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Highlands Natural Resources PLC

Board Change Update

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RNS Number : 1573X
Highlands Natural Resources PLC
26 April 2019
 

 

 

26 April 2019

 

Highlands Natural Resources plc ('Highlands' or 'the Company')

Board Change

and

Change of Registered Office

 

Further to its announcement on 16 April 2019, Highlands is pleased to confirm that Nick Tulloch is due to be appointed to the Board and commence his role as Finance Director and Company Secretary on 1 May 2019. Melvyn Davies will step down from the Board concurrently but will continue to assist Highlands as a consultant for approximately two months to effect a smooth transition. 

 

Highlands also announces that with effect from 1 May 2019 the Registered Office of the Company will be changed to 25 Walbrook, London EC4N 8AF.

 

***ENDS***

 

 

For further information:

 

Highlands Natural Resources plc             

Robert Price       +1 (0) 303 322 1066

                              

Cantor Fitzgerald Europe      

David Porter   +44 (0) 20 7894 7000

 

Newgate Communications

Elisabeth Cowell

Fiona Norman    +44 (0) 20 3757 6880

 

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 basin in 2018 and Piceance basin 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).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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