Ascent Resources PLC Production update and payment of first invoice (1965B)
January 08 2018 - 2:00AM
UK Regulatory
TIDMAST
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 EUR303,181.
-- 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
This information is provided by RNS
The company news service from the London Stock Exchange
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