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Highwood Asset Management Ltd Com V.HOCL

Highwood Oil Co Ltd is a public oil and natural gas exploration, development and production company in Canada. The company conducts its operations in the Western Canadian Sedimentary basin, primarily in the province of Alberta. It derives revenue from the sale of oil. The company's key cash-generating unit is the Wabasca River Pipeline System.


TSXV:HOCL - Post by User

Post by Copperrunon Feb 22, 2021 10:08pm
138 Views
Post# 32633727

properties

properties Red Earth Creek, Alberta (Keg River): Targeting the Keg River formation, the Company delivers ~1,300 bbls/d of light sweet crude to Edmonton via its own sales pipeline and the Plains Rainbow system. Wabasca River Pipeline (WILL BE UPDATED PROJECTING TO ADD $4 MILLION OR MORE EXTRA FREE CASH FLOW THIS YEAR ALONE BY USKNG FUNDS FROM SALE OF CLEARWATER) The Wabsaca River Sales Line is located 450 km north of Edmonton and delivers onto the Plains Rainbow System. The line is owned and operated 100% by Highwood. The pipeline was constructed in 1987 to gather and transport light conventional crude oil volumes from the Senex, Trout Mountain, Kidney, Ogston and Swan Lake oil fields to Rainbow Pipeline at EVI. Facilities consist of 112 km 8" pipeline, 30 km of 6" pipeline and 66 km of 4" pipeline. Capacity of ~20,000 bpd as an open access carrier with set published tolls:
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