Business
Completes acquisition of leases
Completes acquisition of leases.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 3333U Highlands Natural Resources PLC 11 July 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 \n11 July 2018 \n \nHighlands Natural Resources plc ('Highlands' or 'the Company')\nCompletes acquisition of leases prospective for CO2 \n \nHighlands is pleased to announce that, further to the announcement made on 25 June 2018, the grant of leases covering over 46,000 acres of land prospective for commercial volumes of carbon dioxide (CO2) in north-eastern Arizona has been approved by the State of Arizona.\n \nThe Company is now ideally positioned to commence discussions with a range of potential end users with a view to exploring the opportunity to secure funding for future drilling. CO2 is used in a broad range of applications, and of particular relevance to Highlands, it can be used in the oil and gas industry to extract in-place oil from pressure depleted wells.\n \nRobert Price, Highlands' Chairman and CEO, said: \"We are increasingly galvanising our reputation as an innovator in the well protection and productivity space. We are delighted to have the leases in hand and look forward to capitalising on the resource potential.\" \n \n***ENDS***\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 \nRedleaf Communications\nElisabeth Cowell \nFiona Norman +44 (0) 20 3757 6880\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...