Further Low Cost Acquisition of Oil & Gas Licences in North Dakota

Highlands is pleased to announce that in line with its strategy to capitalise on the current oil price environment to acquire assets at a low cost, it has acquired oil and gas exploration licences covering approximately 1,979.13 acres located in the Williston Basin, North Dakota. The consideration of US$14,411.56 has been satisfied through a cash payment. This latest acquisition brings the Company’s total acreage holding in the area to 3,951.93 acres.