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Hillcrest Energy Technologies Ltd V.HRH


Primary Symbol: HLRTD

Hillcrest Energy Technologies is a clean tech innovation company developing high value, high-performance control systems and electric power conversion devices for next-generation powertrains, charging applications and grid-connected renewable energy generation and storage systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power the future.


OTCQB:HLRTD - Post by User

Comment by Smiles48on Sep 04, 2015 11:28pm
42 Views
Post# 24080962

RE:RE:RE:RE:RE:RE:RE:A Very Good Production Update

RE:RE:RE:RE:RE:RE:RE:A Very Good Production Update
At June 30, 2015, a provision for repair of an oil rig of $1,544,263 (December 31, 2015 - $1,450,125) has been accrued for costs and expenses related to the operation of certain properties which the operator has billed but are disputed by the Company and the other working interest partners. The Company is currently in settlement discussions with the operator to resolve the disputed charges and does not expect to be liable for the full amount.
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