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BRIEF-Highwood Oil Company Ltd Qtrly Oil And Natural Gas Sales $9.7 Mln Vs $8.1 Mln

Published 2019-08-28, 09:22 p/m
© Reuters.  BRIEF-Highwood Oil Company Ltd Qtrly Oil And Natural Gas Sales $9.7 Mln Vs $8.1 Mln

Aug 28 (Reuters) - Highwood Oil Company Ltd HOCL.V :

* ANNOUNCES SECOND QUARTER 2019 RESULTS HIGHLIGHTED BY STRONG OPERATING NETBACKS

* ACHIEVED RECORD PRODUCTION OF 1,608 BBL/D OF OIL IN Q2 OF 2019, INCREASING FROM 1,354 BBL/D IN Q1 OF 2019

* OPERATING NETBACK SHOWED SIGNIFICANT IMPROVEMENT TO $27.36/BBL FOR THREE MONTHS ENDED JUNE 30, 2019, FROM $15.89/BBL IN Q1

* "REMAINS FOCUSED ON EVALUATING OPPORTUNITIES IN M&A MARKET AND COMPLETING ACCRETIVE ACQUISITIONS THROUGH DURATION OF 2019"

* QTRLY OIL AND NATURAL GAS SALES $9.7 MILLION VERSUS $ 8.1 MILLION LAST YEAR

* QTRLY LOSS $475,432 VERSUS $411,793 LAST YEAR

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