REG - Ascent Resources PLC - Operational update

Ascent ResourcesAnnouncement

10/09/2018 07:05

RNS Number : 1916A
Ascent Resources PLC
10 September 2018
 


Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
10 September 2018
Ascent Resources plc
("Ascent" or the "Company")
Operational update
Permitting
Further to our permitting update on Friday 10 August 2018, the Board of Ascent is pleased to confirm that amendments requested by the Slovenian Environment Agency (ARSO) were submitted as planned on Tuesday 4 September.             
Production
Total production for the month of August was 727,851 cubic metres (25,679 MCF) down from 816,490 in July (28,834 MCF).  Average daily production in August was 23,456 cubic metres (1.0 MMscfd) down from 26,338 (1.0 MMscfd) in July.
Total revenue to Ascent for July from gas sales is expected to be around €140,000, with an additional €7,000 expected from the sale of condensate.
There will be a planned shut in of the wells for three weeks in September while annual maintenance is carried out by INA at their processing facility. 
Strategic review
The Company is continuing to have positive discussions and hopes to be in a position to update shareholders in due course.
 
 



Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO


0207 251 4905
 




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


0207 220 1666




Yellow Jersey, Financial PR and IR
Tim Thompson / Harriet Jackson / Henry Wilkinson


0203 735 8825



 
 
 
 




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