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Ascent Resources PLC - Presentation to Oil Capital Conference

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 €1 million;

·      Revenues for the first three months of export production (3 November 2017 to 31 January 2018) will also be close to €1 million

 

In addition, he will confirm that the cash balance at 31 December 2017 was greater than £1 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
 
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Quick facts: Ascent Resources PLC

Price: 2.25

Market: AIM
Market Cap: £1.33 m
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