Ascent Resources PLC - Production update

RNS Number : 3594V

Ascent Resources PLC

08 April 2019

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

08 April 2019

Ascent Resources plc

("Ascent" or the "Company")

Production update

The Board of Ascent would like to provide the following update to shareholders on production for the month of March from the Petišovci field in Slovenia.

Total production for March was 334,410 cubic metres (11,810 Mcf / 2,036 boe) an average of 0.4 MMscfd / 66 boepd) and revenue for the month was €44,095.

Total production for February was 311,443 cubic metres (10,998 Mcf / 1,896 boe) an average of 0.4 MMscfd / 71 boepd) and revenue for the month was €44,513.

Further updates on the installation of compression equipment to increase and prolong production from the field and progress on permitting will be given in due course.

Ascent Resources plc

Colin Hutchinson, CEO

John Buggenhagen, COO

Cameron Davies, Chairman

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 004 9512

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Market: AIM

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