It said that flow results from the new wells are expected in late December 2018 or early January 2019. The company also highlighted that the oil and gas industry in Colorado had been boosted by the results of yesterday’s election, which included a vote on Proposition 112.
Proposition 112 was not passed in the state. If it had, it would’ve demanded greater restrictions on fracking and the positioning of well sites.
It now means that the current limits, requiring wells to be at least 500-feet from occupied buildings and 1,000-feet from school structures, won’t be increased.
“This is a positive step for the Colorado oil and gas industry,” Highlands said.
“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.”