Brief: Highwood Oil Company Ltd Qtrly Oil And Natural Gas Sales $9.7 Mln Vs $8.1 Mln

Highwood Asset Management

29/08/2019 02:22

Aug 28 (Reuters) - Highwood Oil Company Ltd  HOCL.V :
    * ANNOUNCES SECOND QUARTER 2019 RESULTS HIGHLIGHTED BY
STRONG
OPERATING NETBACKS
    * ACHIEVED RECORD PRODUCTION OF 1,608 BBL/D OF OIL IN Q2 OF
2019,
INCREASING FROM 1,354 BBL/D IN Q1 OF 2019
    * OPERATING NETBACK SHOWED SIGNIFICANT IMPROVEMENT TO
$27.36/BBL
FOR THREE MONTHS ENDED JUNE 30, 2019, FROM $15.89/BBL IN Q1
    * "REMAINS FOCUSED ON EVALUATING OPPORTUNITIES IN M&A MARKET
AND
COMPLETING ACCRETIVE ACQUISITIONS THROUGH DURATION OF 2019"
    * QTRLY OIL AND NATURAL GAS SALES $9.7 MILLION VERSUS $ 8.1
MILLION LAST YEAR
    * QTRLY LOSS $475,432 VERSUS $411,793 LAST YEAR

Source text for Eikon:  ID:nCNW9xG0Ta 
Further company coverage:  HOCL.V 

 ((Reuters.Briefs@thomsonreuters.com;))