Ascent Resources PLC Permitting Update (6798F)
July 16 2019 - 6:00AM
UK Regulatory
TIDMAST
RNS Number : 6798F
Ascent Resources PLC
16 July 2019
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
16 July 2019
Ascent Resources plc
("Ascent" or the "Company")
Permitting update
The Board of Ascent would like to confirm that an appeal has
been filed against the recent decision of the Environment
Ministry.
As reported on 14 June 2019, the Environment Ministry in
Slovenia rejected the appeal from the joint venture partners
against the decision of the Slovenian Environmental Agency (ARSO)
to require a full environmental impact assessment for well
stimulation of the existing wells, Pg-10 and Pg-11A.
The deadline for filing an appeal to the Administrative Court
was 15 July 2019 and the partners have filed their appeal.
The decision of ARSO and the Environment Ministry ignores the
opinion of the six independent expert bodies whose advice ARSO
sought. In breach of EU law, the decision also mistakenly concluded
that the project fell within a conservation area and misapplied EU
case law in relation to mitigation measures.
The Company is working to prepare legal claims for damages
against the Republic of Slovenia for breaches of EU law which will
be pursued in domestic and international courts. The Board will
update shareholders on funding for litigation in due course.
Ascent Resources plc
Colin Hutchinson, CEO
Dr John Buggenhagen, COO
Dr Cameron Davies, Chairman 0207 251 4905
WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge 0207 220 1666
SP Angel, Joint Broker
Richard Redmayne / Richard Hail 0203 470 0470
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END
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