REG - Ascent Resources PLC - Update to Slovenian Partner Dispute

Ascent ResourcesAnnouncement

04/07/2022 09:15

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RNS Number : 1812R  Ascent Resources PLC  04 July 2022

4 July 2022

Ascent Resources plc

("Ascent" or the "Company")

Senior Judge Appointed to mediate Slovenian Partner Dispute

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and
European focussed energy and natural resources company, announces that the
Company and its Slovenian Joint Venture ("JV") partner, Geoenergo, have
 agreed to initiate the dispute resolution mechanism in the JV contract and
accordingly have initiated the mediation process. A Court of Appeal, High
Court Ljubljana Judge has now been appointed as the mediator between the joint
venture partners.  Mediation is expected to be initiated shortly.

Further updates will be announced as appropriate.

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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