Business
Spudding of fourth well at East Denver oil & gas
Spudding of fourth well at East Denver oil & gas.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 8063M Highlands Natural Resources PLC 02 May 2018 \n\n2 May 2018\nHighlands Natural Resources plc ('Highlands' or 'the Company')\nSpudding of fourth well at East Denver oil and gas \n \nHighlands, the London-listed natural resources company, is pleased to announce that it has spud its fourth well at the East Denver Niobrara shale oil and gas project (\"East Denver\" or \"the Project\") today. \n \nHighlands is sequentially drilling out the surface casing on the six new wells being funded by True Oil LLC before drilling out the lateral portion of each wellbore.\n \nThis follows Highlands' agreement with True Oil LLC, announced on 20 April 2018, which sees the entire capital costs of at least six additional wells funded by Highlands' partners. On completion, the total number of wells at East Denver will be eight. \n \nHighlands remains operator of the project currently, although True has the option to assume operatorship of the East Denver project in the future. \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. The Company's core projects include: \n· East Denver Niobrara: a horizontal oil and gas project targeting the Niobrara shale formation in a well-studied area of the Denver Julesburg Basin. The Company has two wells drilled and producing cash flow and is now fully funded for at least six additional wells, to be delivered in the short term. It has a 7.5% carried interest in existing and future wells. \n· DT Ultravert: a re-fracking and parent well protection technology with four patents allowed and additional patents pending in the United States and internationally. High...