Highlands, the London-listed natural resources company, is pleased to announce that hydraulic fracturing operations for the six new wells at its East Denver Project will resume this week. Flowback from the new wells is expected in late December 2018 or early January 2019.
The Company also notes that Proposition 112 was not passed in the State of Colorado following the 6 November 2018 election results. This means that the well set-back limits will not be increased from the current 500-feet for occupied buildings and 1,000-feet from school structures. This is a positive step for the Colorado oil and gas industry. Highlands has already filed permits for a 104 well development programme at the West Denver Project and continues its discussions with potential partners for the development of its West Denver Project.