Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Ascent Resources plc readying itself for production in Slovenia

Tuesday, November 1, 2016 8:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Ascent Resources plc (LON:AST) has just raised around £4.5 million to bring its gas field in Slovenia into production early next year. Ascent’s an independent oil and gas exploration company focused predominantly on European onshore projects.

Chief executive Colin Hutchinson tells Proactive: ”Ascent’s primary asset is this gas field in Slovenia. Ascent’s been involved there since 2007, drilled two wells in 2011, proved it was a significant asset and we’ve been working since then to bring that asset into production”.

”We had a major breakthrough in August of last year when we signed a gas sales agreement with INA to sell the gas to them at the border and then last week we announced that we’ve raised the money to fund the capex that we need to get it into production”, Hutchinson added.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.