Highlands Natural Resources PLC Commences Drilling at Helios Two, Montana (1347K)
19 September 2016 - 4:00PM
UK Regulatory
TIDMHNR
RNS Number : 1347K
Highlands Natural Resources PLC
19 September 2016
19 September 2016
Highlands Natural Resources plc ('Highlands' or 'the
Company')
Commences Drilling at Helios Two, Montana
Highlands Natural Resources, the London-listed natural resources
company, is pleased to announce that drilling operations at its
Helios Two natural gas and helium prospect in southeast Montana
commenced on 18 September 2016 following a rapid permitting and
approval process. The first well (Helios Well 5-52 16-22) will
generate significant valuable data for the evaluation and
assessment of the prospect.
The targeted result of Highlands' pilot programme is to
demonstrate the technical and economic viability of dewatering,
validate the engineering and economics outlined in the RPS
Competent Person's Report announced on 26 June 2016, and affirm
RPS' projections of the long-term economic potential of the Helios
Two prospect. Highlands expects to release initial quantitative
results to the market on an on-going basis once production
commences.
Highlands CEO Robert B. Price said, "This is a significant
milestone for Highlands and demonstrates the efforts of our
efficient engineering team who have completed the permitting and
mobilisation stages rapidly. We will commence a de-watering process
once the well and surface facilities are complete and will provide
the market with additional updates including the results of coring,
gas analysis, well completion, preliminary testing and de-watering
operations in due course."
THIS RELEASE CONTAINS INSIDE INFORMATION.
**ENDS**
For further information, please visit www.highlandsnr.com, or
contact:
Highlands Natural +1 (0) 918 361
Robert Price Resources plc 7000
Cenkos Securities +44 (0) 131 220
Nick Tulloch plc 9772
+44 (0) 131 220
9771 /
Cenkos Securities +44 (0) 207 397
Neil McDonald plc 1953
St Brides Partners +44 (0) 20 7236
Lottie Brocklehurst Ltd 1177
St Brides Partners +44 (0) 20 7236
Elisabeth Cowell Ltd 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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