Highwood Oil Achieves Record Production Growth

Highwood Oil Co. Ltd. (TSE:HAM) has released an update.

Highwood Asset Management Ltd. has reported a record production of 4,035 barrels of oil equivalent per day (boe/d) in Q4 2023, with an increased projection of 4,900 boe/d for Q1 2024, and a current output exceeding 6,500 boe/d. The company attributes this growth to a successful capital program, which saw an investment of around $24 million and resulted in the completion of five new wells. Highwood’s recent operational achievements, particularly in the Wilson Creek and Brazeau regions, reflect positively on the company’s strategic execution and resource management.

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