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An announcement from Highwood Oil Co. Ltd. ( (TSE:HAM) ) is now available.
Highwood Asset Management Ltd. has announced an operational update, highlighting its activities in the oil and gas sector, particularly in drilling and well completion. In the third quarter of 2025, Highwood successfully completed a new well in Brazeau using a novel jet pump method, which expedited the cleanup process. This method is expected to be used in future projects. Additionally, a well drilled in Bonnyville is underperforming initial expectations, prompting further analysis. Due to reduced commodity prices and a focus on financial flexibility, Highwood has adjusted its 2025 capital program, reducing planned wells and revising its annual production guidance. The company remains committed to reducing debt and increasing operational flexibility.
More about Highwood Oil Co. Ltd.
Average Trading Volume: 3,735
Technical Sentiment Signal: Sell
Current Market Cap: C$73.25M
Learn more about HAM stock on TipRanks’ Stock Analysis page.