Replacement: Updated Flow Back Data

RNS Number : 6866W

Highlands Natural Resources PLC

16 November 2017

 

The following press release replaces the press release of the same title released at 07:00 on 16 November 2017. The percentage increase in the production rate has been corrected to 60.4% with no further changes made to the press release.

16 November 2017

Highlands Natural Resources plc

('Highlands' or 'the Company')

Updated Flow Back Data from the Wildhorse and Powell Wells at the East Denver Project

Highlands, the London-listed natural resources company, is pleased to update the market of continuing progress in flow back operations at the East Denver Project, which have so far reached a combined flowrate of 1,022 BOE per day from the Wildhorse and Powell Wells, measured during the 24-hour period ending at 10:00pm (MST) on 15 November. These figures reflect a 60.4% increase in the production rate since the prior market update on 10 November. Highlands notes that oil and gas production volumes and fluid percentages continue to rise steadily and remain in-line with expectations, and the Company will announce a definitive Initial Production ("IP") result in the coming weeks once production rates stabilize.

THIS RELEASE CONTAINS INSIDE INFORMATION.

**ENDS**

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

Robert Price	Highlands Natural Resources plc	+1 (0)  303 322 1066
Brinsley Holman	Keith Bayley Rogers	[phone]
Neil McDonald	Cenkos Securities plc	[phone] / [phone]
Lottie Brocklehurst	St Brides Partners Ltd	[phone]
Hugo de Salis	St Brides Partners Ltd	[phone]

 

END

 

 

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