logo-loader
viewZoetic International PLC

Highlands Natural Resources concludes Colorado well completions

The company is set for revenue contributions from the wells throughout 2019 as they begin to come online

oil and gas operations
Three of six wells are now flowing

Highlands Natural Resources Plc (LON:HNR) has told investors that it has successfully concluded well completion operations for the six recently drilled wells at the East Denver project in Colorado.

Flowback has so far commenced in three of the six wells and is expected in the remainder over the next two weeks.

READ: HNR set for Happy New Year for Colorado project

“Provisional data from the three new wells flowing back … indicate that these wells should perform in line with the existing two wells drilled by Highlands, which have been ranked in the top 3% of all Niobrara wells in the Denver Julesburg basin,” the company said in a statement.

Highlands noted that it will own a 7.5% interest in eight producing wells at East Denver once the full well programme has been completed. This is expected to position the company for revenues from the project throughout 2019.

Quick facts: Zoetic International PLC

Price: 11.1 GBX

LSE:ZOE
Market: LSE
Market Cap: £16.55 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Zoetic International PLC named herein, including the promotion by the Company of Zoetic International PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Zoetic International makes strong start to 2020 as strategy...

Zoetic International PLC's (LON:ZOE) Nick Tulloch caught up with Proactive London's Andrew Scott to talk through the firm's latest trading update. He says the business is continuing to develop on all fronts and in particular they're seeing strong distribution interest in the US. Tulloch...

1 week, 6 days ago

2 min read