Production update and payment of first invoice

RNS Number : 1965B

Ascent Resources PLC

08 January 2018

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