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Highlands Natural Resources Plc Share Chat (HNR)



Share Price: 23.75Bid: 23.50Ask: 24.00Change: 0.00 (0.00%)No Movement on Highlands Nat
Spread: 0.50Spread as %: 2.13%Open: 23.50High: 23.75Low: 23.25Yesterday’s Close: 23.75


Share Discussion for Highlands Natural Resources Plc


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dazza2251
Posts: 928
Off Topic
Opinion:No Opinion
Price:23.75
drilling
Today 05:23
why the delay ? money ? rig?
 
substp
Posts: 5,653
Observation
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 23:02
To clarify something....

"The property has been nominated for auction by a third-party (not the State Land Board). While the State Land Board reserves the right to pull the tract from nomination consideration, right now we are proceeding with our process to bring the tract to auction. At this point, Staff believes that would likely be in May."
substp
Posts: 5,653
Observation
Opinion:No Opinion
Price:23.75
..
Mon 22:45
And sent 1pm on a holiday to boot (Presidents Day)...Impressive.
substp
Posts: 5,653
Observation
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 22:38
That would be 14 wells that could be drilled before they have to worry about section 33.
substp
Posts: 5,653
Observation
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 22:33
Hey HD...I too received an email from Catie..... I believe the third party nomination could be HNR...... The next auction we can apply for is in May...

https://docs.google.com/document/d/1A8yfmfXmcMtx802wRxktdSuzkFeCrF5tE9XT8ms3Qa0/edit

Yes we have had a SUA on 33 for some time now but I believe it was when they were going to drill everything (31/34) from 2 pads on section 33.

I can see approval for a total of 8 wells coming up on sections 31/32,. with 33/34 at a later time...
HopefulDave
Posts: 2,459
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 22:28
Haha. Well it’s a pretty useles parcel by itself.

COGCC seem to favour the 1280 acre parcels.

So surely only Conoco, Renegade or Highlands have any real use for it, or me lol.

Really don’t understand why Renegade let it go, unless it’s more expensive to drill 33 than pay for a new lease!

Happy for the current play on 15-16 to move forward for now, plenty to be getting on with.
BlackHopper
Posts: 760
Off Topic
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 21:35
Thanks HD. Not sure what the outcome will be but I guess this is infact why we have elected to 'go for it' and drill all 6 on 15-16 now and develop tha double unit to the initial max, while this scenario plays out. At this stage we just need to get 15-16 all sorted, drilled and fracked and gas line sorted out. I'm sure RP knows the deal on the other section lease options. That said, maybe you should bid for the parcel and the 'farm out' to HNR ;-)
jndavid490
Posts: 2,709
Off Topic
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 21:21
Hopeful,great and interesting, can't understand Renegade letting this happen,and there antics forced it to happen, oh well.
HopefulDave
Posts: 2,459
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 21:10
It would have waited until August if not nominated but as it was it will go up for grabs in May.

Still intrigued that they not sure what the state of the SUA is with Highlands on it.....?
HopefulDave
Posts: 2,459
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:23.75
RE: So I did a little digging.
Mon 20:34
Ah jumped the gun.

So SLB can identify tracts for auction or they can be nominated by oil and gas industry.

I.E. rather than waiting someone has already nudged and said can you auction this parcel rather than waiting for it to come up on their radar?

Interesting on the “ active “ SUA for Highlands original 8 acre Pad though..




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