Hillcrest Petroleum Ltd.

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8020Admin started the topic HRH News Alert: Offers Clarification on Digital Currency Engagement Agreement in group Hillcrest Petroleum Ltd.

Hillcrest Offers Clarification on Digital Currency Engagement Agreement

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to offer a clarification to our news release of January 25th, 2018, in which the Company announced an engagement agreement with Entoro Capital, LLC (“Entoro”) headquartered in Houston, Texas to undertake a potential digital currency Initial Coin Offering (“ICO”).

The ICO being considered is intended to be an asset-backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market and potentially work towards making the Canadian energy sector more innovative.

Hillcrest engaged Entoro as the Company’s agent to provide investment banking, business development and consulting services for potential financing transactions using digital currencies to fund the Company’s business plan, which remains primarily focused on developing oil and gas production in Alberta and Saskatchewan, Canada. The Company believes that an ICO would offer a non-dilutive funding option in addition to other funding options currently available.

ICO and Token Considerations

The Company is not conducting an ICO at this time but may decide to do so in the future. Any ICO would be compliant with relevant securities regulation and require Exchange approvals. If the Company decides to proceed with an ICO, it will determine the terms of such offering, and if such offering may be deemed to be either a security under the Securities Act (British Columbia) or a derivative.

If the ICO is determined to be a security, it will require either a prospectus or an exemption from the prospectus requirement to issue Coins and/or Tokens and to effect trades. The Company may utilize the accredited investors exemption, the offering memorandum exemption or such other exemptions from the prospectus requirement detailed in National Instrument 45-106 – Prospectus Exemptions. There is no assurance that such exemptions will be granted. However, in certain instances the issuance of a Token may be determined to be a derivative if the underlying asset of the Coin is a commodity which is not an investment contract. Until the Company finalizes terms of its ICO, it will be unable to determine for certain if the Token is a security or a derivative.

A Token or Coin issued under an ICO would not give the acquirer equity, other interests or rights in the Company equivalent to a holder of common shares. For example, no rights would be granted to participate in the profits or the distribution of assets of the Company, nor any voting rights in any meeting of the security holders of the Company.

If the Company proceeds with an ICO, it is considered that Tokens and Coins would be issued to investors entitling them to the value attached to a specific amount of oil hydrocarbon produced from Company properties included in the ICO.

The Company only recently established oil production in Canada through its well reactivation program in Saskatchewan and is still in the development planning phase for its Saskatchewan and Alberta properties. An ICO linked to oil and gas production from Hillcrest’s future oil and gas developments will therefore be a speculative investment, with no time frame defined for when commercial production from the Company’s current and future oil and gas properties and projects will commence. Reserves reports from competent 3rd parties on the Company’s oil and gas assets and potential future acquisitions are not yet available. The Company intends to commission and provide relevant reports for an ICO as appropriate.

If the Company proceeds with an ICO, then cash will be received for Token and Coin issuances. These will be recorded as liabilities in its financial statements, which will require the delivery of hydrocarbons if commercial production is achieved. Hillcrest shareholders should be aware that, depending on the terms of a Token or Coin issuance, Token or Coin holders will be entitled to receive value in hydrocarbons produced from Company properties included in the ICO, if and when commercial production is achieved. After redemptions of hydrocarbons are satisfied, remaining oil and gas production would be available for the Company to sell. The Company does not intend to create our own platform for the trading of any potential Tokens or Coins.

The Company and Entoro will work together to seek funding to back the proposal and to eventually develop the currency program. The Company intends to utilize the expertise of Entoro Capital LLC and their respective contacts in establishing a potential ICO.

In addition to the above, the Company recently announced a private placement offering of $525,000 and will deploy any funds raised in the offering as outlined in previous press releases, i.e. for further development of its previously announced assets and acquisitions and for general working capital purposes. Further, the Company continues to pursue its stated goal to build value through the acquisition and development of oil and gas assets in Alberta and Saskatchewan.

“Hillcrest is excited to be working with Entoro Capital and jointly pursuing an ICO as an alternate form of financing which could result in additional value for the Company” states Hillcrest CEO Don Currie. “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process. The Company intends to use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors. An ICO is considered to be a particularly effective funding alternative for Hillcrest as it may provide access to substantial capital funding to deliver value growth from our existing and new Western Canadian oil and gas projects, without exposing existing shareholders to potential dilution through conventional equity funding. Parallel to the Company working with Entoro, management will continue to focus on the well workover program and potential future drilling program announced with Westcore as well as commencing operations on Western Canadian assets, as previously announced. We will inform our shareholders as developments and material events occur.”

For more information on Hillcrest Petroleum Ltd, contact Don 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

For more information on Entoro Capital, contact James C. Row, CFA at 1-713-823-2900 (email: [email protected]) or visit the Entoro website atwww.entoro.com.

To stay informed about Hillcrest Petroleum, please join our Investor Group on 8020 Connect http://bit.ly/2xs3IeP for all upcoming news releases, articles comments and questions.

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.



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PKen1 day
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PKen commented on update in the group HILLCREST PETROLEUM LTD.

Release will be issued Monday and trading will resume.
 
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Thanks for the update Don, I look forward to the next news release. PKen
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

Release will be issued Monday and trading will resume.
 
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Thanks for the update Don, I look forward to the next news release. PKen
 
 
Chris H2 days

Chris H has joined the group Hillcrest Petroleum Ltd.



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PKen3 days
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PKen commented on update in the group HILLCREST PETROLEUM LTD.

The Company is submitting further details of the relationship and expectations with Entoro to the exchange. They have asked for clarification which will all be included in a release. Submissions are being filed and we await response.
 
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Thank you Don for your quick response. Much appreciated. PKen
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

The Company is submitting further details of the relationship and expectations with Entoro to the exchange. They have asked for clarification which will all be included in a release. Submissions are being filed and we await response.
 
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Thank you Don for your quick response. Much appreciated. PKen
 
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PKen3 days
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PKen posted an update in the group HILLCREST PETROLEUM LTD.

Hello, when is the pending news expected and trading halt being lifted? PKen


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DArcy4 days
Disclaimer

DArcy commented on update in the group HILLCREST PETROLEUM LTD.

The release today is a very exciting development for the company. Hillcrest and Entoro will be issuing regular updates regarding potential funding for our Western Canadian projects in the very near future. Entoro is positioned to become a leader in the digital currency space which should provide Hillcrest with some very interesting investment possibilities.
 
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Thanks for the update Don!
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

The release today is a very exciting development for the company. Hillcrest and Entoro will be issuing regular updates regarding potential funding for our Western Canadian projects in the very near future. Entoro is positioned to become a leader in the digital currency space which should provide Hillcrest with some very interesting investment possibilities.
 
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Thanks for the update Don!
 
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8020Admin started the topic HRH News Alert: Signs Digital Currency Engagement Agreemen in group Hillcrest Petroleum Ltd.

Hillcrest Signs Digital Currency Engagement Agreement

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to announce the Company has signed an engagement agreement with Entoro Capital, LLC (“Entoro”) headquartered in Houston, Texas to establish a digital or crypto currency Initial Coin Offering (“ICO”). The focus will be on an asset backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market.

Hillcrest engaged Entoro as the Company’s agent to provide investment banking, business development and consulting services in partnership with the Company in potential financing transactions using digital and crypto currencies for acquisitions and development of the Company’s business plan focused in Alberta and Saskatchewan, Canada.

Entoro, through their relationships and contacts within the investment community, will advise and assist the Company to raise capital through a funding of an ICO offering and will assist in identifying and evaluating potential ICO investors. The ICO will be structured and offered through a wholly-owned subsidiary of Hillcrest. The offering will be available for investment through various exemptions and regulations currently in effect in Canada, the United States and other jurisdictions around the world.

Any ICO completed would proceed through appropriate regulatory channels to ensure that all activities are compliant and approved by the relevant regulators in jurisdictions where the financing will be offered. The White Paper, distribution plan and process will be forthcoming and available from the Company and/or Entoro.

“Hillcrest is excited to be working with Entoro Capital and jointly pursuing an ICO as an alternate form of financing which could result in additional value for the Company” states Hillcrest CEO Don Currie. “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process. The Company will use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors. An ICO is considered to be a particularly effective funding alternative for Hillcrest as it may provide access to substantial capital funding to deliver value growth from our existing and new Western Canadian oil and gas projects, without exposing existing shareholders to potential dilution through conventional equity funding.”

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

ON BEHALF OF THE BOARD


Donald Currie

Chief Executive Officer and Director

For more information on Entoro Capital, contact James C. Row, CFA at 1-713-823-2900 (email: [email protected]) or visit the Entoro website atwww.entoro.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.

Copyright (c) 2018 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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rossw9 days

rossw has joined the group Hillcrest Petroleum Ltd.



 
Gordo9 days

Gordo has joined the group Hillcrest Petroleum Ltd.



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Media Relations posted an update in the group HILLCREST PETROLEUM LTD.

The pictures are the Hillcrest Petroleum rig on the current well being worked over. These are the 7-13 in Saskatchewan.


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PKen14 days

PKen has joined the group Hillcrest Petroleum Ltd.



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charlie a24 days

charlie a has joined the group Hillcrest Petroleum Ltd.



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8020 Admin26 days
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8020Admin started the topic HRH News Alert: Production Operations Update in group Hillcrest Petroleum Ltd.

Hillcrest Production Operations Update

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to provide the following production operations update from the Flaxcombe Field area, located in Western Saskatchewan. These operations are being undertaken in conjunction with our joint venture partner, Westcore Energy Ltd. (“Westcore”). These operations represent the start of hydrocarbon production for Hillcrest in the Province of Saskatchewan.

The previously announced production well workover and optimization program commenced on December 22nd, 2017. The program consists primarily of installation of sand control, production tubing and optimization of surface equipment and controls. Hillcrest is providing financial and technical support for the workover program and will earn a 50% working interest in all production from the wells.

The first well scheduled in the program, the Flaxcombe 16-13 commenced production on December 29th. Initial reported production from the well was approximately 10 m3, or 63 barrels, of total fluid per day with net oil production of 5 m3 or 31 barrels of oil. The extreme cold weather in the area is having an impact on surface equipment performance but we expect these issues to be resolved shortly. The 16-13 well has produced an estimated 88 barrels of oil in the 4 days since production re-started.

Operations on the second well in the program, the Flaxcombe 07-13, are scheduled to commence on 3rd January 2018. Pending successful completion of the operations, we expect the well to be returned to production within seven days.

The well workover program is a first step towards a contemplated larger acreage development and drilling program. Hillcrest will provide an update upon execution of formal agreements.

Production of hydrocarbons for Hillcrest from the Flaxcombe Field area precedes the resumption of production from Hillcrest’s previously announced but separate joint ventures in Saskatchewan and Alberta. We expect that production operations from these joint venture programs will commence early in Q1 of 2018.

For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website atwww.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.

Copyright (c) 2018 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



 

Ray Bielawski has joined the group Hillcrest Petroleum Ltd.



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8020 Admin2 months
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8020Admin started the topic HRH News Alert: Participates in Saskatchewan Workover Program in group Hillcrest Petroleum Ltd.

Hillcrest Participates in Saskatchewan Workover Program

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / December 14, 2017 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) (TSX-V: HRH) (OTCQB: HLRTF) is pleased to announce the company has been invited to participate in a well workover program with Westcore Energy Ltd. (“Westcore”) headquartered in Saskatoon, Saskatchewan. The agreement with Westcore identifies multiple locations in the Flaxcombe region of the province. 

Hillcrest will be responsible for providing financial and technical support to the workover program. In return, Hillcrest will earn a 50% working interest in all production from the wells. The well workover program is slated to begin December 15, 2017.

The well workover program is a first step towards a contemplated larger acreage development and drilling program agreement currently being discussed between Westcore and its partners. Westcore owns and operates two large acreage positions in the Province of Saskatchewan and is in discussions with Hillcrest which would allow the Company to participate in a development program. Hillcrest will advise our shareholders if and when formal agreements are signed and in place.

“The well workovers or reactivations represent a low cost low risk opportunity for Hillcrest” states Don Currie, Hillcrest CEO. “Westcore enjoyed recent production from the wells and had temporarily suspended production in order to improve sand control and update equipment as required. They slated the work for this month meaning upon successful recompletions, immediate production will occur and revenues from production will be received the following month. This represents the start of potential production of hydrocarbons for Hillcrest in Saskatchewan and precedes production from the previously announced joint venture arrangement in Saskatchewan and Alberta. We expect field programs from the joint venture program will commence early in Q1 of 2018. In addition, we hope to complete a larger more comprehensive agreement with Westcore to participate in their scheduled field development program.”

For more information on Hillcrest Petroleum Ltd, contact Don 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.

 

Copyright (c) 2017 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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Bob Cramer2 months

Bob Cramer has joined the group Hillcrest Petroleum Ltd.



 

John Whitehead has joined the group Hillcrest Petroleum Ltd.



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Todd Buchanan has joined the group Hillcrest Petroleum Ltd.



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Lapilia2 months

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john ruznisky has joined the group Hillcrest Petroleum Ltd.



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darren unrau2 months

darren unrau has joined the group Hillcrest Petroleum Ltd.



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Trevor Shaw2 months

Trevor Shaw has joined the group Hillcrest Petroleum Ltd.



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8020 Admin2 months
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8020Admin started the topic HRH News Alert: Provides Shareholder Update in group Hillcrest Petroleum Ltd.

Hillcrest Provides Shareholder Update

(via TheNewswire)

Vancouver, B.C. / TheNewswire / November 16, 2017 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) is pleased to provide the following Company update to our shareholders. 

As previously announced on May 10, 2017, Hillcrest signed a binding Joint Venture Agreement (the “JV Agreement”) with a Canadian oil and gas company (“Juniorco”) whereby the Company, via a wholly owned subsidiary, will earn up to a 75% Working Interest and operate two petroleum assets located in Western Canada (the “Fields”). The Company expects to restore combined production from the Fields to approximately 400 barrels of oil per day (“bopd”) by providing capital funding and technical expertise. 

Over the past few months, Hillcrest has been working with a Calgary based engineering firm to develop plans to optimise production and reliability for both the Alberta and Saskatchewan field reactivations. 

Hillcrest has been approved as operator in Alberta and anticipates Saskatchewan approval by the end of the month. Upon approval by the Saskatchewan regulator, the Company intends to immediately commence activity to restore production in the West Hazel Field. West Hazel has 4 producing oil wells and one salt water disposal well and represents approximately 75% of the previous combined production of both fields. In addition, 10 well recompletions, 3 additional well reactivations and 3 identified drilling locations have been identified as further upside to increase production as soon as the field is restored to steady state production. 

Aside from the field reactivations above, Hillcrest has been actively pursuing multiple acquisition opportunities and Joint Venture partnerships in coordination with our Merchant Banker, WC Capital Inc., under previously announced arrangements. 

The Company is targeting a number of short term production opportunities similar in scope to the field reactivations and a number of larger acquisition opportunities where substantial value can be delivered by applying technical and commercial expertise in assets with dominant operating positions in their respective areas. 

If successful, these larger, transformational, opportunities would provide significant cash flow immediately upon acquisition and value multiples of the acquisition price within 2 to 4 years through further field development. Non-binding Letters of Intent (“LOIs”) have been submitted for two of these larger opportunities. 

Additional information will be provided should the LOIs progress to a binding stage and as arrangements are firmed up for the other production opportunities.

Hillcrest will continue to update the shareholders as development occur.

To stay informed about Hillcrest:

Please join our Investor Group on 8020 Connect https://www.8020connect.com/groups/hillcrest-petroleum-ltd for all upcoming news releases, articles, comments and questions.

Additional information can also be obtained by contacting Don Currie toll free at 1-855-609-0006 or visiting 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.

 

Copyright (c) 2017 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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Jon MacLeod2 months

Jon MacLeod has joined the group Hillcrest Petroleum Ltd.



 
Don Currie3 months
Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

As previously announced news dated May 12th, 2017, we have contracted a 3rd party Engineering group. HRH has now received some valuable insight from them from the recently completed analysis of the re-activation program. They believe HRH may have additional production potential which could add to our overall production, as detailed in their analysis/report. Once our field staff commences ground work, we will have even more clarity on the potential recommendations from them. We look forward to further updates from the field which we will share with our investor group.


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Jovan Allen3 months

Jovan Allen has joined the group Hillcrest Petroleum Ltd.



 
J Y3 months

J Y has joined the group Hillcrest Petroleum Ltd.



 
David 3 months

David has joined the group Hillcrest Petroleum Ltd.



 
Don Currie3 months
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Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

I thought I would share this article. It’s a little bullish, but a good read if you’re on the bullish side of the market.

https://nai500.com/blog/2017/10/light-crude-oil-just-broke-out-now-the-fun-really-begins/



  Disclaimer

Julien Rancourt posted an update in the group HILLCREST PETROLEUM LTD.

Hi Don, does this field update reflect Alberta wells only?


 
Don Currie3 months
Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

As per previously announced JV agreement (News May 10, 2017), regarding the re-activation of fields in both Saskatchewan and Alberta, I am happy to inform that our corporate plans are now moving forward. Delays pertaining to governmental approvals and legal technicalities involved in these types of asset transactions are now close to being completely resolved. Technical personnel will be in the field this week and operational staff as soon as weather permits. We will be discussing their assessments soon. They will also take pictures and video to share with our shareholders, in our “Investor Group” soon. We are all extremely excited about our re-activation program moving forward and field crew operations commencing.


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Sstan O. 3 months

Sstan O. has joined the group Hillcrest Petroleum Ltd.



 
Dean Winters3 months

Dean Winters has joined the group Hillcrest Petroleum Ltd.



 
forestranger3 months

forestranger has joined the group Hillcrest Petroleum Ltd.



 
chris koll3 months

chris koll has joined the group Hillcrest Petroleum Ltd.



Hillcrest Petroleum Ltd.

lockPrivate Group

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

people58 Members

Hillcrest Petroleum Ltd.

lockPrivate Group

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

people58 Members

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James Row30 minutes

James Row has joined the group Hillcrest Petroleum Ltd.



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8020Admin started the topic HRH News Alert: Offers Clarification on Digital Currency Engagement Agreement in group Hillcrest Petroleum Ltd.

Hillcrest Offers Clarification on Digital Currency Engagement Agreement

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to offer a clarification to our news release of January 25th, 2018, in which the Company announced an engagement agreement with Entoro Capital, LLC (“Entoro”) headquartered in Houston, Texas to undertake a potential digital currency Initial Coin Offering (“ICO”).

The ICO being considered is intended to be an asset-backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market and potentially work towards making the Canadian energy sector more innovative.

Hillcrest engaged Entoro as the Company’s agent to provide investment banking, business development and consulting services for potential financing transactions using digital currencies to fund the Company’s business plan, which remains primarily focused on developing oil and gas production in Alberta and Saskatchewan, Canada. The Company believes that an ICO would offer a non-dilutive funding option in addition to other funding options currently available.

ICO and Token Considerations

The Company is not conducting an ICO at this time but may decide to do so in the future. Any ICO would be compliant with relevant securities regulation and require Exchange approvals. If the Company decides to proceed with an ICO, it will determine the terms of such offering, and if such offering may be deemed to be either a security under the Securities Act (British Columbia) or a derivative.

If the ICO is determined to be a security, it will require either a prospectus or an exemption from the prospectus requirement to issue Coins and/or Tokens and to effect trades. The Company may utilize the accredited investors exemption, the offering memorandum exemption or such other exemptions from the prospectus requirement detailed in National Instrument 45-106 – Prospectus Exemptions. There is no assurance that such exemptions will be granted. However, in certain instances the issuance of a Token may be determined to be a derivative if the underlying asset of the Coin is a commodity which is not an investment contract. Until the Company finalizes terms of its ICO, it will be unable to determine for certain if the Token is a security or a derivative.

A Token or Coin issued under an ICO would not give the acquirer equity, other interests or rights in the Company equivalent to a holder of common shares. For example, no rights would be granted to participate in the profits or the distribution of assets of the Company, nor any voting rights in any meeting of the security holders of the Company.

If the Company proceeds with an ICO, it is considered that Tokens and Coins would be issued to investors entitling them to the value attached to a specific amount of oil hydrocarbon produced from Company properties included in the ICO.

The Company only recently established oil production in Canada through its well reactivation program in Saskatchewan and is still in the development planning phase for its Saskatchewan and Alberta properties. An ICO linked to oil and gas production from Hillcrest’s future oil and gas developments will therefore be a speculative investment, with no time frame defined for when commercial production from the Company’s current and future oil and gas properties and projects will commence. Reserves reports from competent 3rd parties on the Company’s oil and gas assets and potential future acquisitions are not yet available. The Company intends to commission and provide relevant reports for an ICO as appropriate.

If the Company proceeds with an ICO, then cash will be received for Token and Coin issuances. These will be recorded as liabilities in its financial statements, which will require the delivery of hydrocarbons if commercial production is achieved. Hillcrest shareholders should be aware that, depending on the terms of a Token or Coin issuance, Token or Coin holders will be entitled to receive value in hydrocarbons produced from Company properties included in the ICO, if and when commercial production is achieved. After redemptions of hydrocarbons are satisfied, remaining oil and gas production would be available for the Company to sell. The Company does not intend to create our own platform for the trading of any potential Tokens or Coins.

The Company and Entoro will work together to seek funding to back the proposal and to eventually develop the currency program. The Company intends to utilize the expertise of Entoro Capital LLC and their respective contacts in establishing a potential ICO.

In addition to the above, the Company recently announced a private placement offering of $525,000 and will deploy any funds raised in the offering as outlined in previous press releases, i.e. for further development of its previously announced assets and acquisitions and for general working capital purposes. Further, the Company continues to pursue its stated goal to build value through the acquisition and development of oil and gas assets in Alberta and Saskatchewan.

“Hillcrest is excited to be working with Entoro Capital and jointly pursuing an ICO as an alternate form of financing which could result in additional value for the Company” states Hillcrest CEO Don Currie. “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process. The Company intends to use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors. An ICO is considered to be a particularly effective funding alternative for Hillcrest as it may provide access to substantial capital funding to deliver value growth from our existing and new Western Canadian oil and gas projects, without exposing existing shareholders to potential dilution through conventional equity funding. Parallel to the Company working with Entoro, management will continue to focus on the well workover program and potential future drilling program announced with Westcore as well as commencing operations on Western Canadian assets, as previously announced. We will inform our shareholders as developments and material events occur.”

For more information on Hillcrest Petroleum Ltd, contact Don 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

For more information on Entoro Capital, contact James C. Row, CFA at 1-713-823-2900 (email: [email protected]) or visit the Entoro website atwww.entoro.com.

To stay informed about Hillcrest Petroleum, please join our Investor Group on 8020 Connect http://bit.ly/2xs3IeP for all upcoming news releases, articles comments and questions.

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.



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PKen1 day
Disclaimer

PKen commented on update in the group HILLCREST PETROLEUM LTD.

Release will be issued Monday and trading will resume.
 
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Thanks for the update Don, I look forward to the next news release. PKen
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

Release will be issued Monday and trading will resume.
 
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Thanks for the update Don, I look forward to the next news release. PKen
 
 
Chris H2 days

Chris H has joined the group Hillcrest Petroleum Ltd.



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PKen3 days
Disclaimer

PKen commented on update in the group HILLCREST PETROLEUM LTD.

The Company is submitting further details of the relationship and expectations with Entoro to the exchange. They have asked for clarification which will all be included in a release. Submissions are being filed and we await response.
 
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Thank you Don for your quick response. Much appreciated. PKen
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

The Company is submitting further details of the relationship and expectations with Entoro to the exchange. They have asked for clarification which will all be included in a release. Submissions are being filed and we await response.
 
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Thank you Don for your quick response. Much appreciated. PKen
 
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PKen3 days
Disclaimer

PKen posted an update in the group HILLCREST PETROLEUM LTD.

Hello, when is the pending news expected and trading halt being lifted? PKen


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DArcy4 days
Disclaimer

DArcy commented on update in the group HILLCREST PETROLEUM LTD.

The release today is a very exciting development for the company. Hillcrest and Entoro will be issuing regular updates regarding potential funding for our Western Canadian projects in the very near future. Entoro is positioned to become a leader in the digital currency space which should provide Hillcrest with some very interesting investment possibilities.
 
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Thanks for the update Don!
 
  Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

The release today is a very exciting development for the company. Hillcrest and Entoro will be issuing regular updates regarding potential funding for our Western Canadian projects in the very near future. Entoro is positioned to become a leader in the digital currency space which should provide Hillcrest with some very interesting investment possibilities.
 
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Thanks for the update Don!
 
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8020Admin started the topic HRH News Alert: Signs Digital Currency Engagement Agreemen in group Hillcrest Petroleum Ltd.

Hillcrest Signs Digital Currency Engagement Agreement

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to announce the Company has signed an engagement agreement with Entoro Capital, LLC (“Entoro”) headquartered in Houston, Texas to establish a digital or crypto currency Initial Coin Offering (“ICO”). The focus will be on an asset backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market.

Hillcrest engaged Entoro as the Company’s agent to provide investment banking, business development and consulting services in partnership with the Company in potential financing transactions using digital and crypto currencies for acquisitions and development of the Company’s business plan focused in Alberta and Saskatchewan, Canada.

Entoro, through their relationships and contacts within the investment community, will advise and assist the Company to raise capital through a funding of an ICO offering and will assist in identifying and evaluating potential ICO investors. The ICO will be structured and offered through a wholly-owned subsidiary of Hillcrest. The offering will be available for investment through various exemptions and regulations currently in effect in Canada, the United States and other jurisdictions around the world.

Any ICO completed would proceed through appropriate regulatory channels to ensure that all activities are compliant and approved by the relevant regulators in jurisdictions where the financing will be offered. The White Paper, distribution plan and process will be forthcoming and available from the Company and/or Entoro.

“Hillcrest is excited to be working with Entoro Capital and jointly pursuing an ICO as an alternate form of financing which could result in additional value for the Company” states Hillcrest CEO Don Currie. “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process. The Company will use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors. An ICO is considered to be a particularly effective funding alternative for Hillcrest as it may provide access to substantial capital funding to deliver value growth from our existing and new Western Canadian oil and gas projects, without exposing existing shareholders to potential dilution through conventional equity funding.”

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

ON BEHALF OF THE BOARD


Donald Currie

Chief Executive Officer and Director

For more information on Entoro Capital, contact James C. Row, CFA at 1-713-823-2900 (email: [email protected]) or visit the Entoro website atwww.entoro.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.

Copyright (c) 2018 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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rossw9 days

rossw has joined the group Hillcrest Petroleum Ltd.



 
Gordo9 days

Gordo has joined the group Hillcrest Petroleum Ltd.



8020 media relations Disclaimer

Media Relations posted an update in the group HILLCREST PETROLEUM LTD.

The pictures are the Hillcrest Petroleum rig on the current well being worked over. These are the 7-13 in Saskatchewan.


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PKen14 days

PKen has joined the group Hillcrest Petroleum Ltd.



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charlie a24 days

charlie a has joined the group Hillcrest Petroleum Ltd.



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8020 Admin26 days
Disclaimer

8020Admin started the topic HRH News Alert: Production Operations Update in group Hillcrest Petroleum Ltd.

Hillcrest Production Operations Update

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to provide the following production operations update from the Flaxcombe Field area, located in Western Saskatchewan. These operations are being undertaken in conjunction with our joint venture partner, Westcore Energy Ltd. (“Westcore”). These operations represent the start of hydrocarbon production for Hillcrest in the Province of Saskatchewan.

The previously announced production well workover and optimization program commenced on December 22nd, 2017. The program consists primarily of installation of sand control, production tubing and optimization of surface equipment and controls. Hillcrest is providing financial and technical support for the workover program and will earn a 50% working interest in all production from the wells.

The first well scheduled in the program, the Flaxcombe 16-13 commenced production on December 29th. Initial reported production from the well was approximately 10 m3, or 63 barrels, of total fluid per day with net oil production of 5 m3 or 31 barrels of oil. The extreme cold weather in the area is having an impact on surface equipment performance but we expect these issues to be resolved shortly. The 16-13 well has produced an estimated 88 barrels of oil in the 4 days since production re-started.

Operations on the second well in the program, the Flaxcombe 07-13, are scheduled to commence on 3rd January 2018. Pending successful completion of the operations, we expect the well to be returned to production within seven days.

The well workover program is a first step towards a contemplated larger acreage development and drilling program. Hillcrest will provide an update upon execution of formal agreements.

Production of hydrocarbons for Hillcrest from the Flaxcombe Field area precedes the resumption of production from Hillcrest’s previously announced but separate joint ventures in Saskatchewan and Alberta. We expect that production operations from these joint venture programs will commence early in Q1 of 2018.

For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website atwww.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.

Copyright (c) 2018 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



 

Ray Bielawski has joined the group Hillcrest Petroleum Ltd.



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8020 Admin2 months
Disclaimer

8020Admin started the topic HRH News Alert: Participates in Saskatchewan Workover Program in group Hillcrest Petroleum Ltd.

Hillcrest Participates in Saskatchewan Workover Program

(via TheNewswire)

VANCOUVER, B.C. / TheNewswire / December 14, 2017 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) (TSX-V: HRH) (OTCQB: HLRTF) is pleased to announce the company has been invited to participate in a well workover program with Westcore Energy Ltd. (“Westcore”) headquartered in Saskatoon, Saskatchewan. The agreement with Westcore identifies multiple locations in the Flaxcombe region of the province. 

Hillcrest will be responsible for providing financial and technical support to the workover program. In return, Hillcrest will earn a 50% working interest in all production from the wells. The well workover program is slated to begin December 15, 2017.

The well workover program is a first step towards a contemplated larger acreage development and drilling program agreement currently being discussed between Westcore and its partners. Westcore owns and operates two large acreage positions in the Province of Saskatchewan and is in discussions with Hillcrest which would allow the Company to participate in a development program. Hillcrest will advise our shareholders if and when formal agreements are signed and in place.

“The well workovers or reactivations represent a low cost low risk opportunity for Hillcrest” states Don Currie, Hillcrest CEO. “Westcore enjoyed recent production from the wells and had temporarily suspended production in order to improve sand control and update equipment as required. They slated the work for this month meaning upon successful recompletions, immediate production will occur and revenues from production will be received the following month. This represents the start of potential production of hydrocarbons for Hillcrest in Saskatchewan and precedes production from the previously announced joint venture arrangement in Saskatchewan and Alberta. We expect field programs from the joint venture program will commence early in Q1 of 2018. In addition, we hope to complete a larger more comprehensive agreement with Westcore to participate in their scheduled field development program.”

For more information on Hillcrest Petroleum Ltd, contact Don 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.

 

Copyright (c) 2017 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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Bob Cramer2 months

Bob Cramer has joined the group Hillcrest Petroleum Ltd.



 

John Whitehead has joined the group Hillcrest Petroleum Ltd.



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Todd Buchanan has joined the group Hillcrest Petroleum Ltd.



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Lapilia2 months

Lapilia has joined the group Hillcrest Petroleum Ltd.



 

john ruznisky has joined the group Hillcrest Petroleum Ltd.



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Mike Rix2 months

Mike Rix has joined the group Hillcrest Petroleum Ltd.



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darren unrau2 months

darren unrau has joined the group Hillcrest Petroleum Ltd.



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Laura ZHU has joined the group Hillcrest Petroleum Ltd.



 
Trevor Shaw2 months

Trevor Shaw has joined the group Hillcrest Petroleum Ltd.



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8020 Admin2 months
Disclaimer

8020Admin started the topic HRH News Alert: Provides Shareholder Update in group Hillcrest Petroleum Ltd.

Hillcrest Provides Shareholder Update

(via TheNewswire)

Vancouver, B.C. / TheNewswire / November 16, 2017 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) is pleased to provide the following Company update to our shareholders. 

As previously announced on May 10, 2017, Hillcrest signed a binding Joint Venture Agreement (the “JV Agreement”) with a Canadian oil and gas company (“Juniorco”) whereby the Company, via a wholly owned subsidiary, will earn up to a 75% Working Interest and operate two petroleum assets located in Western Canada (the “Fields”). The Company expects to restore combined production from the Fields to approximately 400 barrels of oil per day (“bopd”) by providing capital funding and technical expertise. 

Over the past few months, Hillcrest has been working with a Calgary based engineering firm to develop plans to optimise production and reliability for both the Alberta and Saskatchewan field reactivations. 

Hillcrest has been approved as operator in Alberta and anticipates Saskatchewan approval by the end of the month. Upon approval by the Saskatchewan regulator, the Company intends to immediately commence activity to restore production in the West Hazel Field. West Hazel has 4 producing oil wells and one salt water disposal well and represents approximately 75% of the previous combined production of both fields. In addition, 10 well recompletions, 3 additional well reactivations and 3 identified drilling locations have been identified as further upside to increase production as soon as the field is restored to steady state production. 

Aside from the field reactivations above, Hillcrest has been actively pursuing multiple acquisition opportunities and Joint Venture partnerships in coordination with our Merchant Banker, WC Capital Inc., under previously announced arrangements. 

The Company is targeting a number of short term production opportunities similar in scope to the field reactivations and a number of larger acquisition opportunities where substantial value can be delivered by applying technical and commercial expertise in assets with dominant operating positions in their respective areas. 

If successful, these larger, transformational, opportunities would provide significant cash flow immediately upon acquisition and value multiples of the acquisition price within 2 to 4 years through further field development. Non-binding Letters of Intent (“LOIs”) have been submitted for two of these larger opportunities. 

Additional information will be provided should the LOIs progress to a binding stage and as arrangements are firmed up for the other production opportunities.

Hillcrest will continue to update the shareholders as development occur.

To stay informed about Hillcrest:

Please join our Investor Group on 8020 Connect https://www.8020connect.com/groups/hillcrest-petroleum-ltd for all upcoming news releases, articles, comments and questions.

Additional information can also be obtained by contacting Don Currie toll free at 1-855-609-0006 or visiting 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.

 

Copyright (c) 2017 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia



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Jon MacLeod2 months

Jon MacLeod has joined the group Hillcrest Petroleum Ltd.



 
Don Currie3 months
Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

As previously announced news dated May 12th, 2017, we have contracted a 3rd party Engineering group. HRH has now received some valuable insight from them from the recently completed analysis of the re-activation program. They believe HRH may have additional production potential which could add to our overall production, as detailed in their analysis/report. Once our field staff commences ground work, we will have even more clarity on the potential recommendations from them. We look forward to further updates from the field which we will share with our investor group.


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Jovan Allen3 months

Jovan Allen has joined the group Hillcrest Petroleum Ltd.



 
J Y3 months

J Y has joined the group Hillcrest Petroleum Ltd.



 
David 3 months

David has joined the group Hillcrest Petroleum Ltd.



 
Don Currie3 months
Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

I thought I would share this article. It’s a little bullish, but a good read if you’re on the bullish side of the market.

https://nai500.com/blog/2017/10/light-crude-oil-just-broke-out-now-the-fun-really-begins/



  Disclaimer

Julien Rancourt posted an update in the group HILLCREST PETROLEUM LTD.

Hi Don, does this field update reflect Alberta wells only?


 
Don Currie3 months
Disclaimer

Don Currie posted an update in the group HILLCREST PETROLEUM LTD.

As per previously announced JV agreement (News May 10, 2017), regarding the re-activation of fields in both Saskatchewan and Alberta, I am happy to inform that our corporate plans are now moving forward. Delays pertaining to governmental approvals and legal technicalities involved in these types of asset transactions are now close to being completely resolved. Technical personnel will be in the field this week and operational staff as soon as weather permits. We will be discussing their assessments soon. They will also take pictures and video to share with our shareholders, in our “Investor Group” soon. We are all extremely excited about our re-activation program moving forward and field crew operations commencing.


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Sstan O. 3 months

Sstan O. has joined the group Hillcrest Petroleum Ltd.



 
Dean Winters3 months

Dean Winters has joined the group Hillcrest Petroleum Ltd.



 
forestranger3 months

forestranger has joined the group Hillcrest Petroleum Ltd.



 
chris koll3 months

chris koll has joined the group Hillcrest Petroleum Ltd.