Ascent Resources PLC Cuba MOU Extension (1469X)
April 30 2021 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 1469X
Ascent Resources PLC
30 April 2021
30 April 2021
Ascent Resources plc
("Ascent" or the "Company")
Cuba Update: MOU Extension
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic
American and European focused energy and natural resources company,
is pleased to announce that, further to the announcement of 12
April 2021, it has agreed a six month extension to the Memorandum
of Understanding ('MOU') which it has signed with CUPET, the Cuban
national oil company, that gives the Company the exclusive right to
negotiate the Production Sharing Contracts ('PSCs') for the onshore
producing Block 9B and onshore exploration Blocks 9A, 12 and 15.
The MOU extension follows delays in country as a result of COVID-19
protection and isolation measures that were successfully
implemented in Cuba.
Enquiries:
Ascent Resources plc Via Vigo Communications
Andrew Dennan
WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge 0207 220 1666
Novum Securities, Joint Broker
John Belliss 0207 399 9400
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