Highlands Natural Resources PLC Colorado Shale - West Denver Update (6908H)
19 November 2018 - 6:00PM
UK Regulatory
TIDMHNR
RNS Number : 6908H
Highlands Natural Resources PLC
19 November 2018
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
HIGHLANDS TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
19 November 2018
Highlands Natural Resources plc ('Highlands' or 'the
Company')
Colorado Shale - West Denver Update
Highlands, the London-listed natural resources company,
announces that it has withdrawn all of the Colorado Oil and Gas
Conservation Commission ("COGCC") spacing and permit applications
associated with its West Denver project.
This determination comes after extensive discussions with
communities and other stakeholders.
Highlands appreciates the concerns and debate raised by its
development plans and is taking this action to affirm its
commitment to being a responsible and transparent operator within
the state of Colorado.
***ENDS***
For further information:
Highlands Natural Resources plc
Robert Price +1 (0) 303 322 1066
Cantor Fitzgerald Europe
Nick Tulloch +44 (0) 20 7894 7000
David Porter
Newgate Communications
Elisabeth Cowell
Fiona Norman +44 (0) 20 3757 6880
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:
-- Colorado Shale: having developed a horizontal oil and gas
project targeting the East Denver Niobrara shale formation,
Highlands retains a 7.5% carried interest in the project, which is
fully funded and operated by Highlands' partners. Highlands now
expects the fracking operations to be completed in December with
flow-back from the six new wells in late December or early January.
Highlands also hold a 5,200-acre shale oil and gas leases in the
Denver-Julesburg Basin west of Denver.
-- Highlands Water Resources formed to facilitate a range of
initiatives focused on easing the water shortage currently being
experienced across the US oil and gas industry, and particularly
across more arid States such as Colorado. Highlands Water Resources
is currently processing water on the East Denver wells with the
proven E10X modular solar powered water-recycling units. Highlands
is also exploring the potential to supply water from its acreage in
Montana.
-- Well Performance Enhancement Portfolio: A collection of
inter-supporting technological and natural resource assets,
consisting of DT Ultravert, a re-fracking and parent well
protection technology with four patents allowed and additional
patents pending in the United States and internationally, over
2,200-acre Kansas of low-cost highly-pure nitrogen resources and
46,000- acre prospective carbon dioxide resource leases in Arizona.
Highlands' first well in Kansas recorded a 99.59% purity and
initial flow rate of 2,581 Mcfpd. Highlands is in advanced
commercial discussions with various parties for full-scale
commercialization of its technological and natural resource
assets.
-- Montana Helios Two: a 220,000+ acre helium and natural gas
prospect in SE Montana with drilling and assessment operations
on-going.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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