Hillcrest Petroleum Ltd.

Hillcrest Petroleum is pleased to announce that the Company has submitted the license documents to the Provincial Regulator that are required in order to commence the re-development of the West Hazel oil pool , located in Western Saskatchewan. Regulatory approval is expected before the end of April after which the Company will undertake field operations with the objective of restoring oil production from the Field to [...]

Hillcrest Petroleum is pleased to provide the following update on the Company's development and production operations in Saskatchewan. Hillcrest previously announced that production from the 16-13 well was restored in early January of this year. Reported daily production from the well was approximately 19 barrels of oil per day during January, increasing slightly to 20 bopd during February. Cumulative reported oil [...]

Hillcrest Petroleum announces that further to its news release of February 6, 2018, the Company has closed the first tranche of the non-brokered private placement of units of the Company at $0.05 per Unit. The first tranche closing consisted of 8,792,000 Units, for gross proceeds of $439,600. Each Unit consisted of one common share in the capital of the Company plus one-half of one common share purchase warrant. Each [...]

Hillcrest Petroleum it has, due to market conditions, reduced the price of its non-brokered unit private placement from $0.07 per unit to $0.05 per unit. Up to 10,000,000 units will be issued for gross proceeds of up to $500,000. Each unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at a price of $0.10 per share for a [...]

Hillcrest Petroleum is pleased to offer a clarification to our news release of January 25th, in which the Company announced an engagement agreement with Entoro Capital, LLC headquartered in Houston to undertake a potential digital currency Initial Coin Offering. The ICO being considered is intended to be an asset-backed energy security coin offering that will utilize the best of breed blockchain technologies for the [...]

Hillcrest Petroleum is pleased to announce the Company has signed an engagement agreement with Entoro Capital, LLC headquartered in Houston, Texas to establish a digital or crypto currency Initial Coin Offering . The focus will be on an asset backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market. Hillcrest engaged Entoro as the Company's agent to [...]

Hillcrest Petroleum is pleased to update the Company's production and well workover operations currently underway in Saskatchewan. Daily oil production from the 16-13 well has increased from 22 barrels of oil per day as announced on January 3, 2018 to an average reported value of 35 bopd over the last 7 days of production. Although the cold weather has had an impact on operations, the current production numbers are in [...]

Hillcrest Petroleum has amended the previously announced non-brokered private placement to increase it to 7,500,000 units at $0.07 per unit for gross proceeds of $525,000. The remaining terms of the financing remain unchanged wherein each unit will consist of a common share of the Company and one half of a common share purchase warrant. Each whole share purchase warrant will be exercisable into a common share at a price [...]

Hillcrest Petroleum is pleased to provide the following production operations update from the Flaxcombe Field area, located in Western Saskatchewan. These operations are being undertaken in conjunction with our joint venture partner, Westcore Energy Ltd. . These operations represent the start of hydrocarbon production for Hillcrest in the Province of Saskatchewan. The previously announced production well workover and [...]

Hillcrest Petroleum is pleased to announce the results of the Company's annual general meeting that was held December 15, 2017. Shareholders of Hillcrest overwhelmingly voted in favour of all of resolutions presented at the meeting: 1.The board of directors were elected as follows -Michael Krzus, Executive Chairman; -Donald J. Currie, Chief Executive Officer; -David M. R. Stone: -Thomas G. Milne; and -Robert Lambert [...]