Highlands Natural Resour... Share Discussion Threads

[money maker1] 30/7/2017 20:15

Could be 65p again by Friday.

[smraynot] 30/7/2017 19:53

Manic Monday approaching 25P+?

[top tips] 30/7/2017 18:35

I meant the rig will be on site during the first week of August, which commences tomorrow, just like the Company said:

HNR, 29/7/2017

"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.

...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."

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top tips
30 Jul '17 - 12:46 - 9195 of 9203 1 0 Edit

The rig should be on site East Denver by the end of next week and they are drilling a "P1" proven formation with dozens of locally producing wells from the same formation, not a speculative play. They also have the patented DT Ultravert system which is worth at least six to eight times the current company market capitalisation and the Helios 2 helium + methane regional play which now also includes the recently identified Eagle gas formation. 20 bagger written all over it.

HNR Interview, 12/7/2017 (13 min 5 sec onwards):
www.audioboom.com/posts/6098816-825-phoenix-global-mining-pgm-highlands-natural-resources-hnr-john-meyer-on-mka

[nesty1760] 30/7/2017 17:34

top tips - When you mean rig will be on site next week.
Do you mean week commancing 31st July or w/c 7th August?
Some people maintain Sunday, is the first day of the week!

[cpap man] 30/7/2017 15:53

United Oil & Gas [UOG]



Barney Gray [Oil & Gas Analyst]



Leveraging experience to build a portfolio

United is an independent oil and gas company established by two former senior employees of Tullow Oil in 2015. United’s strategy is to leverage management’s experience and contacts within the oil industry in order to acquire an exciting portfolio of hydrocarbon assets. The company has already secured an interest in the Waddock Cross oil field in the UK and agreed to farm into the drill-ready Selva gas field in Italy. With the company currently conducting an RTO of Senterra Energy, we believe that United is poised to accelerate significantly the development of an exciting European- focused oil and gas business.

United’s strategy is to build a portfolio of oil and gas E&P assets with an initial focus on the UK and Europe. In particular, the management has demonstrated expertise in evaluating oil and gas assets and subsequent farm-in opportunities. Further expansion of the company will likely focus on assets within stable political and fiscal regimes and management is keen to leverage off its contacts within the industry to gain access to early divestment opportunities and avoid auctioned transactions.
United acquired interests in the Waddock Cross field (26.25%) and the associated exploration upside (18.95%) on licence PL090 in Southern England in July 2016. The field was shut-in in 2014 due to an excessive water cut. However, reassessment of existing 3D seismic data has indicated that two wells to probe the crest of the field well above the oil water contact have the potential to boost production significantly by 2018/19.

We expect that United will participate in the first of a two well programme in Q4, whereby a successful result will de-risk the field significantly. Consequently, we anticipate that the company’s maximum financial exposure to Waddock Cross will be approximately US$0.6m by the end of 2018.

In Italy, United has signed an exclusive option with ASX-listed Po Valley Energy to acquire a 20% interest in the Podere Gallina licence in Northern Italy under a capped 2 for 1 farm-in agreement. This licence contains the currently shut-in Selva gas field in addition to several exploration opportunities on the surrounding block.

United understands that a single well drilled updip to previously exploited areas of Selva will access at least 17 BCF (gross) of gas resources located in very high quality reservoir. As such, Selva has the potential to produce gas at stable plateau for up to eight years providing a very attractive source of long term cash flow to United.

On the exploration side, United has identified the Broadmayne prospect on UK licence PL090 as possessing major potential upside, whereas in Italy, the Podere Gallina licence exhibits several interesting prospects, one of which; East Selva could provide significant upside to the re-development of the main Selva field.

In the context of the imminent RTO with Senterra, we have established a conservative NPV valuation of US$11.1m (£8.8m) for United which focuses on the core assets within the portfolio. This is equivalent to a pro forma fully diluted value of 3.8p per share assuming a total of 228.9m shares in issue. For illustrative purposes, we also calculate that the upside valuation for the company could be as high as US$38.0m (£30.3m) on an unrisked basis, equivalent to 13.3p per share on a fully diluted basis.

[barnetpeter] 30/7/2017 14:06

Raisa are putting in nearly three times the current mkt cap into these 24 wells. Talk about tense on the day of the drilling results. Oil? Or a complete dud?


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."

[barnetpeter] 30/7/2017 14:00

Directors anticipate that a successful first well will provide operating profits substantially in excess of Highlands' monthly costs. A key attraction of the East Denver Project is that it is highly prospective acreage with a rapid production profile and repayment term. Based on the comparable data referred to in Section 4.0 of the East Denver CPR, the Directors expect to earn significant revenues within two months of drilling.

[barnetpeter] 30/7/2017 13:54

Yes this is dangerous...its an oil stock. But if they hit oil...in a place where oil is usually found.....then where?

All the rampers and derampers are boring......its the boring that is important and if the black stuff is there then treble your money.

Lose 60% if not.


Pays yer money.....

[letmepass] 30/7/2017 13:42

Timw spitting out his dummy.. Hahaha.. He missed out here

[top tips] 30/7/2017 12:46

The rig should be on site East Denver by the end of next week and they are drilling a "P1" proven formation with dozens of locally producing wells from the same formation, not a speculative play. They also have the patented DT Ultravert system which is worth at least six to eight times the current company market capitalisation and the Helios 2 helium + methane regional play which now also includes the recently identified Eagle gas formation. 20 bagger written all over it.

HNR Interview, 12/7/2017 (13 min 5 sec onwards):
www.audioboom.com/posts/6098816-825-phoenix-global-mining-pgm-highlands-natural-resources-hnr-john-meyer-on-mka

[timw3] 30/7/2017 12:27

Dont trust robert price the CEO neither.

AVOID THIS PUMP AND DUMP!!

[englishlongbow] 30/7/2017 12:17

Targeting 24 production wells during the next 18 months each producing 750 bopd, plus Helios 2 (helium/methane) and DT Ultravert rollout (the value of which was raised in Jan 2017 by the addition of well bashing protection, to $78 - $135 million) makes HNR more like £2.50 to £3.50 near-term.

[nesty1760] 29/7/2017 22:30

It is quite amazing that always when the schools are off. Many more posters start posting about things they know nothing about.
Coincidence, I think not!

[nesty1760] 29/7/2017 22:25

It's going up as they doing to a drill.
Some people just really don't get it. Missed a buy in price no doubt.

[money maker1] 29/7/2017 22:24

You nupty. Like TT said they are drilling a P1 'proven' play next month with dozens of other production wells nearby from the same geological formation. It's a cash cow.

[timw3] 29/7/2017 21:04

yep double act RAMP team here.

PUMP AND DUMP IN ACTION!! AVOID!

[kemche] 29/7/2017 20:48

itscompletelypassedmeby and yorgi both pumping the same share? Quelle surprise!

[money maker1] 29/7/2017 19:13

Based on 75 days of production data, the Company's September 2016 Piceance Basin test confirms DT Ultravert protected parent wells from bashing and that child wells experienced significantly above-average production performance, relative to adjacent wells completed without DT Ultravert.

[nobullplease] 29/7/2017 19:01

Oil is oil, doesn't matter if it's Shell,BP,HNR or Jed frigging Clampet who pumps it out of the ground,as long as it comes up then it's all pay dirt!

[nobullplease] 29/7/2017 18:58

​Are you talking about DTU testing for PWP, like it was successfully tested for last year, you know, kind of it's primary target?

[timw3] 29/7/2017 18:23

Unsuccesfull DT testing here and this drops sharp to 5p!!