Source - RNS
RNS Number : 1347K
Highlands Natural Resources PLC
19 September 2016

19 September 2016


Highlands Natural Resources plc ('Highlands' or 'the Company')

Commences Drilling at Helios Two, Montana


Highlands Natural Resources, the London-listed natural resources company, is pleased to announce that drilling operations at its Helios Two natural gas and helium prospect in southeast Montana commenced on 18 September 2016 following a rapid permitting and approval process.  The first well (Helios Well 5-52 16-22) will generate significant valuable data for the evaluation and assessment of the prospect.


The targeted result of Highlands' pilot programme is to demonstrate the technical and economic viability of dewatering, validate the engineering and economics outlined in the RPS Competent Person's Report announced on 26 June 2016, and affirm RPS' projections of the long-term economic potential of the Helios Two prospect.  Highlands expects to release initial quantitative results to the market on an on-going basis once production commences.


Highlands CEO Robert B. Price said, "This is a significant milestone for Highlands and demonstrates the efforts of our efficient engineering team who have completed the permitting and mobilisation stages rapidly.   We will commence a de-watering process once the well and surface facilities are complete and will provide the market with additional updates including the results of coring, gas analysis, well completion, preliminary testing and de-watering operations in due course." 






For further information, please visit, or contact:


Robert Price

Highlands Natural Resources plc

 +1 (0)  918 361 7000

Nick Tulloch

Cenkos Securities plc

+44 (0) 131 220 9772

Neil McDonald

Cenkos Securities plc

+44 (0) 131 220 9771 /

+44 (0) 207 397 1953

Lottie Brocklehurst

St Brides Partners Ltd

+44 (0) 20 7236 1177

Elisabeth Cowell

St Brides Partners Ltd

+44 (0) 20 7236 1177


This information is provided by RNS
The company news service from the London Stock Exchange

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