Business
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES WILSON CREEK OPERATIONAL UPDATE
HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES WILSON CREEK OPERATIONAL UPDATE
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"CALGARY, AB, Jan. 12, 2026 /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/fa0c75f565c1fc9a8055d74969698d6c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7bzW14.3zhqbWwCqiBUN2g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/fa0c75f565c1fc9a8055d74969698d6c","width":400,"height":226}},"href":"https://mma.prnewswire.com/media/2859780/Highwood_Asset_Management_Ltd__HIGHWOOD_ASSET_MANAGEMENT_LTD__AN.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Wilson Creek Operational Update","length":31,"tagName":"p"},{"type":"text","content":"Highwood Asset Management Ltd., ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce an operational update regarding its Wilson Creek operations. As previously announced, Highwood drilled 2 gross (~1.8 net) booked locations in the fourth quarter of 2025. The 102/13-02-043-06W5 (the "13-02 well") and the 100/11-33-042-05W5 (the "11-33 well") were completed and brought onstream late in the fourth quarter of 2025. The wells achieved a cycle time of approximately 50 days with associated capital costs being around 10% below budget.","length":584,"tagName":"p"},{"type":"text","content":"Over the first three weeks of production, the 13-02 and 11-33 combined, averaged 1,700 bbls/d light oil and 2,400 boe/d (85% liquids) including associated gas and natural gas liquids (1,450 bbls/d and 1,950 boe/d net). Over the past ten days production from the 13-02 well has averaged gross production of 900 bbls/d light oil (698 bbls/d net) and 1,500 boe/d including associated gas and natural gas liquids (1,163 boe/d net). In that same time frame, the 11-33 well has averaged gross production of 900 bbls/d light oil (900 bbls/d net) and 1,110 boe/d including associated gas and natural gas liquids (1,110 boe/d net). In aggregate the company expects the wells to pay out in less than 3 months yielding projected recycle ratios of greater than 3.5 at current strip pri...