12 01-29 hrh new fact sheet (2)
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Transcript of 12 01-29 hrh new fact sheet (2)
Investment Highlights TSX.V - HRH
Diversified multiple plays• 28,000 acres located within the Southern Alberta Basin Bakken Fairway in NW Montana• Two projects in Texas with working interest production on 8 wells• Over 120,000 acres in the Pedergosa Basin, Arizona
Exploration Focus• Multi-zone formations in Pondera-Teton prospects, Montana• Drill locations in Montana and Texas to be identified in 2012• 2D & 3D seismic surveys planned for Montana & Texas properties• Exploration in Montana and Texas to commence in Q2 of 2012
Production Focus• Stable cash flow• Current production totals more than 90 boepd• Workover programs on existing wells in Texas & Montana designed to increase production and revenues
Strategic Projects • Hillcrest’s Alberta Basin Bakken land base is in proximity to Rosetta Resources, Newfield Exploration Resources and Primary Petroleum
HILLCREST - IDENTITY BURST! CREATIVE GROUP
CONCEPT
Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.
Primary logo
Secondary logo
Montana Prospects Overview
• 28,000 acres, strategically located within the Alberta Basin Bakken Fairway (an emerging oil play)
• Additional potential in multiple additional zones (Sunburst, Madison, Nisku, Duperow)• Largeacreagepositionsecured,monitoringsignificantoffsetactivity• Purchaseandacquisitionof2D&3Dseismicinearly2012;continuegeologicstudies
to develop prospects• UnconventionalwellplannedforQ2of2012
Southern Alberta Basin ParticipantsCompany Symbol Market Cap
Stone Energy SGY.Z $1.3BRosetta Resources ROSE.Q $2.45 BNewfieldExploration NFX.Z $5.19BQuicksilverResources KWK.Z $1.18B
MONTANA
Wood Mackenzie Research & Consulting predicted that the Bakken formation in Alberta & northern Montana could contain 2.6 billion barrels of recoverable oil
Hillcrest’s Teton & Pondera Counties - Montana
HILLCREST - IDENTITY BURST! CREATIVE GROUP
CONCEPT
Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.
Primary logo
Secondary logo
Corporate
Hillcrest Resources Ltd.#303-750WestPenderStreetVancouver, British ColumbiaCanadaV6C2T7
Telephone:604.609.0006Tollfree:855.609.0006
Web: www.hillcrestresources.comEmail:[email protected]
ContactDon CurrieCEO&DirectorTel:604.609.0006(Vancouver,BC)Email:[email protected]
Jason OdenPresident&Director(Houston,Texas)Email:[email protected]
Share ListingTSX.V: HRH
Share Capital (as at December 9, 2011)SharePrice52week $0.13-$0.33SharesOutstanding 34,644,433WarrantsOutstanding 6,283,000OptionsOutstanding 2,700,000Fully Diluted Shares Outstanding 43,627,433Market Cap $6.5 Million
Disclaimer Certain information regarding the Companycontained herein may constitute forward-looking statementswithinthemeaningofapplicablesecuritieslaws. Forward-lookingstatementsmayincludeestimates,plans,expectations,opinions,forecasts,projections,guidanceorotherstatementsthatarenotstatementsoffact.AlthoughtheCompanybelievesthattheexpectationsreflectedinsuchforward-lookingstatementsarereasonable,itcangiveno assurancethatsuchexpectationswillprovetohavebeen correct. The Company cautions that actual performancewillbeaffectedbyanumberoffactors,manyofwhicharebeyondtheCompany’scontrol,andthatfutureeventsand resultsmayvary substantially fromwhat the Company currently foresees. Discussion of the various factors thatmay affect future results is contained in the Company’sAnnualReportwhich isavailableatwww.se-dar.com.TheCompany’s forward lookingstatementsare expressly qualified in their entirety by this cautionary statement.
ManagementDon Currie, Chairman• Over20yearsexperienceinoil&gasindustryworkingformajorand
small public companies• Since1994,Director&VPPublicCommunicationsofEnhancedOil
ResourcesInc.,anoil&gasexplorationandproductioncompany• ServedasManagerofCMDServicesLtd.from1992to2005andis
currentlyadirectorofElectricMetalsInc.
Jason Oden, President• AlicensedProfessionalGeophysicistholdingaBachelorofSciencefrom
theUniversityofAlberta• 25yearsexperienceindomestic&internationaloilandgasexploration• ServedasVP,ExplorationforGulfsandsPetroleum,anindependentoil&
gas company based in the UK• FormerExplorationManagerforBHPBillitonPetroleuminPerth,Australia
&Houston,Texas
Martin Wood, Director• Over12yearsexperienceinLondonbanking&financialcommunity
workingforN.MRothschild,StandardBankLondon&BenfieldGroup• Hasworkedonover$2Bworthoftransactionsfortheresourcesector• EstablishedVicarageCapitalLtd.-aprivatelyownedcorporate
development,investorrelationsandstockbrokingfirmfocusedon supporting small and mid cap natural resource companies
David Stone, Director (Independent)• Professionalengineerwithover30yearsexperienceinminingindustry
evaluating projects• HoldsaBachelorofAppliedSciencefromtheUniversityofBritish
Columbia,aPh.D.inCivilEngineeringfromQueensUniversity&an ExecutiveMastersofBusinessAdministrationfromQueensUniversity
• CurrentPresidentofMinefillServicesInc.anddirectorofBossPowerCorp.,SouthernArcMinerals,SuperiorMiningInternationalCorp.& ElectricMetalsandformerDirector/CEOofAdanacMolybdenumCorp.
OverviewHillcrestResourcesLtd.(TSX.V:HRH)isaCanadian-basedexploration,acquisitionandproductioncompanyfocusedonthedevelopmentofoilandnaturalgaswithintheprolificAlbertaBakken,MontanainadditiontoprojectsinTexasandArizona.
Thecompanyhasdrilledandcompletedtwowells(Donner1&2)inNewtonCounty,Texaswhichhavebeenproducingatarestrictedrateof72barrelsofoilperday.AdditionalgassalestooccurlateinFebruary2012.
Hillcresthasalsorecentlyacquiredapproximately28,000acreswithintheAlbertaBakkenBasininPondera-TetonCounty,NorthwestMontana.ThePondera-TetonCountyProspectcontainsoneproducingwellwithproductionat15boeperday.2Dand3DseismicsurveysareplannedforQ2andQ3of2012followedbyexplorationanddrilling.
Additionally,thecompanyowns30%ofanareaplayintheLivingstoneprojectlocatedinPolkCounty,Texas.Livingstonehasminorproductionanddoescontribute positive net revenue on a monthly basis. The company is currently evaluatingthepropertyandhasstartedreworkingsomeofitsproducingwells.
Hillcrestholdsa120,000acreprospectinArizonalocatedwithinthe Pedregosa Basin. It has the intent and objective to build company revenues throughtheexplorationofoilandgaspropertiesthroughouttheUnitedStates.
HILLCREST - IDENTITY BURST! CREATIVE GROUP
CONCEPT
Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.
Primary logo
Secondary logo
HILLCREST - IDENTITY BURST! CREATIVE GROUP
CONCEPT
Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.
Primary logo
Secondary logo