REG - Ascent Resources PLC - Update on Slovenia Disputes

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RNS Number : 1283W  Ascent Resources PLC  11 March 2026

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11 March 2026

Ascent Resources plc

("Ascent" or the "Company")

Update on Slovenia Disputes

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company,
is pleased to provide a short update on the Company's legacy Slovenian claims,
where recent developments continue to reinforce Ascent Slovenia Limited's
(ASL) position ahead of expected near‑term decisions.

Domestic Disputes

The Slovenian court has fully rejected Geoenergo's challenge to the
jurisdiction of the domestic Arbitration Tribunal which found in ASL's (a
wholly owned subsidiary of the Company) favour in relation to ASL's claim for
approximately €7.8 million in unpaid hydrocarbon production proceeds plus
late interest, as announced on 3 July 2025. The court also noted that no other
creditor contests ASL's claim in the Geoenergo insolvency estate. Further
court decisions are expected in the coming weeks/months (first in relation to
Ascent's court filing for recognition of the arbitral award, and second on
Geoenergo's lawsuit for the invalidation of the arbitral award). Recovery
remains subject to the conclusion of the administration process.

Also as announced on 30 October 2025, ASL continues to defend claims brought
by Petrol Geo d.o.o. against the Joint Venture and remains engaged in seeking
an amicable resolution of both parties' respective claims.

Energy Charter Treaty Dispute

The Company is aware of no delays to the ICSID process and continues to expect
the Tribunal's award on the merits this month. A further update will be
provided in due course.

 

 

Enquiries

 Ascent Resources plc                      info3@ascentresources.co.uk

 Jean-Michel Doublet
 Zeus, Nominated Adviser & Broker          0203 829 5000

 James Joyce / James Bavister
 Fortified Securities, Joint-Broker        0203 411 7773

 Guy Wheatley
 Shard Capital Partners LLP, Joint-Broker  0207 186 9952

 Damon Heath

 

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