logo-loader
Hillcrest Petroleum Ltd

Hillcrest Petroleum "sticking a flag" in Louisiana

Don Currie, CEO of Hillcrest Petroleum (CVE:HRH, OTCQB:HLRTF), admits the Texas and Gulf of Mexico-focused oil producer has had to make some tough decisions in response to the tougher environment for energy companies, but it is not completely going into its shell.
Targeting producing assets deemed too small to bother with by the majors or “fire sale” assets from overstretched producers, Hillcrest recently signed a deal that could see it earn a 75% working interest in 6,200 acres located in a well-established hydrocarbon producing area of Louisiana. Currie said the acreage presents a chance to “plant a flag in the area”, establish a reputation as a competent operator, and grow from there.

Quick facts: Hillcrest Petroleum Ltd

Price: $0.03

Market: TSX-V
Market Cap: $2.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Hillcrest Petroleum Ltd named herein, including the promotion by the Company of Hillcrest Petroleum Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Hillcrest Petroleum hits Milestone at West Hazel oil project

Hillcrest Petroleum (CVE:HRH-OTC: HLRTF) CEO Don Currie sat down with Steve Darling from Proactive Vancouver to share news the oil and gas company has hit a major milestone at their West Hazel project in Saskatchewan, Canada. Currie telling Proactive how many barrels a day they are up to...

1 week, 3 days ago

2 min read