Highlands Natural Resources Plc (LON:HNR) has withdrawn all of the permit applications for its West Denver shale operation following objections by the local community.
The oil and gas group said it appreciates the concerns and debate raised by its development plans and was taking the action to affirm its commitment to being a responsible and transparent operator within the state of Colorado.
Originally, Highlands applied for 104 permits but trimmed these back to 76 last week before deciding to withdraw them all.