Highlands Natural Resources PLC (LON:HNR)

Highlands Natural Resources PLC (LON:HNR)


Share Price
11.25 p
Change
-0.2 (-1.75 %)
Market Cap
£15.35 m
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Highlands Natural Resources PLC RNS Release

Disclosure of notifiable interests


RNS Number : 9462T
Highlands Natural Resources PLC
26 March 2019
 

 

 

26 March 2019

 

Highlands Natural Resources plc

("Highlands" or the "Company")

 

Disclosure of notifiable interests

 

Further to admission to trading today of the new Ordinary Shares ("Ordinary Shares") that were issued in connection with the recent subscription and PrimaryBid Offer (the "Fundraising"), Executive Chairman Robert Price's holding now represents 8.79% of the Company's total voting rights. The number of Ordinary Shares held by Mr Price has not changed.

 

 

**ENDS**

 

Enquiries

 

Highlands Natural Resources plc

+1 (0) 303 322 1066

Robert Price

 

 

 

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000

Nick Tulloch

 

David Porter

 

 

 

Newgate Communications

+44 (0) 20 3757 6880

Elisabeth Cowell

 

Fiona Norman

 

 

Notes to Editors

Highlands (LSE: HNR.L) is a London-listed natural resources company with a portfolio of high-potential assets and technologies. The Company's core projects include:

·   Colorado Shale: Highlands holds a 7.5% carried interest in the East Denver Niobrara shale project. East Denver is currently producing from eight wells, with the potential for up to 24 wells in total.  At its West Denver project, Highlands holds c. 5,300-acres of leases geologically similar to the East Denver project. This division also includes its patented anti well-bashing technology, DT Ultravert, successfully deployed in the Permian in 2018 and Piceance basins in 2016.

·    Kansas Gas Resource: 3,457-acres with the first well producing hydrogen-nitrogen with an initial flow rate of 2,581 Mcfpd. Potential for an additional 24 wells.

·   Highlands Water Resources: formed to facilitate a range of initiatives focused on easing the water shortage currently being experienced across the US oil and gas industry, and particularly across more arid States such as Colorado. Utilises the E10X modular solar powered water-recycling units. Highlands is also exploring the potential to supply water from its 154,072 acreage in Montana.

·     Zoetic Organics: newly formed subsidiary targeting the production of premium organic CBD products into wholesale and retail channels from a 33,000 sq. ft. indoor facility (potential annual harvest of 40,000 hemp plants) and an initial 20-acre outdoor growing facility (potential annual harvest of 50,000 hemp plants).

 


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