CALGARY, AB, April 28, 2023 /CNW/ – Highwood Asset Management Ltd. , (“ Highwood ” or the “ Company “) ( TSXV: HAM ) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2022 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2022, prepared by GLJ Petroleum Consultants Ltd. (“ GLJ “). The Company also announces that its audited financial statements and associated Management’s Discussion and Analysis (“ MD&A “) for the year ended December 31, 2022, can be found at www.sedar.com and www.highwoodmgmt.com . Highwood Asset Management Ltd. logo (CNW Group/Highwood Oil Company Ltd.) Highlights Within the upstream oil & gas production business unit, the Company delivered average production of 119 bbl/d of oil in the fourth quarter of 2022. Current net production from Highwood is approximately 130 bbl/d of oil. During the fourth quarter of 2022, the Company and its 50% working interest partner in the EVI terminal completed the reactivation of the blending portion of the facility, which was commissioned on October 2, 2022. The Company is planning to reactivate the heavy trucking terminal located at EVI in […]
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