Business
East Denver Project Update
East Denver Project Update.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 6821S Highlands Natural Resources PLC 27 June 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 \n27 June 2018\nHighlands Natural Resources plc ('Highlands' or 'the Company')\nColorado Shale - East Denver Project Update\n \nHighlands, the London-listed natural resources company, is pleased to provide an update on operations at its East Denver shale oil and gas project, where its operations to deliver six additional wells, being funded entirely by its partners, continue. On completion, the total number of wells at East Denver will be eight. \n \nAs announced on 4 June 2018, the Buckskin 5-64-15-16-1BHZ well has been drilled to a total depth of 17,997 ft and it has been cased, cemented and secured. Since then, in line with the Company's strategy to deliver cost effective operations as efficiently as possible and to be a pioneer in terms of oil field technology, it has been testing a new bottom-hole-assembly (\"BHA\") drilling technique at its Grizzly, Ouray and Thunder wells. Learnings from testing the new BHA at East Denver will provide valuable information and experience to the Company as it hopes to adopt this technique for its future operations at its West Denver Project to improve efficiency and make significant savings in drilling costs.\n \nTesting this new assembly has required the Company to try different mud-motors and the location of string stabilizers. With this in mind, the timetable for drilling has been revised, with drilling anticipated to be completed in the next three to four weeks. Both Grizzly and Ouray have been drilled to total depth (17,921 ft and 17,796 ft respectively) and cased, cemented and secured. The rig is currently drilling the lateral section of the Thunder and is expected to reach its total projected depth of 17,960 ft by the end of the week. \n \nFollowing the completion of all drilling operations, fracking operations will commence shortly after. Highlands plans to use the zipper-frac technique to alternate the stimulation in three w...