Ascent Resources PLC IPPC Permit Update (0478U)
July 24 2015 - 7:13AM
UK Regulatory
TIDMAST
RNS Number : 0478U
Ascent Resources PLC
24 July 2015
Ascent Resources plc
("Ascent" or "the Company")
IPPC Permit Update
The Board of Ascent would like to update the market on the
following operational matters with regards to the IPPC Permit.
The Company understands that there has been at least one
objection to the award of the Integrated Pollution Prevention and
Control ("IPPC") Permit from the Environmental Agency in Slovenia
in relation to the installation of a Gas Gathering and Separation
Station at its Petišovci field. Ascent has yet to receive formal
notification of such objections. Nevertheless, on the assumption
that such objections have been lodged, the IPPC permit award is
likely to be referred to the Environment Minister in the first
instance for further consideration and potentially thereafter to
the Slovenian Courts before it is declared legally valid. While the
outcome and timing of this process is uncertain, the Board
continues in the expectation that the issuance of the IPPC permit
will be finally confirmed.
Enquiries:
Ascent Resources plc.
Clive Carver / Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Christopher Raggett/Emily Watts
Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
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