Ascent Resources PLC Completion of the Sale and Purchase agreement (9614H)
August 24 2016 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 9614H
Ascent Resources PLC
24 August 2016
24 August 2016
Ascent Resources plc
("Ascent" or the "Company")
Completion of the Sale and Purchase agreement
Ascent Resources plc (AIM: AST), European oil and gas
exploration and production company confirms that it has carried out
the necessary procedures at the office of the public notary in
Ljubljana to complete the purchase of Trameta doo, detailed in the
Company's announcement of 1 August 2016.
Completion of the acquisition will allow the Company to move
ahead with the work program to recertify the export production
pipeline through which Joint Venture gas production will be sold.
First gas is expected in early 2017.
Commenting on today's announcement, Colin Hutchinson, CEO,
Ascent said:
"I am pleased that the Trameta purchase has been completed
without delay. We can now begin to execute the short work program
required to commence the production test at Petišovci and I look
forward to updating shareholders as we progress towards first
gas".
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO 0207 251 4905
Stockdale Limited, Nominated
Adviser
Richard Johnson
Edward Thomas 0207 601 6100
IFC Advisory Ltd, Financial
PR and IR
Graham Herring
Tim Metcalfe
Heather Armstrong 0203 053 8671
This information is provided by RNS
The company news service from the London Stock Exchange
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