Ascent Resources PLC Update to Slovenian Partner Dispute (1812R)
04 July 2022 - 6:01PM
UK Regulatory
TIDMAST
RNS Number : 1812R
Ascent Resources PLC
04 July 2022
4 July 2022
Ascent Resources plc
("Ascent" or the "Company")
Senior Judge Appointed to mediate Slovenian Partner Dispute
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic
American and European focussed energy and natural resources
company, announces that the Company and its Slovenian Joint Venture
("JV") partner, Geoenergo, have agreed to initiate the dispute
resolution mechanism in the JV contract and accordingly have
initiated the mediation process. A Court of Appeal, High Court
Ljubljana Judge has now been appointed as the mediator between the
joint venture partners. Mediation is expected to be initiated
shortly.
Further updates will be announced as appropriate.
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
Jon Belliss 0207 399 9400
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