Highwood Asset Management Ltd.

Highwood Asset Management Ltd. is pleased to announce early repayment of Promissory Note issued in conjunction with the acquisition of Boulder Energy Ltd. in August 2023 and update to the 2025 capital program. Promissory Note Repayment The Promissory Note, originally issued on August 3, 2023 was set to mature on July 1, 2025 ‎with equal payments of $3.5 million each ‎on ‎January 1, 2025, April 1, 2025 ‎and [...]

Highwood Asset Management Ltd. is pleased to announce financial and operating results for the three and nine months ended September 30, 2024. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended September 30, 2024, are available on Highwood's website at www.highwoodmgmt.com and on SEDAR+ at www.sedarplus.ca. Highlights Achieved average [...]

Highwood Asset Management Ltd., is pleased to announce an operational update and appointment of Ray Kwan to the Board of Directors. Operational Update Highwood drilled its first well within the Basal Belly River horizon at Brazeau, which is analogous to the company's activities at Wilson Creek. Highwood is encouraged with the early results from the well, which has been onstream for approximately 60 days and is currently [...]

Highwood Asset Management is pleased to announce financial and operating results for the three and six months ended June 30, 2024. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended June 30, 2024, are available on Highwood's website and on SEDAR+. Highlights Achieved record corporate production of 6,459 boe/d in Q2 2024, representing [...]

Credit Facility Update Highwood Asset Management Ltd. is pleased to announce that the annual borrowing base redetermination of the Company's credit facility has been completed. As a result of its successful drilling program that delivered significant PDP reserves growth, the borrowing base has been increased from $100 million to $110 million, comprised of a $10 million operating facility and $100 million syndicated credit [...]

Highwood Asset Management Ltd. is pleased to announce financial and operating results for the three months ended March 31, 2024. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended March 31, 2024, are available on Highwood's website at www.highwoodmgmt.com and on SEDAR+ at www.sedarplus.ca. Highlights Achieved record corporate [...]

Highwood Asset Management Ltd. is pleased to provide updated guidance for 2024. Guidance Increase As a result of operational outperformance from the most recent drilling campaign, and while supported by a now higher oil price strip, Highwood is in a position to increase its 2024 capital plan to $60-65 million resulting in upwardly revised forecasted 2024 average & exit production guidance of 5,500-5,700 boe/d and [...]

Highwood Asset Management Ltd. is pleased to announce the acquisition by Libra Advisors, LLC of 1,500,000 common shares in the capital of Highwood , previously held by West Lake Energy Corp. . West Lake originally acquired the Acquired Shares from Highwood on August 3, 2023 as partial consideration for the acquisition by Highwood of all of the issued and outstanding shares in Boulder Energy Ltd., a wholly-owned subsidiary [...]

Highwood Asset Management Ltd. is pleased to announce financial and operating results for the three and twelve months ended Dec 31, 2023 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2023, prepared by GLJ Petroleum Consultants Ltd. The Company also announces that its audited financial statements and associated Management's Discussion and Analysis for the year ended [...]

Highwood Asset Management Ltd., is pleased to announce an operational update, including a 1,000 bbl/day light oil well with its inaugural stage frac wells at Wilson Creek, and to reiterate its 2024 guidance. Operational Update Highwood recently brought online its second well at Wilson Creek, the 100/03-04-043-05W5 on January 27, 2024, representing a drilling, completion, and tie-in cycle time of approximately 45 days. The [...]