REG - Ascent Resources PLC - Recertification of Export Production Pipeline <Origin Href="QuoteRef">ASCR.L</Origin>

Ascent ResourcesAnnouncement

04/11/2016 07:01

RNS Number : 3061O
Ascent Resources PLC
04 November 2016
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
Ascent Resources plc
("Ascent" or "the Company")
Recertification of Export Production Pipeline
The Board of Ascent is pleased to announce that the export production pipeline which runs from the Petiovci field to the Croatian border has been recertified at the operating pressure required for production. 
This pipeline will be connected to wells Pg10 and Pg11A via the existing processing plant and used to transport gas produced from the Petiovci field to Croatia. A purchase order for the connection of the pipelines has been approved and planning work is underway.
Colin Hutchinson, CEO, commented:
"I am pleased that another task has been successfully completed and that the pipeline can be used without the need for refurbishment; we will continue to progress the remaining work programmes required to make the wells ready for production and look forward to revenues in early 2017."
Enquiries:
Ascent Resources plc  0207 251 4905
Clive Carver, Chairman
Colin Hutchinson, CEO
Stockdale Securities Limited, Nominated Adviser and Broker0207 601 6100
Richard Johnson
Andy Crossley
Ed Thomas
 
Northland Capital Partners Limited, Broker0203 861 6625
Tom Price
John Howes 
Abigail Wayne
IFC Advisory Ltd, Financial PR and IR                                     0203 053 8671  
Graham Herring
Tim Metcalfe
Heather Armstrong

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