Ascent Resources in discussions with multiple parties following strategic review
6th Aug 2018 09:29
(Sharecast News) - Following a strategic review of the company back in April, natural gas company Ascent Resources has entered into discussions with several parties covering a range of different transactions aimed at keeping its head above water.
Read moreAscent Resources confirms gas flow test on Thursday
25th Jan 2017 11:39
(ShareCast News) - Ascent Resources noted the jump in its share price on Wednesday and confirmed that a well test is set to commence at the Pg-10 well, which is part of the Petišovci project in Slovenia, on Thursday. Ahead of the test, which is designed to last several days, gas is being flared to c
Read moreAscent Resources completes operations on Pg-10 well
23rd Jan 2017 11:08
(ShareCast News) - Ascent Resources, an AIM listed independent energy company, has successfully completed wireline operations at its Pg-10 well. The service team have cleared debris from the well and perforated production tubing at a depth of 3,102m where it is in contact with the reservoir. The we
Read moreAscent Resources progressing towards first gas
6th Jan 2017 09:31
(ShareCast News) - Ascent Resources issued an update to shareholders on Thursday, on the work programmes required to deliver first gas in Q1 2017. The AIM-traded firm said well Pg-10 has been successfully recompleted with the permanent bridge plug knocked through and two holes punched in the product
Read moreSmall win for Ascent Resources in Slovenian legal battle
11th Nov 2016 12:15
(ShareCast News) - Ascent Resources announced on Friday that it has been informed by the Environment Agency in Slovenia that the partners in the Petišovci project will not be required to carry out a full environmental impact assessment prior to the award of an IPPC Permit to install a new processing
Read moreAscent Resources' shares surge as it raises £500,000
9th Jun 2016 14:12
(ShareCast News) - Ascent Resources' shares are up more than 15% after it raised £500,000, net to the company, in a placing of 83,33m new shares at 0.6p each to meet its working-capital requirements into 2017. The oil and gas exploration and production company said the funds would enable it to conti
Read moreAscent Resources raises £500,000 in discounted placing
1st Jun 2016 12:50
(ShareCast News) - Shares in Slovenia-focused Ascent Resources dived about 30% after it raised £500,000 in a discounted placing of 83.33m shares, giving it sufficient working capital until the end of third-quarter 2016. The oil and gas exploration and production company raised the money at 0.6p a sh
Read moreSlovenia court rips up permit for Ascent Resources project
6th May 2016 13:47
(ShareCast News) - European oil and gas exploration and production company Ascent Resources revealed a disappointing development on the decision from the Administrative Court of Slovenia over its IPCC environmental permit application. The AIM-traded firm said the contractor to its joint venture that
Read moreAscent Resources descends as Cadogan walks away
1st Apr 2016 10:28
(ShareCast News) - Shares in Ascent Resources lost more than two-thirds of their value after the company failed to agree takeover terms with suitor Cadogan Petroleum, which did not share Ascent's view of the value of its Petišovci asset in Slovenia. Ascent said that its view of the value of the comp
Read moreAscent Resources moves closer to production in Slovenia
24th Feb 2016 15:03
(ShareCast News) - Ascent Resources was heading towards production at its Slovenian asset on Wednesday, with the board updating the market on its three possible routes to first gas. The AIM-traded oil and gas exploration and production company said its long-term goal was to clean the gas from the Pe
Read moreAscent Resources rallies after restructuring EnQuest debt
9th Jul 2015 09:48
Shares in Ascent Resources surged 12% after the company said it has reached an agreement with EnQuest to restructure a debt of approximately £3m due for repayment in December 2015 into around £2m of convertible loan notes. In December, Ascent entered into an agreement with fellow oil and gas company
Read moreAscent Resources knows no reason for recent stock surge
14th Apr 2015 16:14
Shares in AIM-listed Ascent Resources surged by a half on Tuesday and have now more than doubled over the past two days, though the oil and gas group said it didn't know why. The stock was up 50.86% at 0.264p by 15:51, having touched a high of 0.45p earlier on. Shares jumped from 0.12p to 0.18p on M
Read moreAscent Resources appoint new finance director
20th Aug 2014 12:30
Oil and gas producer Ascent Resources has announced the appointment of Colin Hutchinson as finance director with immediate effect. Hutchinson has been serving as group financial controller and company secretary for the group since March 2013, having previously occupied the role of financial control
Read moreAscent Resources disposes of PetroHungaria Kft
25th Apr 2013 10:18
Oil and gas company Ascent Resources has agreed to dispose of its dispose of its 48.66 per cent interest in loss-making PetroHungaria Kft. PetroHungaria Kft, which has an interest in the Penészlek field, was sold to joint venture partners, DualEx Energy International, Swede Resources and Geomega fo
Read moreAscent shares decline on open offer plans
12th Apr 2013 13:38
Shares in oil and gas company Ascent Resources fell by nearly a third on Friday after the group announced plans to issue shares through an open offer and convertible loan notes as part of its agreement with Henderson Global Investors. The company plans to issue either 500m ordinary shares at 0.5p
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