Ascent 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
Read moreAscent Resources agrees drawdown financing facility
12th Feb 2013 09:06
Acent Resources, an AIM-listed European oil and gas exploration and production company, has formally entered into a 10m pound equity financing facility with Darwin Strategic, a majority owned subsidiary of Henderson Global Investors' Volantis Capital. Scott Richardson Brown, Finance Director said:
Read moreAscent Resources granted loan to repay debts
24th Dec 2012 09:57
Ascent Resources has been granted another loan to repay debts and finance projects in the New Year. The European-focused oil and gas exploration company has entered into an agreement with Henderson Global Investors and Henderson Alternative Investment Advisor for the subscription of convertible loa
Read moreAscent Resources plunges after update
3rd Dec 2012 08:44
Shares of European oil and gas firm Ascent Resources went into freefall on Monday after its new Chief Executive Len Reece outlined his plans to stop the group's underperformance and confirmed it is not in talks with regards to the sale of the group. Ascent said near term objectives include completi
Read moreSector movers: BG sinks oil and gas stocks
31st Oct 2012 16:18
A sharp plunge for BG Group meant that the oil and gas producing sector was at the bottom of the pile on Wednesday afternoon. BG Group shocked the market this morning by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production wi
Read moreSector movers: BP boosts gains for oil and gas producers
30th Oct 2012 15:11
Oil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net
Read moreResources round-up: Anglesey Mining, Chariot, Empyrean...
27th Jul 2012 14:36
Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w
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