Member Info for gallini

A very positive day imo, can't wait for them to open the next stage in the next few weeks

Big buy ;-)

The potential of our DTU technology is highly exciting. It can prevent well-bashing in horizontal and vertical wells, improving their performance in tandem. Plus, we still believe that it could be highly desirable to operators looking to refrack their horizontal wells, a process which has not previously been achieved with great success, and in turn trigger a second shale revolution in the US. Given that our testing has mainly been focused on preventing well-bashing, which requires an urgent solution, we have not even scratched the surface in terms marketing it for this purpose, although it is worth bearing in mind that we believe this elegant solution has two future potential applications and therefore, revenue streams

Summer, not long before we open that 3rd stage up

Highlands Natural Resources Plc (LON:HNR) has reported its first revenues during what was a “transformational” six months for the junior oiler.

The London-listed firm brought two wells on stream at its East Denver Niobara project in Colorado earlier this year, generating £2.9mln during the four months ended March 31 2018 (2017: Nil).

Highlands also has permission to increase the number of wells at the project up to eight, with work currently underway to do just that.

A lot to digest a like the helium part a lot

The Directors believe that, subject to the future performance of the Company, this should give the Company the ability to make distributions to shareholders in the future if, as and when the Directors may consider that it is appropriate to do so

At Helios Two, since the date of our Competent Person's Report in 2017, we have more than tripled our acreage and established what we always believed - helium is present in meaningful quantities. This is a challenging project but, as described below, we have been working to prove commerciality and our hope is that the next stage of our work programme which is to unplug the third stage of our frack at the well, and which we plan to start this summer, will take us forward in that respect.

24 July 2018

Highlands Natural Resources plc (‘Highlands’ or the ‘Company’)

Final Results and Notice of AGM



Highlands, the London-listed natural resources company, is pleased to provide its Final Results for the period ended 31 March 2018.



Full Year Highlights



Transformation into a revenue generative company with reduced cost base following the completion of two wells at the East Denver Niobrara Project
£2.9 million of income delivered during four months up to 31 March 2018 from just two wells (2017: Nil) which sit in the top 3% of all horizontal Niobrara wells in Colorado
Strong long-term relationships developed with top industry firms such as Halliburton and True Oil across three divisions:
Shale production and development – Colorado
Enhanced Oil Recovery – DT Ultravert and associated gasses
Helium Exploration
DT Ultravert technology proven to prevent ‘well bashing’ in horizontal and vertical wells and to enhance well productivity
Increased Helios Two Project acreage up to 220,000 acres in southeast Montana which are prospective for natural gas and helium


Post Period End Highlights



$5.4 million cash secured through deal to de-risk East Denver
Six more wells drilled and being developed with full financing from partners
Highlands now has a 7.5% carried interest in first eight wells to produce at the project with additional upside potential to own 7.5% interest in up to 24 wells at no extra cost
Acquisition of the West Denver project – potential to drill at least 48 wells at the location
Galvanising reputation as an innovator in the Enhanced Oil Recovery space through acquisition of nitrogen and carbon dioxide assets
Nitrogen purity levels over 99.59% - anticipated to deliver a supply of feedstock for DT Ultravert and to supply third parties


Highlands Chairman Robert Price said, “This has been a transformational period for Highlands and we are very excited to have reported our first revenues.



“This means that we enter the 2018/2019 financial year in a position of strength. We have reduced our overheads by 30%; strengthened our cash position thanks to the $5.4 million we received through the East Denver transaction; and expect to end the year with a carried interest in eight producing wells which, assuming they are as successful as the first two we drilled, will provide us with a 7.5% working interest in up to 5,000 bopd. Even better, our activities at East Denver are entirely repeatable, providing us with a clear path through which we can build our revenue across multiple shale projects.



“We have made strong strides forward in terms of DT Ultravert too. As well as proving the concept through our testing in the period, the Federal jury trial’s decision to award monetary compensation to parties injured by bashing has highlighted the importance of our solution. Even more importantly, we have reacted to feedback regarding the cost of implementing DT Ultravert having acquire

I'm in the camp of maybe we will get something else, only for the fact the results were June last year, we will see. No drama if not. Dirty Diamond is probably polishing his abacus off as we type

I am interested on how the patent applications are going. I hope someone has asked this and I didn’t get it in before the deadline.

Thank you , agree with the brokers note as well

Wouldn’t you like some icing on the cake after a year of being held back?

Going to be an interesting auction in the morning if we get good news

Best of luck tomorrow everyone let's hope we get a nice surprise

Our results are over a month later than last year, I'm hoping there is a good reason for this.....mmm

We all know it should never have been this low anyway. Low share float and hopefully we will see a justified re rate

Due tomorrow plus q&a at 11

On the leaderboard atm

So we basically know that we have received 3.8 million dollars revenue up to 31st March and then the payment from True, so it would be nice to get a few surprises