AST Ascent Resources Plc

TIDMAST

RNS Number : 5276D

Ascent Resources PLC

01 February 2018

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

Ascent Resources plc

("Ascent" or "the Company")

Presentation to Oil Capital Conference

The Board of Ascent Resources plc would like to inform shareholders that Colin Hutchinson, CEO of Ascent Resources, will deliver a presentation at the Oil Capital Conference taking place later today.

During the presentation he will provide an update on January production;

   --      Production for January 2017 was 2.6 MMscfd for 31 days of continuous production; 

-- This is an increase of 14% on December (2.3 MMscfd) and a 23% increase on November (2.1 MMscfd);

-- Total production for January 2018 was approximately 79,749 MCF (2,250,000 cubic metres); compared with 69,754 MCF (1,975,207 cubic metres) for December and 60,607 MCF (1,716,172 cubic metres) for November.

-- Revenues for the year to 31 December 2017, from local and export production, will be close to EUR1 million;

-- Revenues for the first three months of export production (3 November 2017 to 31 January 2018) will also be close to EUR1 million.

In addition, he will confirm that the cash balance at 31 December 2017 was greater than GBP1 million.

A copy of the presentation will be made available on the company website.

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

END

MSCWGUQCGUPRGAG

(END) Dow Jones Newswires

February 01, 2018 02:00 ET (07:00 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