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High North Resources Ltd HNTHF

Energy Oil & Gas E&P
High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.


GREY:HNTHF - Post by User

High North Resources Ltd
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Comment by OILANDGASon Mar 04, 2014 9:55am
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Post# 22277100

RE:RE:High North starts production testing third Montney well

RE:RE:High North starts production testing third Montney wellWith break up around the corner and the fact that these wells are on a limited test period, shut-in of these wells during breakup will occur. They need to put in pipelines to conserve the gas and move the oil and salt water. If they do not have these in place by the end of March they will be shut-in. This is the problem with small companies doing horizontal drilling programs with limited financial strength. The next financing will be much lower than the price today because they need the cash. Lots of potential but they need monies to continue.
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