Highlands Natural Resour... Share Discussion Threads

[alamaison] 17/12/2016 00:07

Well, I re-read the RNS and sold my position at 33.86p

I did not like this bit:

With this Agreement in place, Highlands intends to accelerate its on-going financing and partnership discussions to finalize a development plan for the East Denver project. Highlands will update the market on future developments in due course.

Another capital raising coming?

[garyjonesltd] 16/12/2016 17:15

Also for me, now over 4 weeks since the interims that stated the gas results would be "near-term" which seems to be pushing the length of time expected. Also still now data from the logging of Eagle Well which initially they did not admit to being retrieved and we had to wait 4 weeks until the interims to know that, yet the data is still not out? It feels like they have a lot of price sensitive data which they know the meaning of, but are holding it back??

[garyjonesltd] 16/12/2016 17:10

Unfortunately I have to agree, as the traders are making a mockery of the share price since the warrants got exercised. Also the website is a concern of mine, as most local small business websites are better than their website, with a lack of data/information on it too, also the email address just rejects emails and the webform doesn't get a reply, I only got a reply from contacting RP direct with his RNS email add. As they don't have any social media a/c's at all, maybe because he is old school, but nevertheless online marketing clearly isn't his strength, as he seems more of hands on person when it comes to business, and making deals!

Things all started to be rather bizarre from the dropped logging tool RNS, then incorrect information in the RNS's such as the 200% ROI changed to Return on costs, not even a permit request for the Eagle Well replacement, a long time for them to start analysing the Gas from Helios and now the professor has had a minimum of 4 weeks and nothing! Nothing on DT either, no signs of how they will fund the projects which is key! Also no idea of how we will get any revenue yet and even when, as we need more guidelines, and updates on what is going on and roughly how he plans thing to go. Having said that, many companies do that and it allows for traders & MM's to manipulate the share price because of that, so perhaps he thinks it is the wiser way to do so, and also allow the company to buy more land and projects at lower prices??

We just need to see some substance, with actual prove of valuable assets, funding for them to be extracted, even JV's and then even revenue/contracts, perhaps we are being impatient, but things do seem to have gone all that quiet over the last 2 months causing uncertainty on the company's direction/future!

[garyjonesltd] 16/12/2016 16:27

As I don't really want to be waiting until 2018 or even 2019+ for the share price to hit £1!

[garyjonesltd] 16/12/2016 16:26

I guess 2LB, but if this company is going anywhere a valuation of £50-100m is surely achievable by the end of Q2 2017, so say 70p-£1.40 pending dilution. What is your view, going forward?

[2lb] 16/12/2016 16:18

Indeed it is

I think most would just like to see it settle in the 40's in the short term....

[garyjonesltd] 16/12/2016 16:16

2LB, agreed, £1+ is a VERY VERY long way off!

[2lb] 16/12/2016 15:50

Being day traded for fun in 25k blocks that are intentionally being delayed in their disclosure........

A useful update today but lots of other stuff we really need to be updated on before the break........

[garyjonesltd] 16/12/2016 15:29

DOWN on the week, even with today's RNS! Says all you need to know!!!

[garyjonesltd] 16/12/2016 14:36

alamaison, put those thoughts on the main HNR thread not this SHORTERS thread in future!

[mrkeysersoze] 16/12/2016 14:12

Exhibit A below is taken from the Highland Application

Note the 2 COP wells in sector 32 Quarter 1 :-)

















Mr K.

[alamaison] 16/12/2016 13:44

FAM: One done 4 to go...

[alamaison] 16/12/2016 13:41

L2 looks nice, lol

Bid:

Time Market Maker Size Price
13:34:00 F 5000 32
13:35:00 F 5000 32
10:17:00 F 5000 31.5
08:59:00 F 5000 30.5
08:16:00 F 5000 29

Ask:

Price Size Market Maker Time
33 5000 F 08:16:00
33.5 5000 F 10:17:00
34 5000 F 13:34:00
34 5000 F 13:35:00
34.5 5000 F 08:59:00

[substp] 16/12/2016 10:08

Thanks Fadec92.... page 17.... It's Conoco... :-)

[mrkeysersoze] 16/12/2016 09:17

sub,

Note bold text...

Highlands Natural Resources farms into DJ basin acreage
7/25/2016


LONDON -- Highlands Natural Resources has entered into a farm-in agreement in Arapahoe County, Colo., with Renegade Oil & Gas Company, which will allow it to drill up to six horizontal wells in acreage prospective for the Niobrara shale formation.

The transaction entails a $500,000 total payment from Highlands to Renegade, comprising an initial payment of $250,000 for the right to drill the first two wells and a second payment, on commencement of drilling of the third well, of $250,000 for the following four wells. In all wells drilled by Highlands on the farm-in acreage, Highlands will retain a 100% working interest and will receive 80% of revenue generated by these wells. The deductions from revenue comprise the royalty interests due to the State of Colorado and to Renegade under the farm-in agreement.

In parallel with negotiating the farm-in agreement, Highlands has also commenced discussions with several industry partners regarding the joint financing and development of the farm-in acreage. These discussions are now at an advanced stage such that Highlands believes that it can commence drilling by the end of 2016. Highlands is not obliged to drill any well unless and until it has secured, on terms satisfactory to it, third-party financing to fund the drilling of such well and all associated testing, completion and other activities and expenses
.
The farm-in acreage is bordered by ConocoPhillips leases that have been delineated by producing horizontal wells ranking among the most productive in the Denver Julesburg basin. The presence of nearby production provides important data for analyzing and projecting the productivity of the wells planned in the farm-in acreage. Specifically, Highlands is able to use Conoco's well designs, completion methods and decline curves as analogs for its planned farm-in wells. Conoco has drilled numerous productive wells in its leases north of the farm-in acreage, including wells drilled within the township of the farm-in agreement as well as adjacent townships. The majority of Conoco's nearby horizontal wells with optimized completion techniques produced between 50,000 to 100,000 bbl of oil in their first six months of production.

To put this in context, a well producing more than 50,000 bbl of oil in its first six months would rank among the top 12% of all horizontal Niobrara wells based on 2,943 wells with sufficient data history as of May 2016. The Niobrara shale is the fourth-largest tight oil play in the U.S. (ranked by current daily oil production), and produces approximately 371,000 bopd according to the U.S. Energy Information Administration's July 2016 Drilling Productivity Report.

Highlands CEO Robert B. Price said, “Highlands is very excited to announce this farm-in transaction as it opens the door to near-term drilling activity and revenue generation.”



Mr K.

[substp] 16/12/2016 09:04

I believe "State Uncompahgre Peak 1H", a Conoco horizontal, is about 1/2 mile from one of the wells (Powell) we want to drill.

[substp] 16/12/2016 08:58

Thanks Mr. Keyser, was just looking for that.....ties in nicely...:-)

[mrkeysersoze] 16/12/2016 08:56

Sub,

There appears only one major oil co operating in Arapahoe County :-)

www.arapahoegov.com/DocumentCenter/View/1505

Mr K.

[mrkeysersoze] 16/12/2016 08:52

sub,

Absolutely.

COP Conoco Philips...

"According to Highlands, the farm-in acreage is adjacent to acreage leased by ConocoPhillips that has been delineated by producing horizontal wells that rank among the most productive in the Denver-Julesburg Basin (see Shale Daily, Jan. 29, 2015). The company said it plans to use ConocoPhillips' well designs, completion methods and decline curves as analogs for its own wells on the farm-in acreage.
"Conoco has drilled numerous productive wells in its leases north of the farm-in acreage, including wells drilled within the township of the farm-in agreement as well as adjacent townships," Highlands said. "The majority of Conoco's nearby horizontal wells with optimized completion techniques produced between 50,000 to 100,000 bbl of oil in their first six months of production."



Mr K.

[substp] 16/12/2016 08:45

" The Farmor has diversified and integrated operations in over 20 countries and has a market capitalization in excess of $50 billion."

ConocoPhilips:
"As of Dec. 31, 2015, we had operations and activities in 21 countries."

Mkt Cap.... "64.11 billion dollars"

You think...:-)

[mrkeysersoze] 16/12/2016 08:34

The farmor is narrowed down to one of these companies....



A little more digging required....

Mr K.

[effiert] 16/12/2016 08:24

The new acreage to which Highlands has farmed in is currently owned by a US incorporated and NYSE traded oil and gas company (the 'Farmor'). The Farmor has diversified and integrated operations in over 20 countries and has a market capitalization in excess of $50 billion.