Ascent Resources PLC Cuba MOU Extension (1469X)

TIDMAST

RNS Number : 1469X

Ascent Resources PLC

30 April 2021

30 April 2021

Ascent Resources plc

("Ascent" or the "Company")

Cuba Update: MOU Extension

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce that, further to the announcement of 12 April 2021, it has agreed a six month extension to the Memorandum of Understanding ('MOU') which it has signed with CUPET, the Cuban national oil company, that gives the Company the exclusive right to negotiate the Production Sharing Contracts ('PSCs') for the onshore producing Block 9B and onshore exploration Blocks 9A, 12 and 15. The MOU extension follows delays in country as a result of COVID-19 protection and isolation measures that were successfully implemented in Cuba.

Enquiries:

 
 Ascent Resources plc                      Via Vigo Communications 
  Andrew Dennan 
 WH Ireland, Nominated Adviser & Broker 
  James Joyce / Chris Savidge              0207 220 1666 
 Novum Securities, Joint Broker 
  John Belliss                             0207 399 9400 
 

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April 30, 2021 02:00 ET (06:00 GMT)