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Highwood Oil Co. Ltd. ( (TSE:HAM) ) has issued an announcement.
Highwood Asset Management reported a strong operational update from its Wilson Creek asset, where two recently drilled Basal Belly River wells were brought onstream in late 2025 with cycle times of about 50 days and capital costs roughly 10% below budget. The wells are delivering robust early production rates, with combined output over the first three weeks averaging 1,700 bbl/d of light oil and 2,400 boe/d, and management expects the pair to pay out in less than three months, implying recycle ratios above 3.5 at current strip pricing. Encouraged by these results and supported by an inventory of 16.5 net booked and 13 net unbooked Wilson Creek locations, Highwood plans to drill 1–3 additional Basal Belly River wells in the first quarter of 2026, reinforcing the play’s importance to the company’s growth profile and its ability to enhance capital efficiency and production scale.
More about Highwood Oil Co. Ltd.
Highwood Asset Management Ltd. is a Calgary-based energy company focused on light oil and liquids-rich natural gas development, with a key growth area in the Basal Belly River play at Wilson Creek, where it is building an inventory of booked and unbooked drilling locations. The company currently produces more than 6,300 boe/d across its portfolio and is positioning itself for further drilling activity in 2026, subject to market conditions.
Average Trading Volume: 3,573
Technical Sentiment Signal: Sell
Current Market Cap: C$58.86M
For an in-depth examination of HAM stock, go to TipRanks’ Overview page.