REG - Ascent Resources PLC - Completion of the Sale and Purchase agreement <Origin Href="QuoteRef">ASCR.L</Origin>

Ascent ResourcesAnnouncement

24/08/2016 07:06

RNS Number : 9614H
Ascent Resources PLC
24 August 2016
24 August 2016 
Ascent Resources plc
("Ascent" or the "Company")
Completion of the Sale and Purchase agreement 
Ascent Resources plc (AIM: AST), European oil and gas exploration and production company confirms that it 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 2016.
Completion of the acquisition will allow the Company to move ahead with the work program to recertify the export production pipeline through which Joint Venture gas production will be sold. First gas is expected in early 2017.
Commenting on today's announcement, Colin Hutchinson, CEO, Ascent said:
"I am pleased that the Trameta purchase has been completed without delay. We can now begin to execute the short work program required to commence the production test at Petiovci and I look forward to updating shareholders as we progress towards first gas".
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO
0207 251 4905
Stockdale Limited, Nominated Adviser
Richard Johnson
Edward Thomas
0207 601 6100
IFC Advisory Ltd, Financial PR and IR 
Graham Herring
Tim Metcalfe
Heather Armstrong
0203 053 8671

This information is provided by RNS
The company news service from the London Stock Exchange
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