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Significant Flow Rates Reported, Nitrogen Project
Significant Flow Rates Reported, Nitrogen Project.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 0644S Highlands Natural Resources PLC 21 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 \n21 June 2018\nHighlands Natural Resources plc ('Highlands' or 'the Company')\nSignificant Flow Rates Reported at Kansas Nitrogen Project\n \nHighlands, the London-listed natural resource company, is pleased to announce that it has confirmed a flow rate of 1,769 MCF/D. at its acreage in Kansas where it is conducting exploration for nitrogen. The test was performed on 48/100th choke flowing 1,769 MCF/D at 415 PSI. The initial 15-minute shut-in was 920 PSI. The Board is very encouraged by these results. \n \nGas samples have been collected for analysis and sent to an external laboratory, and the Company expects to obtain gas composition analysis in due course. Gas from previously sampled wells in the area have exceeded 95% Nitrogen.\n \nThese results follow the successful re-entry and re-completion of the previously plugged wellbore, Barret 1-14B, completed in the Cedar Hills formation. The high-pressure operation was completed without incident, with perforations set between depths of 2187ft and 2256ft.\n \nThe Company is aiming to test the Carlile shale using a low-cost exploration approach and is currently in discussions with a Kansas operator in order to obtain samples of the Carlile shale from their existing drilling operations for reservoir characterisation. \n \nThe Kansas operator is drilling a well to be completed below the Carlile shale and if successful, this arrangement will enable Highlands to obtain valuable scientific data regarding the Carlile shale while saving the cost of drilling a second well, thereby removing the requirement to drill the Charlie-1. Highlands would only be responsible for rig time during sampling operations. \n \nRobert Price, Highlands' Chairman and CEO, said: \"The significant nitrogen flow rates obtained are very promising. We look forward to updating shareholders regarding the laboratory re...