Operational update

RNS Number : 8885U

Ascent Resources PLC

27 October 2017

 

27 October 2017

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

Ascent Resources plc

("Ascent" or "the Company")

Operational update

The Board of Ascent Resources Plc, the European focused oil & gas exploration and production company (AIM:  AST), is pleased to update shareholders on the progress towards commencing export production from the Petišovci asset to INA in Croatia.

On 20 October 2017 the Company reported that the final stage in the recertification of the export pipeline was an exchange of signatures which the Company had been informed would be completed shortly.  The Company has been advised that the document was sent from the Ministry to INA where it has been reviewed, signed and returned to the Ministry for their final approval.  The Company has been told that this should be completed shortly.

Once this signature is received the Company will begin to export gas production.

The Company is also raising funds through a PrimaryBid Offer, details of which can be found in the following RNS.

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

 

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