Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAscent Resources Share News (AST)

Share Price Information for Ascent Resources (AST)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.10
Bid: 2.00
Ask: 2.20
Change: -0.20 (-9.52%)
Spread: 0.20 (10.00%)
Open: 2.10
High: 2.10
Low: 1.90
Prev. Close: 2.10
AST Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ascent Resources Continuing Gas Sales Talks As First Half Loss Widens

Wed, 30th Sep 2015 14:20

LONDON (Alliance News) - Ascent Resources PLC on Wednesday reported a widened pretax loss for its first half, and said it is continuing talks over potentially bringing its unprocessed gas to the market.

For the half year to end-June, the company reported a pretax loss of GBP2.7 million, widened from a pretax loss of GBP1.9 million a year before, due to higher finance costs. It did not report revenue in either period.

The company said it made good progress during the period in acquiring the permits it needs to develop the Peti?ovci gas field in Slovenia. An Integrated Pollution Prevention permit was provisionally issued to the company after a public consultation in June. However, Ascent noted that two parties have appealed this decision,

Whilst these appeals are heard, the company has opted to make further cuts in its expenditure. Alongside this process, the company is looking at alternative routes to market for gas production that would not require this permit and would require significantly lower capital expenditure.

Shares in Ascent were up 14% at 0.120 pence Wednesday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
27 Jul 2021 15:58

EXECUTIVE CHANGES: St Modwen taps CFO to replace Grainger-bound Hudson

EXECUTIVE CHANGES: St Modwen taps CFO to replace Grainger-bound Hudson

Read more
7 Jun 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
27 May 2021 16:25

Ascent Resources planning to fund Slovenia dispute on contingency

(Sharecast News) - Ascent Resources updated the market on the funding of its dispute with Slovenia on Thursday, reporting that it was advancing towards the launch of international arbitration proceedings against the country under the Energy Charter Treaty and the UK-Slovenia Bilateral Investment Treaty.

Read more
27 May 2021 13:54

TRADING UPDATES: XLMedia sees strong start but expects lower revenue

TRADING UPDATES: XLMedia sees strong start but expects lower revenue

Read more
30 Apr 2021 14:15

TRADING UPDATES: Henry Boot gets planning boost; Beximco sales jump

TRADING UPDATES: Henry Boot gets planning boost; Beximco sales jump

Read more
30 Apr 2021 13:10

Ascent Resources gets six-month extension to Cuba agreement

(Sharecast News) - Onshore Caribbean, Latin America and Europe-focussed energy and natural resources company Ascent Resources announced on Friday that it has agreed a six-month extension to its memorandum of understanding with CUPET, the Cuba national oil company.

Read more
12 Apr 2021 21:55

TRADING UPDATES: BMO Commercial Property annual payout halved

TRADING UPDATES: BMO Commercial Property annual payout halved

Read more
7 Apr 2021 19:06

IN BRIEF: Ascent Resources extends loan draw down date

IN BRIEF: Ascent Resources extends loan draw down date

Read more
19 Mar 2021 18:58

TRADING UPDATES: Court approves Premier Oil and Chrysaor merger

TRADING UPDATES: Court approves Premier Oil and Chrysaor merger

Read more
10 Mar 2021 16:53

IN BRIEF: Ascent Resources starts gas output from Petiscovci well

IN BRIEF: Ascent Resources starts gas output from Petiscovci well

Read more
1 Mar 2021 18:17

TRADING UPDATES: Serabi Plots Fundraise; Panoply In GBP26 Million Buy

TRADING UPDATES: Serabi Plots Fundraise; Panoply In GBP26 Million Buy

Read more
22 Feb 2021 18:06

IN BRIEF: Ascent Resources Postpones Arbitration In Slovenia Dispute

IN BRIEF: Ascent Resources Postpones Arbitration In Slovenia Dispute

Read more
11 Feb 2021 15:01

IN BRIEF: Ascent Resources Raises GBP1 Million For ESG Metals Plan

IN BRIEF: Ascent Resources Raises GBP1 Million For ESG Metals Plan

Read more
9 Feb 2021 14:46

IN BRIEF: Ascent Resources To Limit Operations At Petisovci Gas Well

IN BRIEF: Ascent Resources To Limit Operations At Petisovci Gas Well

Read more
9 Feb 2021 14:20

IN BRIEF: Iconic Labs Adds Ascent Director Birrell As Non-Executive

IN BRIEF: Iconic Labs Adds Ascent Director Birrell As Non-Executive

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.