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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential



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Fadec92
5 Jun '18

Premium Chat Member
East Denver.

1. Drilling Completed for Buckskin and Grizzly.

2. Ouray - Thunder - Citadel - Hagar Drilled Vertical Section, Cased and Cemented.

3. WildHorse and Powell in production and are top 3% in Niobrara Formation.

4.Fully funded for drill program with entire capital costs with an 7.5% unrisked also additional wells funded by Highlands' partners.

5.Natural gas purchase agreement with a local pipeline operator for its East Denver Project in Colorado with monetisation of natural gas and associated liquids.

West Denver

1. 48 XRL horizontal shale wells double the scale of the entire East Denver project subject to regulatory and commercial approvals.

2. 100% working interest across 2,490 net acres with the potential to increase the West Denver land position over time.

3. Total costs to date for the leases are US$50,000.

4. Numerous similarities with East Denver the Niobrara formation shows prominently under the West Denver acreage, also other attractive shale targets including the Codell formation.

5. Highlands seeks to maintain a significant carried interest without dilution or capex burden for shareholders.

6. Quick permitting and development process with West Denver's surface area largely unencumbered by urban development, and is consolidated into closely grouped parcels

DTU

1. Drill ready in a week to aim for an abundant low-cost nitrogen gas reserves.

2. Purchase of 800 acres of land leased for appraisal.

3.Established itself as a bonded operator in Kansas.

4. Opportunity to become a low-cost nitrogen producer and, most importantly, would secure nitrogen supplies for the Company's proprietary DT Ultravert technology.

5. Company's priority is to advance the commercialisation of DTU through licensing agreements and direct service revenue.

6. Highlands may acquire strategically aligned resources or assets that directly benefit DTU commercialisation.

7. Horizontal well Protection showing DT Ultravert's technical success in a 1 mile well in the Permian Basin the biggest in North America with a 477 rig count 6 times bigger than the next best Eagle Ford with 80 rigs also with a Vertical Test in the Piceance Basin in Colorado.

8. Horizonal well group was proved to not only to be protected from bashing but increase oil and gas production to 15% not just on IP (initial Production) but over the course of months on the overall reserve extraction EUR (Estimated Ultimate Recovery).

9. Patents (4) allowed for DT Ultravert as a Diverter in Refracks and Parent Well Protection.

Helios

1. The Company's next step is to drill out the bridge plug currently sealing Stage #1 in Helios 5-52 16-22. This operation is targeted for Q3 2018. In Stage #1, Highlands deployed a fresh water clay hydration completion aimed to create swelling-related cracks and permeability over a multi-month process. If this test is successful, this will go some way to validating the project.

Permian Basin Rig Count

http://insights.energentgroup.com/weekly-rig-counts-in-permian

 

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Fadec92
6 Jun '18

Premium Chat Member
Highlands are looking at a source where nitrogen exists in a natural state, so if the drill is sucessfull the costs of production will be much lower than using the 2 industry standards of

1.Separation Units.
2.Membrane Technology.

The source should be at sufficient purity to cover all of DT Ultravert needs and due to the estimated size of the resource from the RNS it can potentially cover other uses of know Oil and Gas recovery Technologys that uses Nitrogen as a major component and Highlands can become a supplier of this in oil and gas wells as a service company along with DT Ultravert, so I'm sure in the supply of nitrogen to the oil and gas industry with the Enhance recovery and artificial lift can also form connections and deals and perform further work for DT Ultravert.

Look up!

1.Enhanced Oil and Gas Recovery.
2.Artificial Lifting (low pressure wells)

Although the recent nitrogen announcement brings more focus to DTU there are other potential applications and supply chains for low cost/high purity nitrogen which becoming a supplier would be creating another revenue stream for the Company

Which are!

Industry needs ie Medical, PCB's, Fertilisers, Stainless Steel Production, Explosives and Food Preservation.

So the Drill!

"Highlands will drill a vertical well to a depth of approximately 3,150 feet, perforate multiple zones and, if successful, hopes to achieve sustained large quantities of long-term nitrogen flow rates from the first well. Based on the project modelling carried out by the Company's technical staff"

Fadec92
6 Jun '18

Premium Chat Member
The plan is to test a potential nitrogen reserve to supply the nitrogen to roll out DT Ultravert by improving the margins with the highest cost in the delivery of DT Ultravert being cut.

Would have been preparing for a while, reasons -

1.800 acres of land leased for appraisal.
2.Drill ready in two weeks.
3.Established itself as a bonded operator in Kansas.

This is also in an undisclosed location not to let anyone know, I should imagine if successful then a more fuller leasing activity would take place, so by the end of next week would be near drill time to test a formation in a state known for high content of Nitrogen and Helium discovery in the state of Kansas!

Also good to know is the strategic positioning of the location in Kansas where Denver Colorado is the adjoining state to the west and Oklahoma and Texas joins to the south, both are where the court case occurred where a precedent was set for a well bashing instance where an operator was awarded a payout from damages from frack fluid interference and a damaged well.

and

Highlands latest test in the Permian Basin where a 1 mile Horizonal well group was proved to not only to be protected from bashing but increase oil and gas production to 15% not just on IP (initial Production) but over the course of months on the overall reserve extraction EUR (Estimated Ultimate Recovery

Fadec92
6 Jun '18

Premium Chat Member
Other service company's Schlumberger and Halliburtons go direct to the bigger Air products distributors to supply their Nitrogen needs and at a much higher costs as the Air product company's use bigger infrastructure and plant to convert the air into the Nitrogen.

Helium is often found in commercial quantities in high nitrogen gas but there is no mention of this in the RNS not too mislead people, also worth noting that the giant Hugoton gas field, the Panoma gas field and about a dozen Niobrara gas fields are on the Colorado side of the border.

Fadec92
9 Jul '18

Premium Chat Member
Update on Kansas Nitrogen Project with second longer flowtest.

Successful First Flow Test of 1769 MCF/d from a Recompletion which perforated the Cedar Hills formation a High Pressure Reservoir at a depth of 2,150 feet, Second Flow Rates Test of 2,581 Mcfpd over 46% increase in flow rates. Nitrogen purity levels received back from Isotech Labortory measured of over 99.59% Purity.

So this Secures Nitrogen supplies for DT Ultravert technology and also a New Revenue stream in Kansas for Production and Supplies of low-cost Nitrogen to the Industry.

In the RNS Highlands have payed Nitrogen prices of DT $9.04 - $11.70 which is 3 - 4 times higher price than Natural Gas, also In talks with Kansas Oil and Gas Commission on the Gas Reserve and Talking to an operator to test the Carlile shale formation which consists of the Codell Formation, previously sampled wells in area have exceeded 95% Nitrogen.

Arizona CO2 Priject.

Also a new project has been started to supplement DT with Enhanced Oil Recovery (EOR) with the purchase of 46,000 acres in Arizona for a Prospective CO2 Resource to supply the Permian Basin needs in Enhanced Oil Recovery (EOR) which can increase the Oil Extracted for well by 75%.



The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.

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