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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 | 2.30 | 2.19 | 2.30 | 1,101,730 | 08:44:46 |
| 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 : 0346C
Ascent Resources PLC
13 June 2019
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
13 June 2019
Ascent Resources plc
("Ascent" or the "Company")
Permitting update
The Board of Ascent would like to provide the following update to shareholders on permitting in Slovenia.
A report has appeared on a Slovenian government website that the partners appeal against the issuance of the permit to re-stimulate Pg-10 and Pg-11A has been denied by the Environment Ministry.
The Company has not received any direct official confirmation from the Environment Ministry.
If the report is officially confirmed the Board will consider all potential courses of action including arbitration and a claim for damages against the Republic of Slovenia. This claim will not just consider the investment in the project to date of around EUR50 million but should take into account the projected future value of the project which was expected to be a multiple of this amount.
Colin Hutchinson, CEO of Ascent Resources plc, commented:
"This is a deeply disappointing and flawed decision which again has been communicated to the media before the partners had been informed. If the decision is officially confirmed, the Board will consider next steps including legal action."
Ascent Resources plc Colin Hutchinson, CEO John Buggenhagen, COO 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 Yellow Jersey, Financial PR and IR Tim Thompson / Harriet Jackson / Henry Wilkinson 0203 004 9512
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
MSCFMGMVLZFGLZM
(END) Dow Jones Newswires
June 13, 2019 02:01 ET (06:01 GMT)
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