Hillcrest Petroleum Ltd. is pleased to announce that, further to its shareholder update dated January 25th, 2021, a short-lateral oil well was successfully drilled from an existing well site in the Company's West Hazel oil field and is now on production. Hillcrest utilized available cash on hand to complete this drilling operation. Early fluid production numbers are positive with the well producing an average of [...]
Hillcrest Petroleum Ltd. announces that further to its news releases dated March 8, 2021 and September 8, 2020, the Company has received confirmation from the Canadian Securities Exchange that the common shares of the Company are expected to commence trading on the CSE under the symbol "HEAT" at the opening of the market on March 31, 2021. The Company has requested that its Shares be voluntarily delisted from the TSX [...]
Hillcrest Petroleum Ltd. is pleased to announce that, further to its news release dated September 8th, 2020 in respect of the Company's plans to delist its common shares from the TSX Venture Exchange and move its listing to the CSE, the Company has now received conditional approval to list on the CSE. Further the Company has filed an application to delist the Shares from the TSXV. The Company will provide a further news [...]
Hillcrest Petroleum Ltd. is pleased to provide the following shareholder update on the status of key Company initiatives. Hillcrest is actively working to complement our current oil and gas business with clean energy technology opportunities, funded to date in large part from oil production revenues. Identifying and progressing early-stage prospects at minimum cost, has provided Hillcrest with a portfolio of clean energy [...]
Hillcrest Petroleum Ltd. announces that it has closed a non-brokered private placement of up 25,340,000 units of the Company at a price of $0.05 per Unit for gross proceeds of up to $1,267,000 . Each unit consists of one common share and one share purchase warrant. Each Warrant will be exercisable into an additional common share of the Company at a price of $0.10 per share for a period of two years. The subscribers to the [...]
Hillcrest Petroleum Ltd. At the request of IIROC the company is providing a news release in connection with increased trading volume of the common shares of the Company The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time. The Company will keep the market informed as required. Donald Currie Chief Executive Officer and Director For [...]
Hillcrest Petroleum Ltd. has signed a Memorandum of Intent with ANIGO Technologies Inc. outlining a licensed technology transfer arrangement whereby the Parties intend to jointly develop new IP based on ANIGO's proven electric machine control technology software. The resulting new IP will incorporate ANIGO's existing IP and is expected to provide a substantial platform for future IP to be developed by Hillcrest, as it is [...]
Hillcrest Petroleum Ltd. has signed a Letter of Intent with Extreme Vehicle Battery Technologies Corp. , to form a joint venture whereby each party contributes their respective clean energy IP, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle and energy storage solutions markets [...]
Hillcrest Petroleum Ltd. is pleased to announce that Ari Berger has been appointed to Hillcrest's executive team as General Manager Technology Development. Having previously acted in an advisory capacity, Mr. Berger will now assume the role of Hillcrest's inhouse Chief technology Consultant, responsible for building, developing and overseeing Hillcrest's clean energy technology initiatives. Mr. Berger's immediate focus [...]
Hillcrest Petroleum Ltd. is pleased to announce that, effective Monday October 19th, it has been invited to trade on the OTCQB in the United States. The company will trade under the symbol HLRTF in the US. "Being approved and invited to trade on the OTCQB is a key step in the company's objective of accessing a potentially wider investor base." states Don Currie, Hillcrest CEO. "Expanding and transitioning the company from [...]
Hillcrest Petroleum Ltd. is pleased to announce that it has expanded its executive team and engaged Ari Berger as Chief Technology Advisor. Mr. Berger is an expert in electric motor control technologies with specific expertise in system engineering. Mr. Berger's latest position was as the Chief Technology Officer at Exro Technologies Inc, a TSX.V listed electromotive technology company. He is the owner of NIG Systems Ltd [...]
Hillcrest Petroleum Ltd. is pleased to provide the following update to our shareholders covering numerous company initiatives and financial results. ALSET Innovation Hillcrest received conditional approval from the TSX.V, for the previously announced ALSET licensing agreement, pursuant to which Hillcrest was granted a license over the ALSET technology by Oropass Ltd., during the last week of August and has met the [...]
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