Hillcrest Petroleum Ltd.

VANCOUVER, B.C. - Hillcrest Petroleum Ltd. , has expanded the Company's involvement and responsibilities within the ALSET partnership for the US Licensing and European Union marketing and deployment agreements. The partnership will exclusively license, market and deploy US patented technology in the US and EU and is expected to expand the markets as opportunities arise. ALSET Innovations Ltd. is a private incorporated [...]

Hillcrest Petroleum announces that pursuant to blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada as a result of the COVID-19 pandemic, Hillcrest is postponing the filing and delivery, as applicable, of the following continuous disclosure documents of the Company: The annual financial statements for the year ended December 31, 2019, as required by Part 4 of [...]

Hillcrest Petroleum Ltd. has secured exclusive rights under a Memorandum of Intent to market and deploy US patented technology in the European Union. The Technology has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced an exclusive arrangement to market licenses for this patented technology in the United States [...]

Hillcrest Petroleum is pleased to announce production from the Saskatchewan based West Hazel assets re-commenced on May 19th, 2 weeks earlier than originally anticipated. The Company originally intended to re-start production in June, subject to economic oil pricing. The realized price for West Hazel oil is now at profitable levels and the Company has taken the opportunity to sell oil inventory stored on site and [...]

Hillcrest Petroleum, has signed a Memorandum of Intent securing an option to market licensing in the European Union for patented, technology which has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced co-licensing of this same patented technology in the US. Potential applications include electric vehicles and power [...]

Hillcrest Petroleum is pleased to announce its intention to restart production from the Saskatchewan based West Hazel assets and commence oil sales at the beginning of June. Hillcrest has nominated firm oil sale volumes for June and intends to test spot sales during May, subject to oil pricing and oil export capacity. Hillcrest successfully reduced operating expenses by approximately 25% by electrifying field operations [...]

Hillcrest Petroleum Ltd. is pleased to announce that Hillcrest and its partner have agreed to form an incorporated joint venture that will market the previously announced USA licensing agreements through the jointly owned company. The corporate entity will result in each Partner holding a 50% ownership. The creation of the incorporated joint venture follows the signing of the LOI and the cash deposit which under the terms [...]

Hillcrest Petroleum Ltd. - announces the postponement of filing its audited annual financial statements for the year end December 31, 2019 due to logistics and delays caused by COVID-19. The Company will invoke the British Columbia Securities Commission BC Instrument 51-525 for temporary exemption from certain corporate finance requirements. Pursuant to BCI 51-525, the Company is relying on the relief therein for its [...]

further to our press release of April 23rd, 2020, Hillcrest Petroleum Ltd. is pleased to report that the cash deposit required to secure the exclusive right to partner with Oropass Ltd, has been made. The partnership will jointly monetize USA licensing rights granted to Oropass by the owner of the IP, for its patented electrical generation technology, subject to Hillcrest providing additional funding up to $CAD 500,000 by [...]

Hillcrest Petroleum Ltd. has signed a Letter of Intent for an option to co-market licensing in the USA for a patented, electrical generation technology which has been demonstrated to improve electrical generation efficiencies by up to 80% with potential application in electric vehicles and power generation applications. Hillcrest has partnered with Oropass Ltd, an Ontario registered company, holding U.S. licensing rights [...]