- Title:
Cuba Update: MOU Extension - Time:
07:00:09 - Date:
2 Nov 2020 - Category:
Corporate updates - ID:
8497D
2 November 2020
Ascent Resources plc
("Ascent" or the "Company")
Cuba Update: MOU Extension
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company is pleased to announce that, further to the announcements of 14 and 30 April 2020, it has agreed a six month extension to the Memorandum of Understanding ('MOU') which it has signed with CUPET, the Cuban national oil company, that gives the Company the exclusive right to negotiate the Production Sharing Contracts ('PSCs') for the onshore producing Block 9B and onshore exploration Blocks 9A, 12 and 15. The MOU extension follows delays in country as a result of COVID-19 protection and isolation measures that were successfully implemented in Cuba over the last couple of months. Havana is expected to re-open and accept international travellers in November.
Enquiries:
| Ascent Resources plc Andrew Dennan
|
Via Vigo Communications
|
| WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge |
0207 220 1666 |
| Novum Securities, Joint Broker John Belliss
|
0207 399 9400 |
Cuba Update: MOU Extension07:00:092 Nov 2020Corporate updates8497D