Ascent Resources PLC Cuba Update: MOU Extension (8730Q)
01 November 2021 - 6:53PM
UK Regulatory
TIDMAST
RNS Number : 8730Q
Ascent Resources PLC
01 November 2021
1 November 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 29
April 2021, it has agreed a two 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 had been implemented in Cuba
and which are expected to be relaxed along with the reopening of
the country's borders which is expected from 15 November.
Enquiries:
Ascent Resources plc Via Vigo Communications
Andrew Dennan
WH Ireland, Nominated Adviser & Broker
James Joyce / Sarah Mather 0207 220 1666
Novum Securities, Joint Broker
John Belliss 0207 399 9400
The information contained in this announcement has been reviewed
by Leonardo Salvadori, Ascent's Technical Director, a qualified
geologist and geophysicist and member of the Italian Society of
Petroleum Engineers.
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