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Hillcrest Petroleum

Oil and gas production company headquartered in Canada

Description

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 Canada’s 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 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 150 to 250 barrels of oil per day production from petroleum assets located in Western Canada. Production operations are planned to commence in 2018.

General information

Issuance platform:
The platform implements the technical and legal part of the release of the STO.

Legal

Company name:
Hillcrest Petroleum Ltd
Country of incorporation:
Company address:
Suite 1300 - 1030 West Georgia Street Vancouver, BC Canada V6E 2Y3
Founded date:
2006

Additional links

Team members (8)

team
Michael Krzus
Executive Chairman, Technical Director
team
Don Currie
CEO and Director
team
Dale Miller
COO
team
Jason Oden
VP New Business
team
Sean McGrath
Chief Financial Officer
team
David Stone
Director (Independent)
team
Tom Milne
Director (Independent)
team
Robert Lambert
Director (Independent)

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