Highlands Resources gets Arizona nod for lease acquisition
StockMarketWire.com - Highlands Resources said Arizona state had approved the grant of leases to the company covering over 46,000 acres of land prospective for commercial volumes of carbon dioxide.
The company was now 'ideally positioned' to commence discussions with a range of potential end users, with a view to exploring the opportunity to secure funding for future drilling, the company said.
Carbon dioxide was used in a broad range of applications, and of particular relevance to Highlands, would be used in the oil and gas industry to extract in-place oil from pressure depleted wells.
At 1:50pm: (LON:HNR) Highlands Natural Resources Plc share price was +0.25p at 21.13p
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