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Ascent Resources PLC Ord 0.5P (AST)

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26-Jun-2020 08:11 AM

Ascent Resources warns on future; losses more than double

Energy and natural resources company Ascent Resources reported losses that more than doubled and warned of 'material uncertainty' over its future. Under the group's forecasts, the funds raised together with existing bank balances provide
20-Sep-2019 07:42 AM

Ascent Resources announces half year report; details change in management

Ascent Resources announced its half year report, with revenue dropping off from £1,281,000 down to £242,000. Loss for the period after tax increased from £611,000 to £994,000, with closing cash on 30 June 2019 being £531,000
20-Sep-2019 07:21 AM

Ascent Resources announces completion of £1m subscription

Ascent Resources plc has entered into a subscription agreement for £1,080,500 before costs, with RiverFort Global Opportunities PCC Limited through a subscription for 393,000,000 shares at 0.275 pence per ordinary share. This was a premium of 10% to
13-May-2019 02:04 PM

Ascent Resources books annual loss in 'challenging year'

Ascent Resources posted an full-year loss after rising revenue as overshadowed by sales costs, asset depreciation and administrative expenses. Pre-tax losses for the year through December amounted to £1.4m, compared to losses of £2.0m on-year
08-Jan-2018 09:04 AM

Ascent receives payment for Petisovci sales

Ascent Resources said it had received payment of €303,181 for the invoice of gas and condensate sold from the Petisovci field in Slovenia during November. It said 1,716,172 cubic metres (60,607 MCF) of gas was produced in November which equated to
15-Nov-2017 09:32 AM

Ascent update on Petisovci exports

Ascent Resources has issued an update on the start of export production from the Petisovci field in Slovenia. The company started export production from well Pg-10 on 2 Nov and production from well Pg-11A was added on 3 Nov. Ascent said both wells ha
07-Nov-2017 02:05 PM

Ascent schedules shareholder conference call

Ascent Resources said it will host a shareholder conference call on 29 November to update analysts and investors. The CEO, Colin Hutchinson, will host the call followed by a question and answer session. At 2:05pm: (LON:AST) Ascent Resources PLC shar
03-Nov-2017 09:18 AM

Ascent starts export gas production from Petisovci

Ascent Resources has started export gas production from the Petisovci field in Slovenia to INA in Croatia. It said: 'The recertification of the pipeline has been processed by the Croatian government and on Thursday 2 Nov, well Pg-10 was turned on, a
30-Oct-2017 11:40 AM

Broker Forecast - Beaufort Securities issues a broker note on Ascent Resources PLC

Beaufort Securities today reaffirms its buy investment rating on Ascent Resources PLC (LON:AST) and cut its price target to 2.80p (from 2.86p). Story provided by
20-Oct-2017 07:47 AM

Ascent update on starting Petisovci exports

Ascent Resources has issued an update on the progress towards starting export production from the Petisovci asset to INA in Croatia. On 28 Sep the company advised in its interim statement that the final step in the process was the recertification of the
28-Sep-2017 09:46 AM

Ascent pre-tax losses narrow

Ascent Resources' pre-tax losses rose to £1.2m for six months to the end of June compared with £1.3m last time. The group had revenues of £154,000 (2016: nil) but administrative expenses rose to £921,000 from £676,000.
18-Jul-2017 08:01 AM

Ascent sees significant progress at Petisovci project

Ascent Resources said it had made significant progress at the Petisovci project in Slovenia. It said the completion of the necessary infrastructure was progressing well and the line from the CPP to the export line had passed the technical inspection and
06-Jun-2017 07:55 AM

Petisovci on time and budget, says Ascent

Ascent Resources has confirmed that work on its Petisovci project in Slovenia remains on schedule. It said that the downhole portion of the operations to prepare Pg-11A to produce and sell gas was expected to finish in the next seven days following whic
08-May-2017 02:19 PM

Ascent schedules AGM

Ascent Resources has confirmed that the Company's Annual General Meeting will be held on Monday 12 June. At 2:19pm: (LON:AST) Ascent Resources PLC share price was -0.03p at 1.83p Story provided by
05-May-2017 02:14 PM

Ascent updates in IPPC appeal

Ascent Resources confirmed that the Company has been informed by its partners in Slovenia that a further appeal has been lodged with the Slovenian Administrative Court by the same individual against the decision of the Slovenian Environment Agency and the
02-May-2017 09:54 AM

Ascent updates on Petisovci progress

Ascent Resources said work has started to allow gas to be sold from well Pg-11A in addition to Pg-10, at the Petisovci field in Slovenia. Well Pg-11A was initially drilled in 2011 to a total depth of 3,500 metres, the well was side-tracked from 1,778 met
13-Apr-2017 07:26 AM

Ascent confirms first gas from Slovenia well

Ascent Resources has confirmed that commercial production has started from well Pg‑10. Ascent said it had been involved in Slovenia for nearly ten years and almost €45m had been invested over the course of the project by the company and its
31-Mar-2017 07:51 AM

Ascent welcomes IPPC permit decision

Ascent Resources said it had been informed that an appeal made in relation to the IPPC permit had once again been dismissed as being without merit. The company said the permit was needed for the installation of a gas treatment facility at the Petisovci
10-Mar-2017 02:22 PM

Ascent Resources issues shares

Ascent Resources has issued 159,701,787 new Ordinary Shares in respect of a notice of exercise to convert 1,528,737 convertible loan notes of £1 each. At 2:22pm: (LON:AST) Ascent Resources PLC share price was -0.2p at 1.93p Story provided by
01-Mar-2017 12:40 PM

Broker Forecast - Northland Capital issues a broker note on Ascent Resources PLC

Northland Capital today initiates coverage of Ascent Resources PLC (LON:AST) with a buy investment rating and price target of 4.30p. Story provided by
30-Jan-2017 08:11 AM

Petisovci well tests exceed expectations, says Ascent

Ascent Resources said flow test results at Pg-10 - one of its wells on the Petisovci project in Slovenia - have exceeded management's expectations. Ascent said the maximum stabilised flow rate was 8.8 million standard cubic feet of gas per day whic
23-Jan-2017 04:17 PM

Ascent clears debris from well

Ascent Resources said the service team has cleared debris from well Pg-10 and perforated the production tubing at a depth of 3,102 metres where it is in contact with the reservoir. Ascent said that following the operation, the well was flared for a sho
06-Jan-2017 07:51 AM

Ascent update on work programmes

Ascent Resources has issued an update on the work programmes required to deliver first gas in the first quarter of this year. Ascent says well Pg-10 has been successfully recompleted with the permanent bridge plug knocked through and two holes punched i
19-Sep-2016 07:43 AM

Ascent losses narrow

Ascent Resources posts a pre-tax loss of £1.3m for the six months to the end of June - down from £2.7m last time. The group said highlights in the period of the end of June include: Highlights: - Raised £1.5million in new equity
24-Aug-2016 04:14 PM

Ascent completes Trameta purchase

Ascent Resources has carried out the necessary procedures at the office of the public notary in Ljubljana to complete the purchase of Trameta doo, detailed in the company's announcement of 1 August. Completion of the acquisition will allow the Co

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