Operational update

RNS Number : 1916A

Ascent Resources PLC

10 September 2018

 

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

10 September 2018

Ascent Resources plc

("Ascent" or the "Company")

Operational update

Permitting

Further to our permitting update on Friday 10 August 2018, the Board of Ascent is pleased to confirm that amendments requested by the Slovenian Environment Agency (ARSO) were submitted as planned on Tuesday 4 September.             

Production

Total production for the month of August was 727,851 cubic metres (25,679 MCF) down from 816,490 in July (28,834 MCF).  Average daily production in August was 23,456 cubic metres (1.0 MMscfd) down from 26,338 (1.0 MMscfd) in July.

Total revenue to Ascent for July from gas sales is expected to be around €140,000, with an additional €7,000 expected from the sale of condensate.

There will be a planned shut in of the wells for three weeks in September while annual maintenance is carried out by INA at their processing facility. 

Strategic review

The Company is continuing to have positive discussions and hopes to be in a position to update shareholders in due course.

Ascent Resources plc Clive Carver, Chairman Colin Hutchinson, CEO	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 735 8825

 

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