Highlands Natural Resources PLC Rig Mobilization & Drill Timeline for East Denver (5685L)
20 July 2017 - 4:00PM
UK Regulatory
TIDMHNR
RNS Number : 5685L
Highlands Natural Resources PLC
20 July 2017
20 July 2017
Highlands Natural Resources plc ('Highlands' or 'the
Company')
Rig Mobilization and Drilling Timeline for East Denver
Project
Highlands, the London-listed natural resources company, is
pleased to announce that it has selected a drilling rig and related
service providers for its East Denver Niobrara Project ("East
Denver"), a shale oil and gas project in Colorado. Subject to the
completion of Highlands' fundraising which was announced on 6 July
2017, the rig will mobilize to the Company's East Denver location
in the first week of August and the first well, Wildhorse 5-64
15-16-1BHZ ("Wildhorse"), is expected to spud around the middle of
that month. The expected drilling timeline is approximately two
weeks, and upon reaching terminal depth Highlands will update the
market with drilling results.
Highlands' Chairman and CEO Robert Price said, "Today is in many
ways the culmination of our dedicated team's efforts over the past
two years. With our up to US$32.65 million funding from Raisa as
well as GBP2.59 million funding from PrimaryBid and other placees
announced earlier this month, we are now delighted to announce the
final stages of our preparation to spud our first well at East
Denver, Wildhorse, in the coming weeks. This well is located within
two miles of other highly productive horizontal wells in the
Niobrara shale and I am looking forward to updating our investors
with the drilling results later in the summer."
Information on Highlands' Upcoming General Meeting
The Company's General Meeting will be held at 11:00 AM (BST) on
31 July 2017 at the offices of DAC Beachcroft LLP located at 100
Fetter Lane, London, EC4A 1BN.
THIS RELEASE CONTAINS INSIDE INFORMATION.
**ENDS**
For further information, please visit www.highlandsnr.com, or
contact:
Highlands Natural +1 (0) 303 322
Robert Price Resources plc 1066
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
Hugo de Salis Ltd 1177
Notes to Editors
Highlands (LSE: HNR.L) is a London-listed natural resources
company with a portfolio of high-potential oil, gas and helium
assets and technologies. The company's core projects include:
-- East Denver Niobrara: a farm-in opportunity for horizontal
oil and gas wells targeting the Niobrara shale formation in a
well-studied area of the Denver Julesburg Basin.
-- DT Ultravert: a re-fracking and parent well protection
technology with one patent granted and additional patents pending
in the United States and internationally. Highlands is advancing
commercial conversations with a range of oil and gas operators to
create revenue-sharing opportunities for DT Ultravert
applications.
-- Helios Two: a 105,000+ acre helium and natural gas prospect
in SE Montana with drilling and assessment operations ongoing.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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