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HOCL Highwood Old Company Ltd

16.00
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Highwood Old Company Ltd TSXV:HOCL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.00 15.50 16.55 0 01:00:00

Highwood Oil Company Ltd. Provides Corporate Update on Strategic Peace River Oil Acquisition and Announces Initial Clearwater...

11/07/2019 11:23pm

PR Newswire (Canada)


Highwood Old (TSXV:HOCL)
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CALGARY, July 11, 2019 /CNW/ - Highwood Oil Company Ltd., ("HOCL", "Highwood" or the "Company") (TSXV: HOCL) is pleased to announce that the partner in the Peace River Oil Partnership ("PROP") has waived its right, per the Peace River Oil Partnership Agreement, to exercise both the right of first refusal and the tag along provision regarding the previously announced transaction on May 16, 2019. The anticipated closing of the 55% operated working interest in PROP is expected to be in mid August 2019.

Highwood Oil Company Ltd. (CNW Group/Highwood Oil Company Ltd.)

The Company is also pleased to announce that its three (1.5 net) latest wells drilled in the Clearwater formation during Q1 2019 are performing above company expectations while producing an average of 155 barrels per day per well after 70 days of production. 

SOURCE Highwood Oil Company Ltd.

Copyright 2019 Canada NewsWire

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