Ascent Resources PLC Recertification of Export Production Pipeline (3061O)
November 04 2016 - 3:00AM
UK Regulatory
TIDMAST
RNS Number : 3061O
Ascent Resources PLC
04 November 2016
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
Ascent Resources plc
("Ascent" or "the Company")
Recertification of Export Production Pipeline
The Board of Ascent is pleased to announce that the export
production pipeline which runs from the Petišovci field to the
Croatian border has been recertified at the operating pressure
required for production.
This pipeline will be connected to wells Pg10 and Pg11A via the
existing processing plant and used to transport gas produced from
the Petišovci field to Croatia. A purchase order for the connection
of the pipelines has been approved and planning work is
underway.
Colin Hutchinson, CEO, commented:
"I am pleased that another task has been successfully completed
and that the pipeline can be used without the need for
refurbishment; we will continue to progress the remaining work
programmes required to make the wells ready for production and look
forward to revenues in early 2017."
Enquiries:
Ascent Resources plc 0207 251 4905
Clive Carver, Chairman
Colin Hutchinson, CEO
Stockdale Securities Limited, Nominated Adviser and Broker 0207 601 6100
Richard Johnson
Andy Crossley
Ed Thomas
Northland Capital Partners Limited, Broker 0203 861 6625
Tom Price
John Howes
Abigail Wayne
IFC Advisory Ltd, Financial PR and IR 0203 053 8671
Graham Herring
Tim Metcalfe
Heather Armstrong
This information is provided by RNS
The company news service from the London Stock Exchange
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