REG - Ascent Resources PLC - Slovenia Notice of Dispute: Update

Ascent ResourcesAnnouncement

22/10/2020 07:00

RNS Number : 8472C
  
Ascent Resources PLC
  
22 October 2020
  
 

22 October 2020
Ascent Resources plc
("Ascent" or the "Company")
Slovenia Notice of Dispute : Update
 
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company is pleased to provide an update on the previously announced disputes with the Government of the Republic of Slovenia under the UK - Slovenia bilateral investment treaty ('BIT') and the Energy Charter Treaty ('ECT').  
Further to the Notice of Dispute submitted on 23rd July 2020 the Company now confirms that it is entering into direct negotiations with the Republic of Slovenia, with a view to potentially settling the claim in an amicable manner in the short term. All such negotiations will be carried out on a strictly confidential, without prejudice and privileged basis.
The Company further confirms the aforementioned negotiations with the Government of the Republic of Slovenia shall not prejudice the Company's rights to pursue its investment treaty claim under the BIT and ECT. 
Enquiries:



Ascent Resources plc
Andrew Dennan


Via Vigo Communications
 




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


0207 220 1666




SP Angel, Joint Broker
Richard Hail, Caroline Rowe
 


0203 470 0470



 

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