Proactive Investors - Run By Investors For Investors

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.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full HNR profile View Profile

Highlands Natural Resources PLC Timeline

Related Articles

oil rig
May 29 2019
Wressle public inquiry scheduled for 5 November 2019 and expected to last six days.
oil rig
May 16 2019
Zubair Corporation will pay US$5mln in two tranches to develop Ntorya
oil well
May 02 2019
US Oil & Gas has submitted an application to frack the Eblana-3 well along with a hydrogeology report.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use