REG - Ascent Resources PLC - Cuba MOU Extension

Ascent ResourcesAnnouncement

30/04/2021 07:05

RNS Number : 1469X
  
Ascent Resources PLC
  
30 April 2021
  
 

30 April 2021                                       
Ascent Resources plc
("Ascent" or the "Company")
Cuba Update: MOU Extension
 
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce that, further to the announcement of 12 April 2021, it has agreed a six month extension to the Memorandum of Understanding ('MOU') which it has signed with CUPET, the Cuban national oil company, that gives the Company the exclusive right to negotiate the Production Sharing Contracts ('PSCs') for the onshore producing Block 9B and onshore exploration Blocks 9A, 12 and 15. The MOU extension follows delays in country as a result of COVID-19 protection and isolation measures that were successfully implemented in Cuba.
Enquiries:



Ascent Resources plc
Andrew Dennan


Via Vigo Communications
 




WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge


0207 220 1666




Novum Securities, Joint Broker
John Belliss
 


0207 399 9400
 
 



 
 

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