REG - Ascent Resources PLC - Update on Slovenia Operations

Ascent ResourcesAnnouncement

06/04/2023 12:00

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RNS Number : 6596V  Ascent Resources PLC  06 April 2023

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

6 April 2023

Ascent Resources plc

("Ascent" or the "Company")

Update on Slovenia Operations

Ascent Resources Plc (LON: AST), the onshore Hispanic American and European
focussed energy and natural resources company announces that, following the
recent successful partial settlement of the dispute with its Slovenian
partner, as announced on 4 April 2023, the Company now expects to initiate the
PG-11A maintenance and operational works once the payments from the settlement
agreement are received and updated documentation (reflecting the impact of the
settlement) is completed. In the mean time, Ascent Slovenia Limited is
reviewing and updating the work program to reflect recent developments in
country. Further announcements will be made at the appropriate time.

Enquiries:

 Ascent Resources plc                        Via Vigo Communications

 Andrew Dennan
 WH Ireland, Nominated Adviser & Broker      0207 220 1666

 James Joyce / Sarah Mather
 Novum Securities, Joint Broker              0207 399 9400

 Jon Belliss

 

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