Hillcrest Resources Ltd.
Hillcrest Resources Ltd. (TSX.V:HRH) is focused on oil and gas exploration and production in onshore basins of The United States. The Company currently has oil and natural gas production from fields located in Newton and Polk Counties in southeast Texas.
The Company's Newton County acreage (Hartburg Field area) currently contains 4 producing wells,
Donner #1 - oil producer
Donner #2 - natural gas producer
Donner # 4 - natural gas producer
Brown #1 - oil and natural gas producer
Hillcrest Resources Ltd. owns a working interest position in 600 gross acres in Newton County, and is the largest working interest holder in the Hartburg Field area. The Company is reviewing all available data with the objective of the further development of this acreage. Based on the current interpretation of the data and well production performance, the Company believes that the acreage contains multiple additional drilling locations.
Hillcrest Resources Ltd. also owns a 30% working interest in approximately 400 acres in Polk County Texas, within the Livingstone Field area. The Livingstone Field asset has recovered all purchase costs and contributes to the Company's monthly revenue stream.
Hillcrest Resources Ltd. is focused on creating and increasing value through the exploration for, and development of, oil and gas assets in the United States and Canada.