Business
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES OPERATIONAL UPDATE
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES OPERATIONAL UPDATE
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/","length":61,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Oct. 20, 2025 /CNW/ -","length":34,"tagName":"p"},{"type":"image","alt":"Highwood Asset Management Ltd. Logo (CNW Group/Highwood Asset Management Ltd.)","displaySize":"","headline":null,"caption":"Highwood Asset Management Ltd. Logo (CNW Group/Highwood Asset Management Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":226,"url":"https://media.zenfs.com/en/cnwgroup.com/12b009c8097930f7fdb65d5354b391a5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mbi6caR1ObQ4Ve3xp_wrog--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/12b009c8097930f7fdb65d5354b391a5","width":400,"height":226}},"href":"https://mma.prnewswire.com/media/2800990/Highwood_Asset_Management_Ltd__HIGHWOOD_ASSET_MANAGEMENT_LTD__AN.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Operational Update","length":18,"tagName":"p"},{"type":"text","content":"Highwood Asset Management Ltd. ("Highwood" or the "Company) completed one unbooked gross (1.0 net) well in the third quarter of 2025, being the 100/13-15-048-14W5 well (the "13-15 well") in the Basal sand at Brazeau that was spud in June. Highwood deployed a different completion method on the 13-15 well by using a jet pump to speed up the clean up process after fracture stimulating the well. As a result of this new method, the 13-15 well cleaned up approximately six weeks faster than previous Basal sand wells in the Brazeau area. The Company was encouraged by this result and will look to deploy this technique on future Basal sand drills in Brazeau. The 13-15 well is performing as expected and the costs came in as expected.","length":757,"tagName":"p"},{"type":"text","content":"In addition, Highwood drilled and completed one booked gross (1.0 net) well in the third quarter of 2025 in Bonnyville, Alberta. Early indications suggest the well is performing below type curve. However, the results are early and independent of other horizons the Company wishes to pursue within the Mannville stack. The Company continues to analyze results and determine the next steps to be taken in the Bonnyville area.","length":423,"tagName":"p"},{"type":"text","content":"Outlo...