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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 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.22 | 9.18M |
TIDMAST
RNS Number : 4784Z
Ascent Resources PLC
20 May 2019
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
20 May 2019
Ascent Resources plc
("Ascent" or the "Company")
Purchase of mobile compressor unit
Ascent Resources plc, the European focused oil and gas exploration and production company is pleased to announce that it has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia.
The supplier is expected to install and commission the mobile compressor unit in Q4 2019. Once installed the compressor is expected to allow increased, stable production from well Pg-10 and will significantly extend the life of this well. The equipment will also be used on well Pg-11A to address the performance issues which have restricted production from that well over the past year.
When the Company is able to re-stimulate Pg-10 and Pg-11A the compression equipment may be used on other wells in the field to further increase production.
Colin Hutchinson, CEO of Ascent Resources plc, commented:
"I am pleased that we have sourced suitable compression equipment in the region and signed a comprehensive contract with warranty and maintenance provisions. We look forward to installing the unit and the resulting increase in production."
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
MSCLLFVLERITLIA
(END) Dow Jones Newswires
May 20, 2019 02:00 ET (06:00 GMT)
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