Ascent Resources PLC Production update and payment of first invoice (1965B)

TIDMAST

RNS Number : 1965B

Ascent Resources PLC

08 January 2018

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

08 January 2018

Ascent Resources plc

("Ascent" or "the Company")

Production update and payment of first invoice

The Board of Ascent Resources plc is pleased to update shareholders on production from the Petisovci field in Slovenia.

-- The invoice for gas and condensate sold during November has been settled in accordance with the agreements. Ascent's share of the proceeds (net of selling costs) was received on 5 January 2018. This amounted to EUR303,181.

-- Total gas produced for November was 1,716,172 cubic metres (60,607 MCF) which equates to 59,178 cubic metres per day (2.1 MMscfd) for the 29 days of production.

-- During December this has increased to 1,975,207 cubic metres (69,754 MCF) which equates to 63,716 cubic metres per day (2.3 MMscfd) for the 31 days of production.

We look forward to providing production updates on a quarterly basis going forward.

Enquiries:

 
 Ascent Resources plc 
  Clive Carver, Chairman 
  Colin Hutchinson, CEO        0207 251 4905 
 WH Ireland, Nominated 
  Adviser & Broker 
  James Joyce / Alex Bond      0207 220 1666 
 Yellow Jersey, Financial 
  PR and IR 
  Tim Thompson / Harriet 
  Jackson / Henry Wilkinson    0203 735 8825 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 08, 2018 02:00 ET (07:00 GMT)