Brief: Highwood Oil Expects Capital Spending Between $10 Mln And $15 Mln In 2020

Highwood Asset Management

18/02/2020 23:17

Feb 18 (Reuters) - Highwood Oil Company Ltd  HOCL.V :
    * HIGHWOOD OIL COMPANY LTD. ANNOUNCES SUCCESSFUL FOURTH
QUARTER
2019 CLEARWATER DRILLING RESULTS AND THE STRATEGIC DIVESTITURE
OF NON-CORE RED EARTH LEGACY PROPERTY
    * HIGHWOOD OIL COMPANY LTD - ANTICIPATES CAPITAL SPENDING OF
$10-$15 MILLION IN 2020
    * HIGHWOOD OIL COMPANY - ANTICIPATES OPERATING CASH FLOW IN
2020
TO BE COMPRISED OF APPROXIMATELY 25% MIDSTREAM OPERATIONS
    * HIGHWOOD OIL COMPANY LTD - ANTICIPATES OPERATING CASH FLOW
IN
2020 TO BE COMPRISED OF APPROXIMATELY 10% ROYALTY REVENUES

Source text for Eikon:  ID:nCNW35Y16a 
Further company coverage:  HOCL.V 

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