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.

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High North Resources Ltd

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Comment by mike270on Jul 24, 2014 8:51am

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Post# 22776799

RE:RE:Setting up Infrastructure

The production so far has been 155 barrels a day of oil per well average that does not even include Natural Gas which would add 50 boe its no wonder HN is now focused on the Gas Plant which would not only make big money but would allow all the drilling they can do with out needing permits to flare . Each well has a estimated value of 19.78 Million so 5x = 98.9 Million Dollars now and 4 more wells would bring a total asset value of 179 Million Dollars with out Property Asset Value

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