Nov 13 (Reuters) - Highwood Oil Company Ltd HOCL.V :
* HIGHWOOD OIL COMPANY LTD. ANNOUNCES THE STRATEGIC DIVESTITURE OF RED EARTH PROPERTY
* HIGHWOOD OIL COMPANY LTD - ENTERED AGREEMENT WITH PRIVATE OIL AND GAS EXPLORATION AND PRODUCTION CO TO DIVEST RED EARTH FIELD FOR $2 MILLION CASH