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Company
Ascent Resources PLC
LON:AST
Ascent Resources PLC is an independent oil and gas exploration and production company that was admitted on AIM, operated by the London Stock Exchange, in November 2004 (LSE:AST). Since then its portfolio has consisted of predominantly European onshore projects. Ascent currently operates the Petišovci tight gas project in Slovenia which it considers to be an outstanding prospect.
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Ascent Resources gas flow test beats expectations
The well in Slovenia is part of the Petišovci project and the positive results bring Ascent closer to bringing the field online.
Ascent on the rise ahead of well test tomorrow
The largest share price risers and fallers in London at 4pm
Ascent Resources shares advance ahead of gas flow test
The junior energy company is working to reopen a well that was originally drilled in 2011 now that it has agreed a gas sales deal.
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Ascent Resources boosted by environmental ruling
An appeal against the decision has been lodged. However, Ascent is confident the permit will be fully awarded next year.
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Ascent is now only months away from cash flow from Slovenian gas
It has some hurdles to overcome, but with a multi-million dollar asset strategically positioned in a safe jurisdiction, it is under-valued compared to its peers
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Ascent Resources' £4.5mln placing sets it on path to first gas
The funds have been raised via the issue of around 359.9mln shares at 1p each and a £1mln subscription for new loan notes in the firm.
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