Brief: Highwood Oil Company Announces Fourth Quarter Financial, Operating Results

Highwood Asset Management

29/04/2020 01:23

April 28 (Reuters) - Highwood Oil Company Ltd  HOCL.V :
    * QTRLY REVENUES (EXCLUDING COMMODITY CONTRACTS) OF $9.6
MILLION,
AN INCREASE OF $4.5 MILLION FROM SAME PERIOD IN 2018 
    * ANNOUNCES 2019 FOURTH QUARTER AND YEAR-END FINANCIAL AND
OPERATING RESULTS AND 2019 YEAR-END RESERVES ALONG WITH AN
UPDATE ON THE RED EARTH DIVESTITURE
    * ACHIEVED PRODUCTION OF 1,515 BBL/D OF OIL IN Q4 OF 2019,
AN
INCREASE FROM 1,117 BBL/D IN Q4 OF 2018
    * GIVEN CURRENT OIL PRICE ENVIRONMENT, CORPORATION CEASED
CAPITAL
SPENDING IN MARCH 2020

Source text for Eikon: [ID: nCNWZZhlya]
Further company coverage:  HOCL.V 

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