StockMarketWire.com - Natural resources group Highlands said Monday it had withdrawn 28 of its 104 drilling permit applications relating to areas nearby Standley Lake for its West Denver project following recommendations of regulators and local interest groups.

The drilling and spacing unit applications for the remaining 76 wells on the project remained unchanged, the company said.

'As a company, Highlands is committed to the highest standards of operation and we had no hesitation in following the recommendations of the regulators and local interest groups, said Highlands Chairman Robert Price.

'Our West Denver Project covers over 5,200 acres and the minor amendment to our plans around Standley Lake is expected to have no bearing on the project's overall economic viability.'


At 8:41am: [LON:HNR] Highlands Natural Resources Plc share price was 0p at 13.75p



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