IPPC Permit confirmed

RNS Number : 1246W

Ascent Resources PLC

15 April 2019

 

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

15 April 2019

Ascent Resources plc

("Ascent" or the "Company")

IPPC Permit confirmed

The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency ("ARSO") that the IPPC Permit has been confirmed as fully valid, no further appeals against the permit are possible.   

The IPPC permit is crucially important to the Company and to Slovenia. It allows the installation of a small processing facility which would enable Slovenian gas to be sold into the Slovenian national grid system.  As such the award of the permit marks an important step forward for our field development plan.

Colin Hutchinson, CEO of Ascent Resources plc, commented:

"I am delighted that the IPPC Permit has been granted and we can continue to progress our plans to develop the Petišovci project to its significant potential."

Ascent Resources plc Colin Hutchinson, CEO John Buggenhagen, COO Cameron Davies, Chairman	0207 251 4905
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Viggor	0207 220 1666
Yellow Jersey, Financial PR and IR Tim Thompson / Harriet Jackson / Henry Wilkinson	0203 004 9512

 

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