Highlands Natural Resour... Share Discussion Threads

[top tips] 30/10/2017 07:50

Flow back begins.

[regandharry5] 30/10/2017 07:40

OO Onwards and Upwards towards 40p.

[karateboy] 29/10/2017 14:40

According to the last RNS flow back test should start any time now. We may get a RNS to confirm that. The test starts with flush out fracture fluid. This may takes days, Assume 10 days. After that we should see oil/gas/water start to flow until it is stabilised. So we may see a RNS for initial production mid November onwards, may be sooner.so not long to go. Let's hope share price reaches 40p before that and doubles if results is good.

[blueball] 28/10/2017 08:20

Stay long.

[supertag] 24/10/2017 16:34

Sold a few today @ 32.75p which now pays for my two week villa stay in Koh Samui Thailand. Thanks HNR.
Holding the rest for bigger gains in the future.
GLA Supertag

[money maker1] 23/10/2017 08:12

I am surprised to see this down today but I assume people are just waiting for flow results.

[ny boy] 16/10/2017 11:42

EME making a break higher

[ny boy] 16/10/2017 09:06

Keep holding, it’s not a sell here!

Anyone following VELA!

[tmmalik] 16/10/2017 08:55

2 weeks time 50p

[barnes4] 16/10/2017 08:53

WE are down at these levels!!!

[senttothegallows] 16/10/2017 08:22

Surprised we are down at these levels HNR has the chance of passing all time highs over the coming weeks

[chesty1] 16/10/2017 08:04

Well done longs!!

[senttothegallows] 16/10/2017 07:37

All going to plan looking forward to the flow test tranformational IMHO


16 October 2017

Highlands Natural Resources plc ('Highlands' or 'the Company')

Completion of Hydraulic Fracturing and Initiation of Flow Back Operations at East Denver

Highlands, the London-listed natural resources company, is pleased to announce that it has successfully completed hydraulic fracturing operations, and is now preparing both the Wildhorse and Powell wells ("the Wells") for flowback and production of oil and gas at its East Denver Niobrara Project in Colorado ("East Denver").

Highlights

-- Wildhorse and Powell wells hydraulically fractured 55 times each for a total of 110 intervals with flow-back operations targeted for the end of October 2017

-- Expected commencement of production during Q4 2017
-- Drilling and completions process completed safely and in accordance with state, local and national regulations

-- Total time for hydraulic fracturing operations was 17 days, which was within the Company's original timeline

Highlands' Chairman and CEO Robert Price said, "The commencement of production at East Denver is a moment that the Highlands team and our dedicated investors have long-awaited. In concert with our financial and technical partners, Highlands has advanced East Denver from a greenfield project to the successful completion of two wells. Looking ahead, we are excited about the potential to drill up to 22 additional wells at East Denver, and we eagerly await the results of Wildhorse and Powell. Highlands will update the market with production results as soon as they become available."

Flow Back Process

Highlands began operations to drill out the plugs between each fracture stage on 15 October 2017, a process which takes approximately 5-7 days per well. Once the plugs are drilled out, Highlands will commence the flow-back process which is targeted for the end of October 2017. It is typical for hydraulically fractured wells to initially produce fracture fluid, then as the fracture fluid is emptied from the wellbore over a period of days or weeks, oil and gas begin to "cut in" until the production stream achieves a steady state of oil, gas and water production that is indicative of long-term performance.

At the point when the ratio of oil, gas and water stabilises, the Company will measure daily production rates and announce the initial production ("IP") of the wells.

THIS RELEASE CONTAINS INSIDE INFORMATION.

[tidy 2] 16/10/2017 07:27

To commence fluid flow backs end of month. Good update.

[yorgi] 16/10/2017 07:18

It does Cal.

[cal57] 16/10/2017 07:16

Good news,explains the steady rise in the share price last week.long may it continue.

[glenkaz] 16/10/2017 07:04

Rns out 🤡✌A039; Gla🚀

[karateboy] 13/10/2017 17:52

Especially last half an hour. Good momentum for Monday and beyond.

[peterpowell21] 13/10/2017 17:17

Well what a great day and week again.
Here's to more next week.

[crapcrap] 13/10/2017 09:03

personally i think the ceo got shafted and had to bit the bullet with funding.
so at 12p i got my average down.
hnr have some really good tech that the big corporations want and they don't mind
being dirty to get it!

[ny boy] 12/10/2017 12:52

TRIN & EME following a similar path north