• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highwood Asset Management Ltd. published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.