Highwood Asset Management Ltd V.HAM

FS Release Day

[Loughatorick]

I've just scanned the news release - good results all around.

The FS commentary also includes to date drill results for 2024.
The Mannville well results very sad, but overall good production from new wells.

Will take closer look at financials later today. 


Stock price up 4% to $ 5.98/share.

[Loughatorick]

Using the Consolidate December 31, 2023 Financial Statements..... The Debt/Asset ratio is 55 % which is good, and judged by management commentary, will improve (.e. be lowered) over the next two years. Total debt is $ 152,880,000, approximately 10 % of which is a 13 % prommissory note to a director issued regarding the Boulder purchase. This prommissory note should be retired by July 1, 2025