Acquires Leasehold Interest

RNS Number : 7589F

Highlands Natural Resources PLC

16 November 2015

 

16 November 2015

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

Acquires Leasehold Interest

Highlands Natural Resources, the London listed oil and gas company, is pleased to announce that in line with its strategy to capitalise on the current oil price environment to acquire assets at a low cost, it has acquired exploration licences covering approximately 1,900 acres located in the Williston Basin, North Dakota.  The consideration of US$19,000 has been satisfied through a cash payment. 

Highlands CEO Robert Price said, "This land has been acquired at an extremely low cost and due to its location, it fits well with our strategy to take advantage of the oil price environment to acquire quality assets.  We will provide further information in due course regarding the land and its potential.  Additionally, we continue to work with the UKLA to return our shares to trading."

**ENDS**

For further information, please visit www.highlandsnr.com, or contact:

Robert Price	Highlands Natural Resources plc	+1 (0)  918 361 7000
Nick Tulloch	Cenkos Securities plc	[phone]
Neil McDonald	Cenkos Securities plc	[phone] / [phone]
Lottie Brocklehurst	St Brides Partners Ltd	[phone]
Elisabeth Cowell	St Brides Partners Ltd	[phone]

 

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