Hillcrest Petroleum Ltd.

Hillcrest Petroleum Ltd. is pleased to announce the Company has signed a Financial and Advisory Services Agreement with a New York based capital and advisory firm. The agreement outlines the scope of work will include but is not limited to: - Advisory work on corporate and financial strategies, Introduction to potential business or institutional entities with interest or ability to partner in Hillcrest projects, - Advice [...]

Hillcrest Petroleum Ltd. is pleased to announce that its previously announced US Licensing Agreement with Oropass Ltd. has been executed, enabling development, licensing, and marketing of US patented, electricity generation and electric motor technologies. Hillcrest will contribute a minimum of Three Hundred Thousand and up to Five Hundred Thousand Dollars for the development of the technology, anticipated to be paid to [...]

Hillcrest Petroleum Ltd. is pleased to announce the Company has signed a term sheet with a New York based firm for a CDN $5,000,000 convertible loan. Hillcrest announced July 14th that The Company was evaluating a funding proposal which would allow it to potentially access up to $5 million for West Hazel field development activities and the funding was conditional on Hillcrest purchasing the JV partners working interest [...]

VANCOUVER, B.C. - Hillcrest Petroleum Ltd. , , , is pleased to announce the Company has signed a term sheet with a New York based firm for a CDN $5,000,000 convertible loan. Hillcrest announced July 14th that The Company was evaluating a funding proposal which would allow it to potentially access up to $5 million for West Hazel field development activities and the funding was conditional on Hillcrest purchasing the JV [...]

VANCOUVER, B.C. - Hillcrest Petroleum Ltd. , , is pleased to announce the non-brokered private placement of up 20,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 has been oversubscribed resulting in 20,442,000 units being purchased for a total of $1,022,100.00. Each Unit consists of one common share and one-half of a share purchase warrant . Each whole Warrant will be [...]

Hillcrest Petroleum Ltd. , updates our shareholders that both parties involved in the Licensing agreement of US Patented, electrical generation technology, have agreed to extend the closing date from August 1st to August 10th, 2020. The parties do not anticipate the need for further extensions. Upon the agreements being signed, the parties will schedule meetings with various parties who have interest and potential need of [...]

Vancouver, B.C. - Hillcrest Petroleum Ltd. , is pleased to announce it will increase its working interest percentage in the West Hazel field to 100% by acquiring the remaining working interest its Joint Venture Partner. The agreement in principle is effective July 29th and is subject to approval by the TSX Venture Exchange. Hillcrest is acquiring the joint venture partner's interest in exchange for three million Hillcrest [...]

Hillcrest Petroleum Ltd. announces a non-brokered private placement of up 20,000,000 units of the Company at a price of $0.05 per Unit for a gross proceeds of up to $1,000,000 . Each unit consists of one common share and one-half of a share purchase warrant . Each whole Warrant will be exercisable into an additional common share of the Company at a price of $0.07 per share for a period of two years. All securities issued [...]

Vancouver, B.C. - Hillcrest Petroleum Ltd. , is pleased to announce that it has received conditional approval from the TSX Venture Exchange of the implementation of an early warrant exercise incentive program intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants of the Company held by warrant-holders, previously announced in a news release of the Company dated July 13 [...]

Vancouver, B.C. - Hillcrest Petroleum Ltd. , is pleased to update our shareholders on developments at our West Hazel asset. Oil production re-commenced at West Hazel, after a brief shut in period in April/May due to low oil prices related to COVID's effect on worldwide oil demand. Daily production rates are stabilizing and still below those when production operations were suspended, but field operations are profitable [...]