Hillcrest Petroleum Ltd., is a publicly traded independent oil and gas production company headquartered in Vancouver, British Columbia, Canada.Hillcrest Petroleum Ltd. plans to deliver value growth for its shareholders by acquiring and operating north American conventional oil and gas assets, focusing primarily on Canadas Western Sedimentary Basin. Targeted acquisitions must demonstrate substantial development upside with the potential to deliver multiples of the acquisition price within 2 to 4 years. The current state of the Canadian oil and gas industry, after a period of sustained low oil prices, presents numerous undervalued properties for potential acquisition and development in a low cost service environment.Hillcrest Petroleum Ltd. shares are publicly traded on the TSX.V under the symbol HRH and in the USA under the symbol HLRTF.
Corporate Social Responsibility
At Hillcrest Resources Ltd., we conduct our business with corporate responsibility and sustainability in mind. We adhere to the highest performance and ethical standards possible. We conduct our business decisions in a conscientious manner, always addressing environmental and social concerns and respecting community values and stakeholder interests. We strive to protect our environment and its communities, safeguarding the health and well-being of employees, contractors and local residents.
Hillcrest announced a Joint Venture Agreement with a private Canadian oil and gas company on 10 May, 2017 whereby Hillcrest will earn an initial 75% Working Interest to operate and re-establish 200 to 400 barrels of oil per day production from two petroleum assets located in Western Canada. Production operations are planned to commence in the first quarter of 2018.
Hillcrest has also entered agreements to re-start a number of individual shut in oil wells and is active in discussions to acquire additional properties to add substantial company growth in 2018.
In addition, on 25 January 2018, Hillcrest announced it has signed an engagement letter with Entoro Capital LLC to establish a digital or crypto currency Initial Coin Offering (“ICO”) to create an asset backed energy security coin offering that will utilize the best of breed blockchain technologies for the Canadian energy market. The Company intends to use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors.Hillcrest Petroleum Ltd. shares are publicly traded on the TSX.V under the symbol HRH and in the USA under the symbol HLRTF.
Company Name | Hillcrest Petroleum Ltd. |
Business Category | Oil & Gas |
Address | Suite 1300 1030 West Georgia Street Vancouver British Columbia Canada ZIP: V6E 2Y3 |
President | NA |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
Phone Number | Locked content | Subscribe to view |
Fax Number | Locked content | |
Locked content | ||
Website | Locked content |
Name | Position | Contact Details | Subscribe to view |
*** | Chairman & CEO | Locked content | |
*** | Executive Chairman, Technical Director | Locked content | |
*** | COO | Locked content | |
*** | Chief Financial Officer | Locked content | |
*** | Consultant and former Director | Locked content |