Business
Colorado Shale - West Denver Update
Colorado Shale - West Denver Update.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 6908H Highlands Natural Resources PLC 19 November 2018 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY HIGHLANDS TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n19 November 2018\n \nHighlands Natural Resources plc ('Highlands' or 'the Company')\nColorado Shale - West Denver Update\n \nHighlands, the London-listed natural resources company, announces that it has withdrawn all of the Colorado Oil and Gas Conservation Commission (\"COGCC\") spacing and permit applications associated with its West Denver project.\n \nThis determination comes after extensive discussions with communities and other stakeholders.\n \nHighlands appreciates the concerns and debate raised by its development plans and is taking this action to affirm its commitment to being a responsible and transparent operator within the state of Colorado.\n \n***ENDS***\n \nFor further information:\n \nHighlands Natural Resources plc \nRobert Price +1 (0) 303 322 1066\n \nCantor Fitzgerald Europe \nNick Tulloch +44 (0) 20 7894 7000\nDavid Porter \n \nNewgate Communications\nElisabeth Cowell \nFiona Norman +44 (0) 20 3757 6880\n \n \nNotes to Editors\nHighlands (LSE: HNR.L) is a London-listed natural resources company with a portfolio of high-potential oil, gas and helium assets and technologies. The Company's core projects include: \n \n• Colorado Shale: having developed a horizontal oil and gas project targeting the East Denver Niobrara shale formation, Highlands retains a 7.5% carried interest in the project, which is fully funded and operated by Highlands' partners. Highlands now expects the fracking operations to be completed in December with flow-back from the six new wells in late December or early January. Highlands also hold a 5,200-acre shale oil and gas leases in the Denver-Julesburg Ba...