3rd May 2018 10:42
LONDON (Alliance News) - Oil and gas exploration company Highlands Natural Resources PLC said Thursday that it drilled its fifth well at the East Denver Niobrara project.
The project is funded by True Oil LLC after an agreement with Highlands reached in April, which sees the entire capital costs of at least six additional wells funded by Highlands' partners. Once finished the total number of wells at East Denver will be eight.
The news follows Highlands' announcement on Wednesday that it drilled its fourth well at the same location.
Highlands shares were trading up 0.68% at 20.82 pence.
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Highlands Natural ResourcesZOE.L