RE: DT Ultravert!2 Jun 2018 13:27
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"