Ascent Resources PLC Recertification of Export Production Pipeline (3061O)

TIDMAST

RNS Number : 3061O

Ascent Resources PLC

04 November 2016

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

Ascent Resources plc

("Ascent" or "the Company")

Recertification of Export Production Pipeline

The Board of Ascent is pleased to announce that the export production pipeline which runs from the Petišovci field to the Croatian border has been recertified at the operating pressure required for production.

This pipeline will be connected to wells Pg10 and Pg11A via the existing processing plant and used to transport gas produced from the Petišovci field to Croatia. A purchase order for the connection of the pipelines has been approved and planning work is underway.

Colin Hutchinson, CEO, commented:

"I am pleased that another task has been successfully completed and that the pipeline can be used without the need for refurbishment; we will continue to progress the remaining work programmes required to make the wells ready for production and look forward to revenues in early 2017."

Enquiries:

Ascent Resources plc 0207 251 4905

Clive Carver, Chairman

Colin Hutchinson, CEO

   Stockdale Securities Limited, Nominated Adviser and Broker                        0207 601 6100 

Richard Johnson

Andy Crossley

Ed Thomas

Northland Capital Partners Limited, Broker 0203 861 6625

Tom Price

John Howes

Abigail Wayne

IFC Advisory Ltd, Financial PR and IR 0203 053 8671

Graham Herring

Tim Metcalfe

Heather Armstrong

This information is provided by RNS

The company news service from the London Stock Exchange

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November 04, 2016 03:00 ET (07:00 GMT)