Highlands Natural Resour... Share Discussion Threads

[lobo] 06/2/2018 15:21

A reminder from last week (no ramp intended)...



Highlands said natural gas production rates from the Helios 5-52 16-22 well reached 216,000 cubic feet a day, following a successful test of the Eagle formation at the Helios Two gas and helium project in Montana.

A competent persons report in January indicated a best estimate net present value of USD341.0 million for the natural gas project alone, and a further 2.1 billion cubic feet of net attributable helium in the same area, which is not included in the estimate.

[lobo] 06/2/2018 09:52

tidy,

As regards rev, do you know what the profit per bbl is?
...or anyone?

[w1ndjammer] 06/2/2018 09:36

drilling new wells starts in a couple of months, exciting summer ahead.

WJ.

[lobo] 06/2/2018 09:28

Buying now started ...including a top up for me :)

[tidy 2] 06/2/2018 09:15

When will they get Rev from flows?

[bobby1904] 06/2/2018 08:51

Fantastic RNS. Obviously on a day like this wouldn't expect to be blue BUT actually volumes are very small and price hardly affected. At this share price it looks a bargain imho!!!

[lobo] 06/2/2018 08:25

We're not down as much as some in my monitor.
...I guess peeps are looking for bargains that are going to bounce back.

[w1ndjammer] 06/2/2018 07:40

probably not the best day to announce this great news,
with the FTSE to open 200 pips down, but hey we are playing the long game yes.

WJ.

[lobo] 01/2/2018 09:56

"our combined commitment of up to US$58.5 million"

Maybe the "combined" word is bothering them?

[cal57] 01/2/2018 09:14

I'll settle for 40p atm.We need to stop above 20p,that's for sure.

[w1ndjammer] 01/2/2018 08:39

This selling is relentless, Think 80P when they are clear.

WJ.

[heo] 01/2/2018 08:37

Yeah, they need the money to invest in bitcoin or crypto currency derivative. They see that as easy money albeit the high risk.

[bumpa33] 01/2/2018 08:12

someone in a heck of a hurry to get out of these this morning?

[cal57] 01/2/2018 08:11

Same old pattern,any strength in the share price is sold into.

[basem1] 01/2/2018 07:57

Strong buy, worth £1 IMO.

[w1ndjammer] 01/2/2018 07:48

In the meantime, following stabilization of the Wildhorse and Powell wells at our East Denver Project in December 2017 with an Initial Production rate of 1,771 BOEPD, I look forward to providing further updates with regards to scheduling of drilling subsequent wells in line with our strategy to fully develop the East Denver asset with up to 24 wells by using our combined commitment of up to US$58.5 million from a leading US private equity oil and gas investment company and a leading oilfield services provider."

[senttothegallows] 01/2/2018 07:44

They have just purchased a skip load of land "bringing total acreage in Montana to 221,973 acres

· Competent Person Report in January 2017 indicated a "best estimate" NPV10 of US$341 million for the natural gas development project alone from a 69,120 acre area and an additional 2.1 billion cubic feet of net attributable helium for this same area (not included in the NPV)"

Clearly somebody things this is a goer.

[honestmarty] 01/2/2018 07:27

Remember this was after stimulation

And it was intermittent, and peaked at 200 odd MCfpd

No pressures mentioned.

EME had sustained high pressure flow at 140 to 160 Mcfpd, before any stimulation, and are connected to revenue producing gas infrastructure , and the share price halved.

What else can I say?

[heo] 01/2/2018 07:15

What do you consider as a good flow rate?

[honestmarty] 01/2/2018 07:11

Unfortunate that the flow rates were so poor.

[carl19] 30/1/2018 23:00

That is a fantastic find by goodbody on lse. Why would you take up all of those leases just after a test that hasnt had the results declared yet! If it is what it appears then hnr are in a very very good position.

[nobullplease] 30/1/2018 14:51

#HNR busy in Montana ttps://eplanning.blm.gov/epl-front-office/projects/nepa/78400/128309/156157/12-12-17_Noncomp_Results.pdf

[cal57] 29/1/2018 15:18

Hope your right Podium.It's a long way down from 38p.Maybe the MM 's are accumulating cheap shares

[podium] 29/1/2018 13:53

Just the market taking advantage of the absence of drilling plans and current company silence.