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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 | 2.10 | 2.20 | 176,932 | 08:00:24 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.22 | 9.18M |
From Apr 2019 to Apr 2024
TIDMAST
RNS Number : 6798F
Ascent Resources PLC
16 July 2019
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
16 July 2019
Ascent Resources plc
("Ascent" or the "Company")
Permitting update
The Board of Ascent would like to confirm that an appeal has been filed against the recent decision of the Environment Ministry.
As reported on 14 June 2019, the Environment Ministry in Slovenia rejected the appeal from the joint venture partners against the decision of the Slovenian Environmental Agency (ARSO) to require a full environmental impact assessment for well stimulation of the existing wells, Pg-10 and Pg-11A.
The deadline for filing an appeal to the Administrative Court was 15 July 2019 and the partners have filed their appeal.
The decision of ARSO and the Environment Ministry ignores the opinion of the six independent expert bodies whose advice ARSO sought. In breach of EU law, the decision also mistakenly concluded that the project fell within a conservation area and misapplied EU case law in relation to mitigation measures.
The Company is working to prepare legal claims for damages against the Republic of Slovenia for breaches of EU law which will be pursued in domestic and international courts. The Board will update shareholders on funding for litigation in due course.
Ascent Resources plc Colin Hutchinson, CEO Dr John Buggenhagen, COO Dr Cameron Davies, Chairman 0207 251 4905 WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge 0207 220 1666 SP Angel, Joint Broker Richard Redmayne / Richard Hail 0203 470 0470
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCZMGMNLVRGLZG
(END) Dow Jones Newswires
July 16, 2019 06:00 ET (10:00 GMT)
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