Ascent Resources PLC IPPC Permitting update (6310H)
14 March 2018 - 6:01PM
UK Regulatory
TIDMAST
RNS Number : 6310H
Ascent Resources PLC
14 March 2018
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and
Gas
14 March 2018
Ascent Resources plc
("Ascent" or the "Company")
IPPC Permitting update
Ascent Resources plc, the AIM quoted European oil and gas
exploration and production company, announces that it has received
a request for further information from the Slovenian environmental
agency.
This information has been requested in connection with the
agency's assessment of the partners' application for a permit which
is required to construct a processing plant in Slovenia. The
additional information principally consists of a baseline survey
report to measure the current state of the greenfield site on which
the proposed plant will be constructed.
This request has been issued as a result of changes to
environmental legislation which have been introduced since the IPPC
permit application was initially awarded in June 2015. The project
partners have substantially completed the work required. The
submission will be finalised and submitted within the next three
weeks. The Company looks forward to providing an update on
receiving the permit in due course.
Funding update
With cash in the bank and revenues from the on-going sale of gas
and condensate, and in the absence of any unexpected operational
issues, the Company has no need or intention to seek new funding
for the foreseeable future.
Enquiries:
Ascent Resources plc
Clive Carver, Chairman
Colin Hutchinson, CEO 0207 251 4905
WH Ireland, Nominated
Adviser & Broker
James Joyce / Alex Bond 0207 220 1666
Yellow Jersey, Financial
PR and IR
Tim Thompson / Harriet
Jackson / Henry Wilkinson 0203 735 8825
This information is provided by RNS
The company news service from the London Stock Exchange
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