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AST Ascent Resources Plc

2.50
-0.11 (-4.21%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources Plc LSE:AST London Ordinary Share GB00BJVH7905 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.11 -4.21% 2.50 2.50 2.60 2.65 2.55 2.60 2,015,853 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 581k -41.89M -0.1004 -0.25 10.64M

Ascent Resources PLC Completion of the Sale and Purchase agreement (9614H)

24/08/2016 7:00am

UK Regulatory


Ascent Resources (LSE:AST)
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TIDMAST

RNS Number : 9614H

Ascent Resources PLC

24 August 2016

24 August 2016

Ascent Resources plc

("Ascent" or the "Company")

Completion of the Sale and Purchase agreement

Ascent Resources plc (AIM: AST), European oil and gas exploration and production company confirms that it has carried out the necessary procedures at the office of the public notary in Ljubljana to complete the purchase of Trameta doo, detailed in the Company's announcement of 1 August 2016.

Completion of the acquisition will allow the Company to move ahead with the work program to recertify the export production pipeline through which Joint Venture gas production will be sold. First gas is expected in early 2017.

Commenting on today's announcement, Colin Hutchinson, CEO, Ascent said:

"I am pleased that the Trameta purchase has been completed without delay. We can now begin to execute the short work program required to commence the production test at Petišovci and I look forward to updating shareholders as we progress towards first gas".

Enquiries:

 
 Ascent Resources plc 
  Clive Carver, Chairman 
  Colin Hutchinson, CEO          0207 251 4905 
 Stockdale Limited, Nominated 
  Adviser 
  Richard Johnson 
  Edward Thomas                  0207 601 6100 
 IFC Advisory Ltd, Financial 
  PR and IR 
  Graham Herring 
  Tim Metcalfe 
  Heather Armstrong              0203 053 8671 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 24, 2016 02:00 ET (06:00 GMT)

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