Business
Update Colorado Shale Operations
Update Colorado Shale Operations.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 5937G Highlands Natural Resources PLC 07 November 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 \n7 November 2018\n \nHighlands Natural Resources plc ('Highlands' or 'the Company')\nUpdate on East and West Denver, Colorado Shale Operations\n \nHighlands, the London-listed natural resources company, is pleased to announce that hydraulic fracturing operations for the six new wells at its East Denver Project will resume this week. Flowback from the new wells is expected in late December 2018 or early January 2019.\n \nThe Company also notes that Proposition 112 was not passed in the State of Colorado following the 6 November 2018 election results. This means that the well set-back limits will not be increased from the current 500-feet for occupied buildings and 1,000-feet from school structures. This is a positive step for the Colorado oil and gas industry. Highlands has already filed permits for a 104 well development programme at the West Denver Project and continues its discussions with potential partners for the development of its West Denver Project.\n \n***ENDS***\n \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 \nNewgate Communications\nElisabeth Cowell \nFiona Norman +44 (0) 20 3757 6880\n \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 \n• Colorado Shale: having developed a horizontal oil and gas project targeting the East Denver Niobrara shale formation, Highlands retains a 7.5% carried interest in the project,...