Hillcrest’s Nadsoil Brown #1 Well Commences Oil Production

April 9, 2014


 VANCOUVER, B.C. April 9, 2014 – Hillcrest Resources Ltd. (the “Company” or Hillcrest”) (TSX.V : HRH) is pleased to announce that surface facility installation is now complete and the Nadsoil Brown #1 well, located in Newton County, Texas, has commenced oil production for sales. As previously reported the well was drilled to a total depth of 7,504 feet and completed as a potential oil producer, and was then shut in pending the installation of the required surface facilities. Hillcrest has a 100% working interest in this well which represents the Company’s largest working interest in any well to date. Hillcrest will now have oil and/or gas production from all 4 wells it has drilled within the Newton County acreage. 

Drilling operations on the Brown #1 well commenced on 22nd February, 2014 and reached the planned total depth of 7,504 feet on 5th March, 2014. Interpretation of wireline logs, and sidewall cores recovered from the well-bore, indicated the presence of a significant oil column. The results of an initial production test were very positive. A 2.5 foot interval located near the base of the interpreted oil column was perforated and flow tested. After unloading the drilling fluids, the well commenced flowing oil to surface at a rate of approximately 44 barrels of oil per day (bopd) with an API gravity of 42 degrees, 100,000 cubic feet of gas per day (mcfgpd) on a 8/64” choke along with approximately 40 barrels of water per day. Various choke sizes will be tested over the coming days to determine the optimum initial production rate for this well. 

“The Brown #1 is a significant asset for Hillcrest” states Don Currie, the Company’s CEO and Chairman. “The initial production test from the well was very encouraging, particularly as the perforated interval is located near the base of the interpreted oil column. More of the pay zone will be perforated over time with the objective of potentially increasing the daily flow rate to production of 80 to 100 barrels per day. If flow rates such as these are achieved, then this 100% working interest oil well will be the Company’s largest single oil producer and by extension our largest revenue producer.” 


Donald Currie
Chief Executive Officer and Director


For more information on Hillcrest Petroleum Ltd., contact Donald Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com.

Hillcrest’s Nadsoil Brown #1 Well Commences Oil Production


Cautionary Statement Regarding “Forward-Looking” Information

Some of the statements contained in this news 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.  This forward-looking information is provided as of the date of this news release.  The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information.   No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s MD&A for the year ended December 31, 2021, available at www.sedar.com for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. 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.

Join our mailing list today!

Join our mailing list to receive the latest news and updates from Hillcrest Energy Technologies.

Opt In

Success! Look for our next update coming to your inbox soon.