TSX-V Symbol HRH
Montana Projects
Hillcrest Resources has acquired and holds over 28,000 acres in the Alberta Basin Bakken Fairway, located within Pondera and Teton counties in northwest Montana. There is one producing well on the company’s Tulla acreage. The company will commence seismic surveying in Q1 followed by an exploration program late Q2-early Q3. Hillcrest's Montana prospects have multi-zone oil potential (Bakken, Sunburst, Madison, Nisku, Duperow, Swift). Montana is experiencing an oil boom similar to the recent exploration frenzy in the Williston Basin of North Dakota. Hillcrest Resources has positioned itself to participate in the boom through acquisition of acreage followed by exploration and potentially production.
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The Hartburg Project
Hillcrest Resources Ltd, drilled and completed a well in the Hartburg Field in Newton County Texas which is approximately five miles southwest of Deweyville Texas. The Donner #1 well produces oil from the Lower Hackberry Formation and has gas potential in various sands.
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Livingston Property
On December 10, 2009, the Company purchased from Nadsoilco LLC a 30% gross working interest and a 22.5% net revenue interest in 214 contiguous acres ...
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VANCOUVER, B.C. – March 21, 2012. VANCOUVER, B.C. – Hillcrest Resources Ltd. (the “Company”) announces that further to the Company’s news releases of February 2, 2012, February 24, 2012 and March 8, 2012 and in connection with the closing of the first tranche of the private placement of units (the “Units”) at $0.18 per Unit (the “Offering”), the Company wishes to clarify that the warrants issued by the Company to Fin-XO Securities Inc. (the “Finder”) as Finder’s fees for the purchase of up to 111,600 common shares in the capital of the Company (the “Shares”), have an exercise price of $0.18 per Share and are exercisable until February 28, 2014.
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VANCOUVER, B.C. – March 8, 2012 VANCOUVER, B.C. – Hillcrest Resources Ltd. (the “Company”) is pleased to announce that it has closed the first tranche of the non-brokered private placement of Units (the “Offering”) previously announced in its news releases of February 2, 2012 and February 24, 2012.
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VANCOUVER, B.C. – February 24, 2012. VANCOUVER, B.C. – Hillcrest Resources Ltd. (the “Company”) is pleased to announce that further to the Company’s news release of February 2, 2012 announcing the non-brokered private placement of up to 10,000,000 units at $0.18 per unit (the “Private Placement”), the Company has received subscriptions for $500,000 which will be closed as a first tranche of the Private Placement. Additional subscriptions and a second tranche closing of the balance of the Private Placement are anticipated to be closed on or before March 16, 2012.
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