Hillcrest Petroleum Ltd. announced the election of Michael Krzus as Executive Chairman of the company effective immediately. Mr. Krzus has been a director of the company since January 2014. Donald Currie, who has held the roles of CEO and Chairman since the company's formation in 2008, will remain as company CEO.

Prior to joining Hillcrest's Board of Directors, Mr. Krzus was founding CEO and director of Emerald Oil Inc. In this capacity, Mr. Krzus was instrumental in establishing Emerald as a Denver based operating oil and gas company, driving best practice well outcomes in a competitive operating area and growing the company to a market capitalization of approximately $500,000,000 on his retirement from Emerald in December 2013.