Highwood Asset Management Ltd. is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2021 and to provide the results of its independent oil and gas reserves evaluation as of Dec 31, 2021, 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 is pleased to announce the filing of NI 43-101 Technical Report Lithium Resource Estimate for its Drumheller Property. Highlights The Drumheller Property land base of 363,522 ha represents 23.5% of Highwood's total Alberta and BC land position. The initial Inferred Lithium-Brine Resource at Drumheller has been calculated within 3 separate resource domains, the combined total of which is estimated [...]
Highwood Asset Management Ltd., is pleased to announce financial and operating results for the quarter ended September 30, 2021. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the quarter ended September 30, 2021, can be found at www.sedar.com and www.highwoodmgmt.com. Highlights On July 20, 2021, the Company changed its name from Highwood Oil [...]
Highwood Asset Management Ltd. is pleased to announce the filing of NI 43-101 Technical Report for the Company's Ironstone Iron-Vanadium project. NI 43-101 Technical Report Highwood commissioned APEX Geoscience Ltd. to prepare a National Instrument 43-101 Report effectively dated September 21, 2021 as a geological introduction to its Ironstone Iron-Vanadium Project in northwest Alberta. The Technical Report for the [...]
Highwood Asset Management Ltd., is pleased to announce financial and operating results for the quarter ended June 30, 2021. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the quarter ended June 30, 2021, can be found at www.sedar.com and www.highwoodmgmt.com. Highlights As first announced on March 25, 2021, on July 20, 2021, the Company changed [...]
Highwood Oil Company Ltd. is pleased to announce that it is changing its name to Highwood Asset Management Ltd. Name Change To better reflect the Company's diversified asset base and potential future opportunities, the Company found it suitable to rename itself Highwood Asset Management Ltd. The Name Change was unanimously approved by the Company's shareholders at the June 17, 2021 Annual General Meeting. The Name Change [...]
Highwood Oil Company Ltd. is pleased to provide the below updates. Independent Director Appointment The Board of Directors is pleased to have appointed Mr. Ryan Mooney to the Company's Board of Directors as an Independent Director. Mr. Mooney brings with him an extensive resume and experience in the energy sector and capital markets, having worked in senior roles in industry, research, institutional sales and investment [...]
Highwood Oil Company Ltd. is pleased to announce financial and operating results for the quarter ended March 31. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the quarter ended March 31, 2021. Q1 2021 Results and 2021 Activity Highwood announced the signing of a definitive agreement on November 13, 2020 to vend the Red Earth assets to an Alberta [...]
Highwood Oil Company Ltd. is pleased to announce financial and operating results for the three months and twelve months ended December 31, and to provide the results of its independent oil and gas reserves evaluation as of December 31, prepared by GLJ Petroleum Consultants. Associated Management's Discussion and Analysis dated April 29, 2021 and audited financial statements as at and for the year ended December 31, 2020 [...]
Highwood Oil Company Ltd. is pleased to provide the below updates. Operational Update As previously announced on November 13, 2020, Highwood has closed the divestiture of its Red Earth assets and the related decommissioning liability of approximately $35 million, for sale proceeds of $2 million in cash . The disposition of Red Earth was to Blue Sky Resources Ltd., an arm's-length Alberta based, private oil and gas [...]
Highwood Oil Company Ltd. announces the closing of its previously announced Clearwater disposition and revisions to the Company's credit agreement. Closing of Clearwater Disposition Highwood is pleased to announce the successful closing of the Clearwater Disposition to Tamarack Acquisition Corp., a wholly owned subsidiary of Tamarack Valley Energy Ltd., for cash consideration of $40.8 million. Proceeds will be used to [...]
Highwood Oil Company Ltd., is pleased to announce that, as a result of its strategic alternatives review process, it has today entered into a definitive agreement with an arm's length purchaser, Tamarack Valley Energy Ltd. to divest of the Company's Clearwater assets for cash consideration of $40.8 million . The effective date of the Divestiture is November 1, 2020. The Divesture is expected to close on December 21, 2020 [...]