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 Petišovci 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 Petišovci 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 Broker 0207 601 6100
Richard Johnson
Andy Crossley
Ed Thomas
Northland Capital Partners Limited, Broker 0203 861 6625
Tom Price
John Howes
Abigail Wayne
IFC Advisory Ltd, Financial PR and IR 0203 053 8671
Graham Herring
Tim Metcalfe
Heather Armstrong
