Ascent Resources PLC Provisional Award of IPPC Permit (0219R)
June 24 2015 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 0219R
Ascent Resources PLC
24 June 2015
Ascent Resources plc
("Ascent" or "the Company")
Provisional Award of IPPC Permit
The Board of Ascent is pleased to announce that yesterday it
received a provisional Integrated Pollution Prevention and Control
Permit ("The Permit") from the Environmental Agency in Slovenia in
relation to the installation of a Gas Gathering and Separation
Station ("GGSS") at its Petišovci field.
There will be a further period of 30 days during which time
appeals may be lodged before the permit is declared legally valid.
Once the permit is declared legally valid the Company will be able
to commence procurement and construction for the GGSS and related
infrastructure. The GGSS will enable the Company to process the gas
produced from its two existing wells to a quality acceptable for
the national grid network in Slovenia.
Clive Carver, Chairman of Ascent Resources plc said:
"This is a major step forward in the development of the
Petišovci project. The award has been made after many months
in-depth consideration by the Slovenian authorities of all the
issues in the development of the project including detailed
submissions from objectors to the project.
Although the award is capable of appeal we believe that any
further consideration of the issues would result in the same
outcome it is now only a matter of time before work can start in
earnest on the gas gathering and separation station."
Enquiries:
Ascent Resources plc.
Len Reece / Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Christopher Raggett
Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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