Hillcrest Petroleum Ltd (CVE:HRH)

Hillcrest Petroleum Ltd (CVE:HRH)

Share Price
$ 0.03
0 (0.00 %)
Market Cap
$2.28 m
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Hillcrest Petroleum Ltd

Hillcrest Petroleum Ltd., headquartered in Houston Texas, is a publicly traded independent oil and gas production company. Hillcrest is currently producing and selling oil and natural gas from our main asset located in the shallow waters of Louisiana in the Gulf of Mexico and from onshore wells located in Newton County Texas.

Hillcrest Petroleum Ltd. is focused on adding, creating and...

Market: TSX-V:HRH
52-week High/Low: C$0.06 / C$0.02
Sector: Oil & Gas Exploration & Production
Market Cap: $2.28 m
Website: www.hillcrestpetroleum.com
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Big Picture – A Deep Dive Examination of Hillcrest Petroleum Ltd

Hillcrest Petroleum Ltd Snapshot

Hillcrest Petroleum currently has two focus areas for petroleum development and production:

- Onshore East Texas, in Newton County, where the company is currently producing oil and gas from wells in the Northwest Hartburg Field (Hartburg Project Area)

Hartburg Project Area


Hartburg Project Location












Hillcrest Petroleum, together with its wholly owned subsidiary Hillcrest Exploration Ltd., owns a portfolio of oil and gas leases located in Newton County, East Texas. The leases comprise 288 gross acres of developed lands and 762 gross acres of undeveloped lands.

The Company has to date participated in the drilling, completion and tie-in of four wells within these leases, which lie within the Northwest Hartburg Field area. Hillcrest is the largest working interest owner in the wells, and field operations are managed by a local contract operating company.

The primary reservoir targets for the Company in this area are the Upper Hackberry sand, which tends to be oil bearing, and the Nonion Struma sand, which is primarily gas-bearing with small volumes of hydrocarbon liquids. Both are conventional reservoirs with high quality porosity and permeability characteristics. Total vertical drilling depth to evaluate these reservoirs is approximately 7500 feet. There is also deeper exploration potential within the lease area that the company has identified but has yet to evaluate via drilling.

Drilling and evaluation operations for the primary reservoir targets are typically completed in less than two weeks, and successful wells are tied in for production operations rapidly as the Company takes advantage of the abundant infrastructure available in the area.

The Donner #1 well produces oil under natural flow from the main pay section in the area, the Upper Hackberry sand.

The Donner #2 well produces oil and gas under natural flow from a slightly shallower member of the Upper Hackberry sand section.

The Brown #1 well produces gas under natural flow from the Nonion Struma sand.

The Donner #4 well has been a gas producing well from the Nonion Struma sand, but is awaiting a clean-up and recompletion operation before re-commencing production.

The Company has identified multiple potential additional drilling locations on the leases, and is considering the purchase of 3D seismic to firm up these additional prospects.


Michael Krzus
Executive Chairman, Technical Director

Mr. Michael Krzus brings over 30 years of oil and gas industry experience, including senior executive management and director positions. His experience includes managing and overseeing technical and business aspects of various conventional and unconventional oil and gas assets and liquified natural gas (LNG) projects in the United States, Australia, the Netherlands and Canada, including roles as CEO and Director of operating oil and gas companies.

Mr. Krzus was a director and the founding CEO of Emerald Oil Inc., a New York Stock Exchange listed; operating oil company focused on the Williston Basin, Bakken shale oil play in the USA. Mr. Krzus was CEO and Managing Director of Emerald Oil and Gas NL, an oil and gas company listed on the Australian Stock Exchange. Prior to this, Mr. Krzus enjoyed a 22-year career at Woodside Petroleum Ltd. where he held various managerial and executive positions.

Mr. Krzus holds a Diploma in Oil and Gas Technology from the British Columbia Institute of Technology and a BSc. in Petroleum Engineering from Tulsa University.

Don Currie
CEO and Director

Mr. Donald Currie has been the Chairman and CEO of the Company since February 10, 2010, and a director since July 10, 2010.

Mr. Currie has over 22 years of experience in the oil and gas industry with a focus primarily in the southern United States. From 1994 to late 2014, Mr. Currie held various positions with Enhanced Oil Resources Inc., an oil and gas exploration and production company, including director, officer and VP corporate communications. Mr. Currie has also held various roles in other public ventures involved in the mining industry in South America.

Jason Oden

Mr. Oden graduated from the University of Alberta in Edmonton, Canada with a B.Sc. (Geophysics) and has over twenty five years of experience in domestic and international oil and gas exploration and development.

Mr. Oden started his career as an Exploration Geophysicist with Suncor Inc. in Calgary, working primarily in the Western Canada Sedimentary Basin. He joined BHP Petroleum (later BHP Billiton Petroleum) in 1991and progressed through a number of technical and managerial roles, primarily managing exploration and appraisal projects within offshore basins in Australia, the Gulf of Mexico and West Africa. In 2005 he joined Gulfsands Petroleum Plc, and was most recently Vice President-Exploration with exploration and development projects in North Africa, the Middle East and the Gulf of Mexico.

Susan L. Weber
Vice President, Land & Contracts

Ms. Susan Weber has over thirty years of land management and contract negotiations experience in domestic and international oil and gas exploration and development. She holds a Bachelor of Business Administration degree in Finance from Texas A&M University.

Since 2008, Ms. Weber served as Vice President, Land for Gulfsands Petroleum USA, Inc., handling a variety of petroleum land management functions as well as risk management and acquisitions and divestitures. She joined the company in 2005 as Land Manager with the primary role of managing land administration and contract negotiations related to the company’s Gulf of Mexico (GOM) and onshore Gulf Coast assets. From 1996 until 2004, Ms. Weber progressed through a number of staff and management roles with TransAtlantic Petroleum and El Paso Production Company, primarily involved in oil and gas exploration and development of assets in the GOM while also gaining experience in the domestic onshore and international arenas.

Sean McGrath
Chief Financial Officer

Mr. Sean McGrath is a Chartered Professional Accountant (CPA, CGA) in Canada and a Certified Public Accountant (Illinois) in the United States of America. He has spent the last eighteen years providing financial management and consulting services to publicly traded companies, with primary emphasis in the resource and petroleum industries.

Mr. McGrath is currently the Chief Financial Officer and a Director of Abenteuer Resources Corp., a TSX-V listed oil producer in Canada. He previously served as General Manager of Finance for Minera IRL Limited, a South American gold producer listed on the TSX, BVL and AIM stock exchanges. Prior to this, Mr. McGrath served as the Chief Financial Officer of Columbus Gold Corp. from its initial public offering in 2006 until 2011.

Jon Bey
Corporate Development

Mr. Jon Bey joined Hillcrest Petroleum in February 2015. Mr. Bey has been involved in Corporate Development and Investor Relations with multiple resource and energy companies including: Gulfsands Petroleum, Magnum Energy, DIJLA Petroleum, Eco Oro Minerals, Brazilian Diamonds, and Hidefield Gold. Mr. Bey is the Chairman of the BC chapter of the Canadian Investor Relations Institute and is a certified professional in investor relations (CPIR). Mr. Bey is also the CEO and founder of Steel Rose Communications and founder and Partner at Steel Rose Capital.

Lewis E. Parker

Mr. Lewis Parker is a retired businessman and has served as Director of Enhanced Oil Resources Inc. since February 2007. Mr. Parker has over 35 years of experience in the oil and gas industry and holds a Bachelor of Arts in Chemistry and a Masters of Business Administration, both from the University of Dallas.

Corporate Head Office
3050 Post Oak Blvd, Suite 825
Houston, Texas
United States 77056
Email: [email protected]
Tel: +1 713 626 9564
Fax: +1 713 626 0888

Regional Office
Suite 1410 - 1030 West Georgia Street
Vancouver, BC
Canada V6E 2Y2
Email: [email protected]
Tel: +1 604 609 0006
North American Toll-Free: +1 855 609 0006


Corporate Contact

Don Currie, Chairman & CEO
Email: [email protected]
Tel: +1 604 609 0006

Corporate Head Office
3050 Post Oak Blvd – suite 825
Houston, Texas
United States 77056

Regional Office
Suite 1410 - 1030 W Georgia Street
Vancouver, BC
Canada V6E 2Y2

Legal Counsel
McMillan LLP
1500 Royal Centre
1055 West Georgia Street
Vancouver, BC
Canada V6E 4N7

Price Waterhouse Coopers
Suite 700, 250 Howe St
Vancouver, BC
Canada V6C 3S7

Stock Exchange

Transfer Agent
Computershare Canada
510 Burrard Street
Vancouver, BC
Canada V6C 3A8

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