Fri, 26th Apr 2019 07:00
26 April 2019
Highlands Natural Resources plc ('Highlands' or 'the Company')
Change of Registered Office
Further to its announcement on 16 April 2019, Highlands is pleased to confirm that Nick Tulloch is due to be appointed to the Board and commence his role as Finance Director and Company Secretary on 1 May 2019. Melvyn Davies will step down from the Board concurrently but will continue to assist Highlands as a consultant for approximately two months to effect a smooth transition.
Highlands also announces that with effect from 1 May 2019 the Registered Office of the Company will be changed to 25 Walbrook, London EC4N 8AF.
For further information:
Highlands Natural Resources plc
Robert Price +1 (0) 303 322 1066
Cantor Fitzgerald Europe
David Porter +44 (0) 20 7894 7000
Fiona Norman +44 (0) 20 3757 6880
Notes to Editors
Highlands (LSE: HNR.L) is a London-listed natural resources company with a portfolio of high-potential assets and technologies. The Company's core projects include:
· Colorado Shale: Highlands holds a 7.5% carried interest in the East Denver Niobrara shale project. East Denver is currently producing from eight wells, with the potential for up to 24 wells in total. At its West Denver project, Highlands holds c. 5,300-acres of leases geologically similar to the East Denver project. This division also includes its patented anti well-bashing technology, DT Ultravert, successfully deployed in the Permian basin in 2018 and Piceance basin in 2016.
· Kansas Gas Resource: 3,457-acres with the first well producing hydrogen-nitrogen with an initial flow rate of 2,581 Mcfpd. Potential for an additional 24 wells.
· Highlands Water Resources: formed to facilitate a range of initiatives focused on easing the water shortage currently being experienced across the US oil and gas industry, and particularly across more arid States such as Colorado. Utilises the E10X modular solar powered water-recycling units. Highlands is also exploring the potential to supply water from its 154,072 acreage in Montana.
- Zoetic Organics: newly formed subsidiary targeting the production of premium organic CBD products into wholesale and retail channels from a 33,000 sq. ft. indoor facility (potential annual harvest of 40,000 hemp plants) and an initial 20-acre outdoor growing facility (potential annual harvest of 50,000 hemp plants).