Presentation to Oil Capital Conference

RNS Number : 5276D

Ascent Resources PLC

01 February 2018

 

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

Ascent Resources plc

("Ascent" or "the Company")

Presentation to Oil Capital Conference

The Board of Ascent Resources plc would like to inform shareholders that Colin Hutchinson, CEO of Ascent Resources, will deliver a presentation at the Oil Capital Conference taking place later today. 

During the presentation he will provide an update on January production;

·      Production for January 2017 was 2.6 MMscfd for 31 days of continuous production;

·      This is an increase of 14% on December (2.3 MMscfd) and a 23% increase on November (2.1 MMscfd);

·      Total production for January 2018 was approximately 79,749 MCF (2,250,000 cubic metres); compared with 69,754 MCF (1,975,207 cubic metres) for December and 60,607 MCF (1,716,172 cubic metres) for November.

·      Revenues for the year to 31 December 2017, from local and export production, will be close to €1 million;

·      Revenues for the first three months of export production (3 November 2017 to 31 January 2018) will also be close to €1 million. 

In addition, he will confirm that the cash balance at 31 December 2017 was greater than £1 million.

A copy of the presentation will be made available on the company website.

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

 

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