Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
08 January 2018
Ascent Resources plc
("Ascent" or "the Company")
Production update and payment of first invoice
The Board of Ascent Resources plc is pleased to update shareholders on production from the Petisovci field in Slovenia.
· The invoice for gas and condensate sold during November has been settled in accordance with the agreements. Ascent's share of the proceeds (net of selling costs) was received on 5 January 2018. This amounted to €303,181.
· Total gas produced for November was 1,716,172 cubic metres (60,607 MCF) which equates to 59,178 cubic metres per day (2.1 MMscfd) for the 29 days of production.
· During December this has increased to 1,975,207 cubic metres (69,754 MCF) which equates to 63,716 cubic metres per day (2.3 MMscfd) for the 31 days of production.
We look forward to providing production updates on a quarterly basis going forward.
Enquiries:
Ascent Resources plc Clive Carver, Chairman Colin Hutchinson, CEO |
0207 251 4905 |
WH Ireland, Nominated Adviser & Broker James Joyce / Alex Bond |
0207 220 1666 |
Yellow Jersey, Financial PR and IR Tim Thompson / Harriet Jackson / Henry Wilkinson |
0203 735 8825 |
