CALGARY, May 1, 2020 /CNW/ – Highwood Oil Company Ltd. (TSXV: HOCL) (“Highwood” or the “Corporation“) received notice today from the Alberta Energy Regulator (“AER“) that the Red Earth license transfer application has been rejected. The AER had provided their conditional approval of the license transfers on April 24, 2020.
The Company is working through the impact of this decision by the AER on the Red Earth Sale Agreement and will provide an update when one is available.