Operational update - Well Pg-10

RNS Number : 8161U

Ascent Resources PLC

23 January 2017

 

Ascent Resources plc

("Ascent" or the "Company")

Operational update - Well Pg-10

The Board of Ascent is pleased to update shareholders that the additional wireline operations at well Pg-10 have been successfully completed. 

The service team cleared debris from the well and perforated the production tubing at a depth of 3,102 metres where it is in contact with the reservoir.

Following the operation, the well was flared for a short period which indicated the perforations had been made successfully. 

We have therefore mobilised the surface well test team to carry out a flow test.  We anticipate that this work will be completed this week with the results expected to be available soon thereafter.  

We look forward to providing a further update to shareholders in due course. 

Colin Hutchinson, CEO, commented:

"We are pleased that the perforating operation has been successfully completed and look forward to the results of the flow test."

Enquiries:

Ascent Resources plc                                                                                                     0207 251 4905

Clive Carver, Chairman

Colin Hutchinson, CEO

Stockdale Securities Limited, Nominated Adviser and Joint Broker         0207 601 6100

Richard Johnson

Edward Thomas

Northland Capital Partners Limited, Joint Broker                                              0203 861 6625

Tom Price

John Howes      

IFC Advisory Ltd, Financial PR and IR                                                                      0203 053 8671                        

Graham Herring

Tim Metcalfe

Heather Armstrong

 

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