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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% | 1.90 | 1.80 | 2.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 581k | -41.89M | -0.1004 | -0.19 | 7.93M |
From Jun 2023 to Jun 2024
By Joe Hoppe
Ascent Resources shares rose after it said it has secured an "after the event", or ATE insurance policy related to its 656.5 million euros ($700 million) Energy Charter Treaty damages claim against Slovenia.
Shares at 1137 GMT were up 0.3 pence, or 12% at 2.75 pence.
The Europe and Latin America focused energy company said Friday that it should be noted that if it is successful, any amount received may be significantly lower than the full claim.
ATE insurance is a protective policy for claimants, covering most, if not all of legal costs and disbursements if a claim is unsuccessful.
The Energy Charter Treaty is an international energy sector agreement. Ascent is claiming that investments in Slovenia have been unfairly targeted and expropriated by the country.
Slovenia's environment, climate and energy ministry didn't immediately respond to a request for comment.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
September 22, 2023 08:05 ET (12:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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