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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: 0.035 CAD

TSX-V:HRH
Market: TSX-V
Market Cap: $4.33 m
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Full interview: Hillcrest Petroleum makes moves to help the balance sheet...

Hillcrest Petroleum (CVE: HRH-OTC:HLRTF) CEO Don Currie stopped by the Vancouver offices of Proactive Vancouver to tell Steve Darling, the work the company has done to improve their balance sheet. Currie talks about what he did personally and how he feels the company is in a much...

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