150 bopd have been recorded since the recent workover program completed, and this has resulted in an additional 70-80 bopd. The increasing oil production and oil to water ratio indicates that the reservoir could be moving back toward oil production rates recorded prior to its extended shut-in period that commenced back in 2015, when the wells were producing in excess of 200 bopd.


In early July 2019 total fluid production (inclusive of oil and water) had been over 4,500 barrels per day of which the oil cut was estimated at 1.5% to 2% of total fluid. While the total fluid volumes were as expected, oil cuts had yet to stabilize and return to the much higher historical rates experienced prior to field shut-in. Since July the oil cut has increased, and it is presently estimated at 2.5% to 3% of the total fluid produced. Production performance from heavy oil reservoirs such as those in West Hazel is difficult to predict after extended shut-in periods, with reservoirs typically taking some time to return to stable oil production levels.


"I am very pleased with the current production performance from the field, with increasing oil cuts, that validates original planning estimates supporting our decision to move forward with the project late last year." states Don Currie, CEO of Hillcrest Petroleum. "The revenue provides a monthly profit and will assist in creating a healthier balance sheet. Hillcrest is reviewing where production can increase on our Saskatchewan asset and is continuing to pursue further acquisitions with our financial partners. The company will continue to issue updates as developments occur"


ON BEHALF OF THE BOARD



Donald Currie


Chief Executive Officer and Director


For more information on Hillcrest Petroleum Ltd., contact Donald Currie toll free at 1-855-609-0006 or visit the Company's website at www.hillcrestpetroleum.com .


Cautionary Statement Regarding "Forward-Looking" Information


Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

!
Thumb hillcrest

HRHCommunity MGR

8 months ago

HRHCommunity MGR posted an update Hillcrest signs MOU with Xstate in HILLCREST PETROLEUM LTD.

As per the news release of yesterday Jan 28th, 2019.  Hillcrest Petroleum announced it has executed a Memorandum of Understanding (MOU) with Xstate Resources Limited, a publicly listed Australian oil and gas company, (XST-ASX) to jointly pursue oil and acquisitions in Canada and onshore USA. Hillcrest has identified and is currently reviewing producing oil and gas assets in the Western Canada Sedimentary Basins for the purpose of acquisition and development. Xstate has been participating in and is reviewing potential acquisition of various U.S. oil and gas projects.


Hillcrest is very excited about this MOU with Xstate Resources, and all the potential projects that may come as a result of this mutual MOU.


This is the link to the website of Xstate Resources for all Hillcrest Investor Group members to review: http://www.xstate.com.au/


!
Thumb capture

Don Currie posted an update in HILLCREST PETROLEUM LTD.

8 months ago

Further to today's press release, this video was shot at Proactive Investors this morning. We are excited about what the alliance means for Hillcrest and will be advising all as developments occur. Thank you all for you interest and support of Hillcrest Petroleum.

Thumb 8020 media relations

Media Relations posted an update in HILLCREST PETROLEUM LTD.

8 months ago

Hillcrest Petroleum Ltd. | CEO Don Currie | Oil & Gas Production Company

Thumb capture

Don Currie commented on Chris H  update in HILLCREST PETROLEUM LTD.

1 year ago

Is management of Hillcrest Petroleum even aware that a person who uses TD web-broker can't even buy HRH shares on the Internet ? The following message occurs: This order cannot be placed electronically. Please contact TD Direct Investing at 1-800-465-5463 or 416-982-7686 to place this order. [ 90211 ] Probably a glitch, but, it has been like this for weeks. Anyone know (or care) about this here or with management ?

Thumb photo

Chris H posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Is management of Hillcrest Petroleum even aware that a person who uses TD web-broker can't even buy HRH shares on the Internet ? The following message occurs: This order cannot be placed electronically. Please contact TD Direct Investing at 1-800-465-5463 or 416-982-7686 to place this order. [ 90211 ] Probably a glitch, but, it has been like this for weeks. Anyone know (or care) about this here or with management ?

Thumb year end 2017

Darren Stewart

1 year ago

Darren Stewart posted a press release Hillcrest Announces 1st Tranche Closing Of Unit Private Placement in HILLCREST PETROLEUM LTD.

Hillcrest Announces 1st Tranche Closing Of Unit Private Placement


VANCOUVER, B.C. / TheNewswire / February 27, 2018 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") announces that further to its news release of February 6, 2018, the Company has closed the first tranche of the non-brokered private placement of units of the Company (the "Units") at $0.05 per Unit (the "Offering").


The first tranche closing consisted of 8,792,000 Units, for gross proceeds of $439,600. Each Unit consisted of one common share in the capital of the Company (the "Shares") plus one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional Share at a price of $0.10 until February 27, 2020.


All securities issued in connection with this first tranche Offering will be subject to a statutory hold period ending on June 28, 2018 in accordance with applicable securities legislation. The net proceeds from the Offering will be used to advance the company's oil and gas projects in Alberta and Saskatchewan and for general working capital. There were no finder's fees paid on this 1st tranche closing. The balance of the Offering is expected to close on or before March 23, 2018.


For more information on Hillcrest Petroleum Ltd., contact Donald Currie toll free at 1-855-609-0006 or visit the Company's website at www.hillcrestpetroleum.com


ON BEHALF OF THE BOARD


Donald Currie
Chief Executive Officer and Director


Cautionary Statement Regarding "Forward-Looking" Information


Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

!
Thumb year end 2017

Darren Stewart posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Dear 8020 Community Member, in our effort to become the most trusted investor platform in the world, we have launched a new tool to help keep our community safe from social spammers, unsponsored advertising, or comments that could affect other investors in our community. As you can see below, we have added a flagging system. When a post is flagged three times by three different users, it is automatically removed and reviewed by 8020 Admin. Help us protect our community, by thanking people for helpful posts and flagging others for improper posts. Thank you. Darren Stewart, Founder and CEO, 8020 Connect

Thumb capture

Don Currie posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Good morning Darren. Hillcrest will joining you on ICO xConnect. We hope to have updates on the process we are undertaking soon.

Thumb year end 2017

Darren Stewart commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb capture

Don Currie commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb julien rancourt  medias

Julien Rancourt commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb capture

Don Currie commented on Julien Rancourt  update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.

Thumb julien rancourt  medias

Julien Rancourt posted an update in HILLCREST PETROLEUM LTD.

1 year ago

Recent update states that the recent PP price adjustment was "due to market conditions"... but I keep wondering how much impact (if at all) has the IIROC imposed clarification request have ... just curious and definitely not implying falsifications in News Releases.