Highwood Plans Spruce Lake 3D Seismic Survey for Late Fourth Quarter 2026
Bitget2026/10/27 13:38- Highwood Asset Management plans 3D seismic at Spruce Lake, Saskatchewan, late in the fourth quarter of 2026 to design an initial SAGD phase.
- Project-level financing through strategic partnerships or marketing off-take agreements is being evaluated to limit shareholder dilution.
- The first Pekisko horizontal well at Twining, Alberta, has been drilled, with completion planned within 30 days.
- Two Mannville wells in eastern Alberta are scheduled to start drilling within 45 days, including the first circulating-string horizontal.
- Current production is approximately 2,900 barrels of oil equivalent daily, including 1,500 barrels of oil daily, following completed maintenance turnarounds.
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