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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -6.38% | 2.20 | 2.20 | 2.40 | 2.35 | 2.30 | 2.35 | 659,309 | 16:35:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.23 | 9.6M |
From Apr 2019 to Apr 2024
TIDMAST
RNS Number : 4326N
Ascent Resources PLC
09 May 2018
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
9 May 2018
Ascent Resources plc
("Ascent" or the "Company")
Operational Update
Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, updates shareholders on operations at the Petisovci concession in Slovenia.
As previously announced, an operation on Pg-11A was completed in March 2018 and the well was brought back into production on 28 March 2018.
To date production from the well has not been improved by the operation. During the month the Company carried out additional procedures to offload produced water, but these have not resulted in any sustained improvement in production rates. The well continues to produce significant quantities of liquid which is restricting the rate at which gas is able to flow.
Production has been temporarily suspended from Pg-11A to facilitate maintenance work on the export pipeline to rectify issues resulting from water production. Further investigation will take place into the underlying reasons for the presence of liquids in the gas before a decision is taken on how best to remedy the situation at Pg-11A.
Average daily production for April was 1.4 MMscfd which was in line with March. Total production for April was 1,191,058 cubic metres (42,062 MCF) compared to 1,242,948 cubic metres (43,894 MCF) for March 2018.
The majority of April production came from well Pg-10. Pg-10 has flowed continuously during the period.
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
END
UPDUGUWPAUPRPWR
(END) Dow Jones Newswires
May 09, 2018 02:01 ET (06:01 GMT)
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