Highwood Oil Co. Ltd. (TSE:HAM) has released an update.
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Highwood Asset Management Ltd. has increased its credit facility from $100 million to $110 million, extending the maturity date to August 2, 2026, and welcomed new lenders. Additionally, the company has initiated its second-half 2024 drilling program, aiming to drill six wells by year-end. Highwood is focused on growing its Free Cash Flow per share, potentially reducing debt by 25%, and maintaining a strong production growth outlook.
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