Good news13 Mar 2019 13:32
Great news HNR is A strong asset backed company, it has 8 wells earning 7.5% per well,
Earning from both GAS and Water, it has Nitrogen and Argon sales in the pipeline.
No matter how negative our best friends can be they can never take away the fact that this company has strong assets, income no debt. Trying to force this price down is like trying to push a balloon full of helium under water, it will keep bouncing back up All new people to this site and also those looking to sell read the Many RNS's that have come out recently, yes there was one negative there but everything else far out weighs this.
This is an honest overview of Highlands
Highlands Natural Resources’ strategy is to develop a portfolio of projects whereby approximately 80% of projects generate secure and sustainable revenue while the other projects demonstrate the potential for exciting capital appreciation. This strategic objective is well advanced and we are generating revenue.
In terms of our individual areas of operation, our strategic objectives are as follows:
Colorado shale – spearheaded by our East Denver Project, we expect revenues to be more than sufficient to cover overheads for 2019 with 8 wells currently producing. We continue to examine opportunities to expand the project area as well as evaluating new development opportunities for our portfolio.
Highlands Water Resources – our innovative plan to address water shortages on fracking sites is already delivering revenue. A core objective for 2019 is to seek to expand these operations and therefore secure a stable services-based revenue for the Company.
Kansas nitrogen discovery – this may represent the most exciting development for Highlands in 2019. We have delivered our first commercial sales to organic cannabis growers in Colorado and, based on the level of enquiries and ongoing discussions we have at present, we anticipate further positive developments over the coming months.
Enhanced oil recovery – we believe that our re-fracking and well protection technology, DT Ultravert, remains a potentially disruptive influence on the oil & gas industry and we continue to examine profitable applications. Securing a proprietary nitrogen supply will make it far more cost effective. Alongside this, but a longer-term objective, is our carbon dioxide asset.
Montana Project – this represents a more speculative opportunity for Highlands. Sustainable gas production marks a critical milestone but further work is required before the resource becomes economic.