Ascent Resources PLC Operational Update (2126D)
July 05 2016 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 2126D
Ascent Resources PLC
05 July 2016
5 July 2016
Ascent Resources plc
("Ascent" or "the Company")
Operational Update
Ascent Resources plc (AIM: AST), European oil and gas
exploration and production company is pleased to provide an update
on the status of the legal agreements required to progress its
alternative route to market.
On 1 June 2016 we reported that there were two legal agreements
required to progress the alternative route to market, one of which
was in agreed form and the second was at an advanced stage.
The first agreement has now been agreed and is ready for
signing
All of the significant commercial issues in the second contract
have now been agreed by the project group and the process of
obtaining approval from the respective boards has begun. The
intention is to sign both agreements together and provide a further
update to shareholders at that time.
Despite the delays in achieving formal sign off we are confident
that the Company remains on track to produce gas by the end of the
year.
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO 0207 251 4905
Stockdale Securities Limited,
Nominated Adviser
Richard Johnson
Edward Thomas 0207 601 6100
IFC Advisory Ltd, Financial
PR and IR
Graham Herring
Tim Metcalfe
Heather Armstrong 0203 053 8671
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUGUWPMUPQPUC
(END) Dow Jones Newswires
July 05, 2016 02:00 ET (06:00 GMT)
Ascent Resources (LSE:AST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ascent Resources (LSE:AST)
Historical Stock Chart
From Apr 2023 to Apr 2024