Business
Corporate Update
Corporate Update.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 1740W Highlands Natural Resources PLC 25 April 2016 \n\n25 April 2016\nHighlands Natural Resources plc ('Highlands' or 'the Company')\nCorporate Update\n \nHighlands, the London listed oil and gas company, is pleased to provide a corporate update including the significant progress it has made with regards to the implementation and commercialisation of DT Ultravert refracking technology, of which it owns 75% of the patent filings; the acquisition of acreage which includes the shallow natural gas Gravity Prospect in North Dakota; and a natural gas and potentially significant helium play in the US; and an update on its Ticaboo Minerals Uranium Project in Utah. \n \nOverview\n· DT Ultravert Commercial Tests\no Highlands and Schlumberger are in on-going discussions with over 20 exploration and production companies in the US to commercialise DT Ultravert, a diverter technology of which Highlands owns 75% of the patent filings, which enhances well output at a fraction of the cost of drilling a new well\no Discussions relate to acquiring refrac candidate wells in the Piceance Basin, the Denver-Julesburg Basin, the Appalachian Basin, the Williston Basin and the Permian Basin \no The first commercial tests are planned for June 2016 in the Piceance Basin, Colorado\n· Acquisition of the Gravity Prospect, North Dakota\no Acquired ~1,972 acres in November 2015 targeting the Niobrara and Muddy formations in Emmons county, North Dakota which includes the shallow natural gas prospect, \"Gravity\"\no In discussions to acquire and complete a well on the acreage from Strata-X\no The cost to complete the well will be approximately 50,000 US$\no Targeting to complete the well by mid-June 2016 following acquisition and an extended production test thereafter\n· Helium Prospect, USA\no Currently evaluating a potential natural gas with associated helium play in the US from an economical and geological standpoint\no The helium concentration of the target region is similar to the US Hugoton Field\no Highlands is in discussions with parties for acquiring such natural gas and helium rights \n· In Situ Solution Mining Prospect, Utah\no Currently in discussions with m...