Hillcrest Petroleum Ltd.

Hillcrest Petroleum announces the Company has completed a transaction to divest of the Company interests in two Gulf of Mexico properties. This transaction was completed with the objective of removing onerous Asset Retirement Obligations that were deemed too large to be covered through a declining production and revenue stream and is consistent with the Company's strategic objective of focusing on conventional onshore oil [...]

Hillcrest Petroleum is pleased to announce the Company has completed the transaction for the right to earn 75% working interest in 6200 acres located in the State of Louisiana. As previously announced July 11th, 2016, Hillcrest signed a Letter of Intent with an arms-length vendor whereby the Company will have the right to earn a 75% Working Interest in 6,200 acres located in the Project Area. The acreage is within a well [...]

VANCOUVER, B.C. / TheNewswire / July 11, 2016 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") is pleased to announce the Company has signed a Letter of Intent ("LOI") with an arms-length vendor whereby the Company will have the right to earn a 75% Working Interest in 6,200 acres located in the state of Louisiana ("Project Area"). The acreage is within a well established hydrocarbon producing area, and [...]

VANCOUVER, B.C. / TheNewswire / December 16, 2015 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") is pleased to announce the Company has secured a line of credit ("Line of Credit") initiated and secured by a third party (the "Lender") and held at the Canadian Imperial Bank of Commerce ("CIBC"). The Line of Credit has an initial limit of CDN$400,000 and may be increased to CDN$1,000,000 at the sole discretion of [...]

VANCOUVER, B.C. / TheNewswire / November 25 2015 - Hillcrest Petroleum Ltd. ("Hillcrest" or the "Company") is pleased to announce the Company has qualified for, and commenced trading on, the OTCQB Venture Market. OTCQB is part of the OTC Markets Group based in the United States of America ("U.S.A."). Hillcrest has been approved for and is now trading on the OTCQB under the symbol "HLRTF". U.S.A. investors can find current [...]

VANCOUVER, B.C. / TheNewswire / November 11, 2015 - Hillcrest Petroleum Ltd. (the "Company") announces that it intends to proceed with a private placement offering (the "Offering") of debentures (the "Debentures") at a price of CDN$25,000 per Debenture for maximum gross proceeds of CDN$1,000,000. The Debentures will be repaid over a period of three (3) years from the last day of the month following the month of issuance [...]

HOUSTON, TEXAS / TheNewswire / August 27 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSX-V: HRH US Symbol: HLRTF) is pleased to offer the following update. Production operations from the Company's onshore Texas and shallow water Gulf of Mexico offshore oil and gas assets continue to be profitable and provide reliable revenue streams. Production from our shallow water assets located in the Gulf of Mexico [...]

HOUSTON, TEXAS / TheNewswire / August 19 2015 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSX-V: HRH US Symbol: HLRTF) is pleased to announce the election of Michael Krzus as Executive Chairman of the Company effective immediately. Mr Krzus has been a director of the Company since January 2014. Donald Currie, who has held the roles of CEO and Chairman since the company's formation in 2008, will remain as [...]

HOUSTON, TEXAS / TheNewswire / August 17 2015 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSX-V: HRH US Symbol: HLRTF) is announcing the non-binding letter of intent for the sale of the Company's working interest in its four oil and gas wells in Newton County, Texas will not be extended due to the buyer's inability to close within a reasonable timeframe due to funding issues. Terms of the LOI included a [...]

HOUSTON, TEXAS / TheNewswire / July 31 2015 - As previously announced July 6, 2015 Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSX-V: HRH US Symbol: HLRTF) executed a non-binding letter of intent for the sale of the Company's working interest in its four oil and gas wells in Newton County, Texas. Terms of the LOI included a purchase price of USD$885,000, with an effective date of July 1, 2015 and a closing [...]