Cuba MOU Extension

RNS Announcement

RNS Number : 1469X

Ascent Resources PLC

30 April 2021

Ascent Resources plc

("Ascent" or the "Company")

Cuba Update: MOU Extension

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce that, further to the announcement of 12 April 2021, 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.

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

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RNS metadata

Title: Cuba MOU Extension
Time: 07:00:06
Date: 30 Apr 2021
Category: Miscellaneous
ID: 1469X