logo-loader
RNS
viewAscent Resources PLC

Ascent Resources PLC - Operational update

RNS Number : 1916A
Ascent Resources PLC
10 September 2018
 

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

10 September 2018

Ascent Resources plc

("Ascent" or the "Company")

Operational update

Permitting

Further to our permitting update on Friday 10 August 2018, the Board of Ascent is pleased to confirm that amendments requested by the Slovenian Environment Agency (ARSO) were submitted as planned on Tuesday 4 September.             

Production

Total production for the month of August was 727,851 cubic metres (25,679 MCF) down from 816,490 in July (28,834 MCF).  Average daily production in August was 23,456 cubic metres (1.0 MMscfd) down from 26,338 (1.0 MMscfd) in July.

Total revenue to Ascent for July from gas sales is expected to be around €140,000, with an additional €7,000 expected from the sale of condensate.

There will be a planned shut in of the wells for three weeks in September while annual maintenance is carried out by INA at their processing facility. 

Strategic review

The Company is continuing to have positive discussions and hopes to be in a position to update shareholders in due course.

 

 

Ascent Resources plc

Clive Carver, Chairman

Colin Hutchinson, CEO

0207 251 4905

 

WH Ireland, Nominated Adviser & Broker

James Joyce / Chris Viggor

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
OUPEAKNXELLPEFF

Quick facts: Ascent Resources PLC

Price: 2.25

Market: AIM
Market Cap: £1.33 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE