VANCOUVER, B.C. September 9, 2013 - Hillcrest Resources Ltd. (the "Company" or Hillcrest") (TSX.V : HRH) is pleased to announce that the Company has entered into a Letter of Intent (the "Letter of Intent") with Nelan Advisors Corporation ("Nelan") pursuant to which Nelan has the right to farm in to a 50% working interest in the Company's oil and gas interests and related rights to the oil and gas leases (the "Muddy Creek [...]
VANCOUVER, B.C. August 22, 2013 - Hillcrest Resources Ltd. (the "Company" or Hillcrest") (TSX.V : HRH) is pleased to announce the Company has signed a definitive agreement with West Bakken Holdings Ltd. The definitive agreement follows the previously announced LOI (July 24, 2013) between the two companies. The total agreement, when completed, includes 50% ownership in the oil and gas interests and properties and related [...]
NOT FOR U.S. DISTRIBUTION VANCOUVER, B.C. July 24, 2013 - Hillcrest Resources Ltd. (the "Company" or Hillcrest") (TSX.V : HRH) is pleased to announce the Company has entered into a Letter of Intent with West Bakken Holdings Ltd giving them the right to farm in to the working interest of Hillcrest Resources Ltd. The farm in, when completed, includes 50% ownership in the oil and gas interests and properties and related [...]
(via Thenewswire.ca) TSX-V: HRH VANCOUVER, B.C. - Hillcrest Resources Ltd. (the "Company") - Further to its news releases of June 11 and July 10, 2013, the Company is pleased to announce that it has closed the initial draw of $1,000,000 (the "Initial Draw") pursuant to a senior secured loan facility (the "Loan Facility") of up to $2,000,000 arranged with Ascendant Securities Inc. ("ASI") on behalf of a group of [...]
Hillcrest Resources Further to its news release of June 11, 2013, the Company has arranged a senior secured loan facility of up to $2,000,000 with Ascendant on behalf of a group of clients of ASI. Pursuant to the Loan Facility, the Company is proposing to issue and sell up to $2,000,000 principal amount of senior secured debentures of the Company at a price of $1,000 per Debenture. The Debentures bear interest at a rate [...]
Hillcrest Resources is pleased to announce the Company has entered into an engagement agreement with Ascendant Securities Inc. of Toronto Canada for the establishment of a $2 million senior secured development facility to be utilized to drill and complete up to two wells on the Company's Newton County Texas lease properties. The development facility is non dilutive to the Company's shareholders and, subject to the success [...]
Hillcrest is pleased to announce the natural gas production of the Donner #2 well located in Newton County Texas has increased by over 36% from August to end of October. Donner #2 produced natural gas at an average of 530,000 cubic feet per day (0.53 mmcfpd) from the Nonian Struma reservoir in October. Production averaged 389,000 cubic feet per day (0.39 mmcfpd) in the month of August. In addition to the increase in [...]
Hillcrest is pleased to announce the Company has requested preparation of an Authorization for Expenditure and completion of regulatory approvals for the drilling of a third development well within the Hartburg property of Newton County Texas. Donner #3 is designed as a deviated well, with the surface location located on the previously constructed Donner #2 well pad. The well will be directionally drilled to a total [...]
Hillcrest is pleased to announce Mr. Tom Milne has agreed to join the Board of Directors of the Company. Mr. Milne has been involved in petroleum, petrochemicals, pipelines and oil sands businesses for over 30 years. He has been instrumental in the building, financing and corporate governance of a number of public entities including Big Sky Energy, Newton Energy, Synenco Energy, Oilsands Quest and Canshale Corporation [...]
Hillcrest is pleased to announce that the Company has increased its land position in the emerging Bakken play in western Montana to approximately 27,000 acres following the closing of the purchase of 12,333 acres in Teton and Pondera Counties, Montana from Bakken Oil Holdings LLC, a Montana limited liability company.