Ascent Resources Raises Monthly Revenue Guidance for Slovenia Gas Wells
16 March 2022 - 9:11PM
Dow Jones News
By Jaime Llinares Taboada
Ascent Resources PLC said Wednesday that it now expects to
generate net revenue of at least 150,000 euros ($164,348) a month
from its Petisovci gas project in Slovenia.
The London-listed energy company said this forecast assumes an
average gas price of EUR120 a megawatt hour, and represents a 50%
increase on previous expectations announced in October.
In addition, Ascent said that Slovenia is seeking to prohibit
all forms of hydraulic stimulation for hydrocarbon exploration and
production, which further reinforces the company's claim against
the country under the Energy Charter Treaty and U.K.-Slovenia
Bilateral Investment Treaty.
Shares at 0928 GMT were down 1.5% at 3.30 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
March 16, 2022 05:56 ET (09:56 GMT)
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