REG - Ascent Resources PLC - Cuba Update: MOU Extension

Ascent ResourcesAnnouncement

02/11/2020 07:06

RNS Number : 8497D
  
Ascent Resources PLC
  
02 November 2020
  
 

2 November 2020
Ascent Resources plc
("Ascent" or the "Company")
Cuba Update: MOU Extension
 
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company is pleased to announce that, further to the announcements of 14 and 30 April 2020, 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 over the last couple of months. Havana is expected to re-open and accept international travellers in November.
 
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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