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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.20 | 2.10 | 2.30 | 2.20 | 2.15 | 2.20 | 700,813 | 08:00:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.22 | 9.18M |
TIDMAST
RNS Number : 0748N
Ascent Resources PLC
04 August 2017
4 August 2017
Ascent Resources plc
("Ascent" or the "Company")
Operational Update - commencement of test production
The Board of Ascent Resources plc (AIM: AST), the European focused oil & gas exploration and production company, is pleased to provide an update on progress with its Petišovci project in Slovenia.
Infrastructure to produce to INA
The installation of the necessary infrastructure to accommodate export production has now been completed.
The operational certificate has been received for the pipeline from the CPP to the export line.
Refurbishment of the separation equipment at the CPP has completed. The refurbished separator has been installed and connected to the existing plant. To complete testing, we will switch the current flow of gas from Pg-10 through the refurbished infrastructure this morning (Friday 4(th) August). This gas will continue to be sold locally during testing.
Our customer, INA, has received initial positive feedback from the authorities in relation to the re-certification of its pipeline on the Croatian side of the border. The authority has asked for clarification on a number of points which we have been advised should be completed shortly. Once the recertification has been finalised production of gas to INA will commence.
Well Pg-11A
The service company which has been contracted to complete the operations at well Pg-11A arrived on-site on 1 August after procuring the required tooling, we have made good progress over the past few days and will provide a further update in due course. Once this final operation has been completed the well will be connected through to the CPP via the flowline which has already been constructed.
Colin Hutchinson, CEO, commented:
"We are pleased that the infrastructure to produce is now ready and that the recertification on the Croatian side of the border is moving towards a positive conclusion."
Enquiries:
Ascent Resources plc Clive Carver, Chairman 0207 251 Colin Hutchinson, CEO 4905 Stockdale Securities Limited, Nominated Adviser and Joint Broker Richard Johnson 0207 601 Edward Thomas 6100 Northland Capital Partners Limited, Joint Broker 0203 861 Tom Price 6625 Abchurch, Financial PR and IR 0207 398 Tim Thompson 7700
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 04, 2017 02:00 ET (06:00 GMT)
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