Feb 5, 2020
Hello Valued Readers,
Wow! Hillcrest (TSXV:HRH) is already up over 14% this morning on growing volume following MAJOR NEWS released by the company just a few minutes ago!
And this could be just the beginning...
We told you it looked like Hillcrest (TSXV:HRH) was starting to “tell their story to the investment community” to spread awareness of their recent operational and revenue growth (3,409% revenue growth in Q3 2019) - now, just a few minutes ago, the company is announcing that upgrades are expected to save the Company approximately 10% of its operational costs!
This could be a huge cost reduction figure as its West Hazel O&G projects develop.
Hillcrest Pertrolium (TSXV:HRH) released major news this morning announcing that HRH is “optimizing our operations and implementing environmental best practices.” which, in addition to becoming green friendly, will represent “approximately a 10% operating cost saving.”
See the full press release here:
Hillcrest Electrifies West Hazel Oil Production Operations
The news goes on to state:
“(HRH) is pleased to provide an update on its operational improvement initiative to increase operational reliability and reduce operating costs by connecting its West Hazel production operations to the Saskatchewan power grid. The process will significantly reduce operating costs and eliminate greenhouse gas emissions from its the current diesel/propane power system.”
Don Currie, CEO of Hillcrest Petroleum, goes on to explain:
"Since re-starting production from the West Hazel field early last year, we have gained valuable insight into opportunities to add value by optimizing our operations and implementing environmental best practices." states Don Currie, CEO of Hillcrest Petroleum. "Electrifying the field is the first of a number of value adding field development activities planned to deliver maximum value from our West Hazel assets."
This morning’s news also includes another remarkable statement, noting that this upgrade is:
"expected to deliver additional production from increased operational reliability (e.g. reduced downtime) and reduce direct operating expenses by approximately $8,000 per month, representing approximately a 10% operating cost saving."
We intend to keep following the developments of HRH and continue to urge our members to do the same. These situations don’t arise often and when they do it’s often wise to perk up and do your research.
To make things easier for you here are a few links that will get you started on further information regarding HRH and their market:
Hillcrest Petroleum (TSXV:HRH) Full Report:
www.smallcapcanada.com/report/
October 2019 Company Presentation PDF:
Canadian Oil and Gas Acquisition and Development Opportunities
Additional Media & Corporate Profile:
https://www.8020connect.com/companies/hillcrest-petroleum-ltd
Don’t sit on your hands, this situation could be heating up.
We urge members to take swift action, start researching HRH.V right away. This could be an exceptional situation developing as we speak.
Add TSX.V: HRH to your Watchlist and have it on the top of your screen, we’re planning on closely watching this situation develop over the next week.
As always, we encourage you to do further research. Also, when you find yourself in a position to profit, it is often wise to do so.
Have a wonderful morning,
Editor, SCC