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 [...]
Highwood Asset Management Ltd., is pleased to announce financial and operating results for the three and nine months ended September 30, 2023. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended September 30, 2023, can be found at www.sedarplus.ca and www.highwoodmgmt.com. Highlights Highwood anticipates allocating its organic Free [...]
Highwood Asset Management is pleased to announce an operational update, including its inaugural multi-lateral open hole well result, and to reiterate its 2024 guidance. Highwood anticipates allocating its organic free cash flow after sustaining capital on a 50:50 basis to support organic production growth of approximately 25% while also expecting to reduce Net Debt by approximately 25%, achieving Net Debt / 2024E EBITDA [...]
Highwood Asset Management Ltd., is pleased to announce financial and operating results for the three and six months ended June 30, 2023. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended June 30, 2023, can be found at www.sedarplus.ca and www.highwoodmgmt.com. Highlights The focus of the second quarter of 2023 for the Company was on [...]
VANCOUVER, BC, Aug. 3, 2023 /CNW/ - Trading resumes in: Company: Highwood Asset Management Ltd. TSX-Venture Symbol: HAM All Issues: No Resumption : 2:30 PM At the open CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all [...]
Highwood Asset Management Ltd. is pleased to announce that, further to the Company's press releases dated July 5, 2023, July 10, 2023, and July 27, 2023 it has completed the acquisitions of each of Castlegate Energy Ltd. , Boulder Energy Ltd. and Shale Petroleum Ltd. . The cash portion of the purchase price was funded through the net proceeds of the Company's previously ?announced $35 million equity financing , which [...]
VANCOUVER, BC, Aug. 3, 2023 /CNW/ - The following issues have been halted by CIRO Company: Highwood Asset Management Ltd. TSX-Venture Symbol: HAM All Issues: Yes Reason: Pending News Halt Time : 9:38 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
VANCOUVER, BC, Aug. 3, 2023 /CNW/ - The following issues have been halted by CIRO Company: Highwood Asset Management Ltd. TSX-Venture Symbol: HAM.R All Issues: No Reason: Pending Delisting Halt Time : 7:03 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Highwood Asset Management Ltd. is pleased to announce that, further to the Company's July 27, 2023 news release, the Subscription Receipts will be listed for trading on the TSX Venture Exchange under the symbol "HAM.R" effective as of the opening of markets on August 1, 2023. On July 27, 2023, the Company closed its previously announced ?"best efforts" marketed offering of subscription receipts . Pursuant to the Offering [...]