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Highlands' First DT Ultravert Patent Issued
Highlands' First DT Ultravert Patent Issued.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 6556I Highlands Natural Resources PLC 21 June 2017 \n\n21 June 2017\n \nHighlands Natural Resources plc ('Highlands' or 'the Company')\nU.S. Patent Office Issues Highlands' First DT Ultravert Patent for Parent Well Protection \n \nHighlands, the London-listed natural resources company, is pleased to announce the issuance of U.S. Patent 9,683,165 (the \"'165 Patent\" or the \"Issued Patent\") related to \"parent well protection,\" on 20 June 2017. This grant represents the first issued patent among Highlands' portfolio of pending patent applications related to parent well protection and re-fracking. Based on the review and approval process for the Issued Patent, the Company is optimistic that additional patent applications may be approved and issued in due course. \n \nHighlights:\n· The Issued Patent significantly enhances the Company's strategic marketing position as the sole provider of the patented DT Ultravert parent well protection processes\n· Highlands is now in a position (if required) to enforce and seek financial compensation from companies that would infringe on the Company's patent, including oil and gas companies as well as service providers \n· The Company continues to see parent well protection as a growing and economically significant challenge for the shale oil and gas industry\n· RPS' Independent Opinion Report dated 6 January 2017 evaluated DT Ultravert with a potential NPV10 value range of US$78 to US$135 million based on projected revenue streams \n \nWith issuance of the '165 Patent, the Company attains significantly greater abilities to assert and enforce claims over key components of its intellectual property underpinning parent well protection. The '165 Patent includes broad coverage of gas injection into parent wells as a mitigating measure against \"bashing\" from fracking in nearby \"child wells\". The '165 Patent also applies to the process of enhancing child wells by injecting gasses into parent wells. These two applications, parent well protection and child well enhancement, represent core value propositions of DT Ultravert.\n \nThe issue of bashing and related child well underperformance is gaining increasing attention throughout the U.S. s...