Ascent Resources PLC Operational update (1380U)
October 20 2017 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 1380U
Ascent Resources PLC
20 October 2017
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
20 October 2017
Ascent Resources plc
("Ascent" or "the Company")
Operational update
The Board of Ascent Resources plc, the AIM quoted European oil
and gas exploration and production company, would like to update
shareholders on the progress towards commencing export production
from the Petišovci asset to INA in Croatia.
On 28 September 2017 the Company advised in its interim
statement that the final step in the process was the
recertification of the export pipeline by the Croatian government,
and that this was expected to be completed shortly.
While this process has taken longer than expected it has
successfully moved forward through a number of stages between
different government departments and INA.
The final stage is an exchange of signatures between INA and the
Croatian authorities which the Company has been advised to expect
within a short timeframe.
Once this stage has been completed the Company will begin to
export gas production.
Colin Hutchinson, CEO of Ascent, commented:
"All those associated with the project are keen to commence
export production as soon as possible and every effort is being
made to make this happen."
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO 0207 251 4905
WH Ireland, Nominated Adviser
& Broker
James Joyce / Alex Bond 0207 220 1666
Yellow Jersey, Financial
PR and IR
Tim Thompson / Harriet Jackson
/ Henry Wilkinson 0203 735 8825
This information is provided by RNS
The company news service from the London Stock Exchange
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