Donner #4 Flows Gas To Surface
2014年3月13日 - 11:30PM
Access Wire
VANCOUVER, B.C. / ACCESSWIRE / March 13, 2014
/ Hillcrest Resources
Ltd. (the "Company" or Hillcrest") (TSX.V :
HRH) is pleased to report that the recently drilled Donner
#4 well, located in Newton County Texas, has been completed as a
gas producer. The well was recently drilled to a total depth of
7510 feet at which time logs were run and interpreted. The well has
been initially completed in the 7400 Struma sand, a known gas
producer elsewhere in the Field. Following a short term gas to
surface test, the well was shut in pending the installation of
surface facilities necessary for gas sales. Equipment for
production was ordered and is expected to arrive within the next
week at which time the well will be opened for sales. Hillcrest has
a 60% working interest in the Donner #4 well.
"Hillcrest is pleased with the
recent developments on the Donner #4 well" states Don Currie, the
Company's CEO and Chairman. "Gas sales from this well will be the
third revenue producer from the Company's Newton County assets. We
have been able to continue to try and exploit our acreage through
non-dilutive financing and with the success of this latest well,
should see an increase in cash flow and reserve value. We expect to
have further news on this well in addition to news on the recently
drilled Brown #1 well over the next 7-10 business days."
The Company will advise of the flow
rates once the equipment has arrived and the well is opened.
For
more information on Hillcrest Resources Ltd, contact Donald Currie
toll free at 1-866-609-0006 or visit the Company's website
at www.hillcrestresources.com
On behalf of the Board of
Directors
Donald Currie
Chairman, Chief Executive Officer and
Director
FORWARD LOOKING STATEMENT HERE
Cautionary Statement Regarding
"Forward-Looking" Information
Some of the statements
contained in this press release are forward-looking
statements and information within the meaning of
applicable securities laws. Forward-looking statements
and information can be identified by the use of words such as
"expects", "intends", "is expected", "potential",
"suggests" or variations of such words or phrases, or
statements that certain actions, events or results "may",
"could", "should", "would", "might" or "will" be
taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a
number of risks and uncertainties beyond the Company's
control. Actual results and developments are likely to differ,
and may differ materially, from those expressed or
implied by the forward-looking statements contained in
this news release. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or
otherwise revise any forward-looking statements, except as
may be required by law.
Neither TSX
Venture Exchange nor its Regulations Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
NOT FOR U.S.
DISTRIBUTION
Hillcrest Petroleum (TSXV:HRH)
過去 株価チャート
から 1 2025 まで 2 2025
Hillcrest Petroleum (TSXV:HRH)
過去 株価チャート
から 2 2024 まで 2 2025