Ascent Resources PLC (AIM:AST) | RNS | Ascent Resources PLC - Slovenia Operation & Joint Venture Partner Update proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Slovenia: Ascent Resources announces Slovenia operations and JV partner update
10 Mar 2021
Ascent Resources, the onshore Caribbean, Hispanic American and European focused energy and natural resources company, has announced an update on its operations in
Slovenia and ongoing matters with JV partners.
Petisovci Project Operations Update
Further to the announcement of 9 February, production at the
PG-11A well has now restarted following agreement with INA, in Croatia, to re-open the pipeline evacuation route and to receive export sales gas without a minimum offtake commitment for the initial days of production stabilisation. An average production rate in excess of 20,000 scm/day has initially been recorded. The JV will continue to monitor production over the coming days and only thereafter commit, to INA, daily sales gas delivery volumes on a weekly basis. Revenues received from gas sales will first go towards accrued and continuing JV operational overheads.
Ascent Resources Regulatory News Live AST RNS Regulatory News Articles for Ascent Resources Plc Ord 0 5P lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
IN BRIEF: Ascent Resources Raises GBP1 Million For ESG Metals Plan
Thu, 11th Feb 2021 15:01
Ascent Resources PLC - onshore energy firm focused in Caribbean and Europe - Includes Environmental, Social & Governance principles, which involves the reclassification of stockpiled surface mining waste as a valuable asset for reprocessing and commercial sale to industry, governments and metals traders.
Ascent is looking at several potential projects in Hispanic America, South Africa and Australia, with opportunities in gold, silver, platinum, base metals and ferrochrome.
To assist with pursuing this new strategy, the company has raised GBP1 million through an oversubscribed subscription and placing of 10.0 million shares at a price of 10.1 pence each.