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.
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:
Founded date:
2006
Additional links
Team members (8)
Michael Krzus
Executive Chairman, Technical Director
Don Currie
CEO and Director
Dale Miller
COO
Jason Oden
VP New Business
Sean McGrath
Chief Financial Officer
David Stone
Director (Independent)
Tom Milne
Director (Independent)
Robert Lambert
Director (Independent)