Business
Update on Operations and Notice of Results
Update on Operations and Notice of Results.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 8343H Highlands Natural Resources PLC 20 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 \n20 November 2018\n \nHighlands Natural Resources plc ('Highlands' or 'the Company')\nUpdate on Operations\nNotice of Results\n \nHighlands, the London-listed natural resources company, notes the recent fall in its share price and wishes to remind investors that management does not expect the setback at its West Denver shale operations, as announced on 19 November 2018, to have any impact to the Company's near-term financial performance.\n \nHighlands continues to generate revenues from its operations at the East Denver Colorado shale project and the Board expects the revenues to increase significantly with the commencement of production from the 6 new wells in December 2018. Importantly, the Company anticipates delivering sufficient cashflow to cover its overheads for 2019.\n \nIn addition, whilst also early stage, the Company's water resources business is also contributing revenue to Highlands. \n \nSignificant progress has also been made with Highlands' nitrogen, project in Kansas. The Company remains in discussions with several parties with regard to commercialising this project and the directors anticipate a revenue contribution during 2019.\n \nHighlands will be announcing its Interim Results for the six months ended 30 September 2018 on Thursday 13 December 2018, at which time it will provide further detail on the progress the Company is making with these and its other projects.\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 Commun...