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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Highlands Natural Resources Plc | LSE:HNR | London | Ordinary Share | GB00BWC4X262 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.70 | 4.60 | 4.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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:
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This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLUWRWRNWAKAAR
(END) Dow Jones Newswires
September 19, 2016 02:00 ET (06:00 GMT)
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