Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.

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: 1.90
Bid: 1.80
Ask: 2.00
Change: 0.05 (2.70%)
Spread: 0.20 (11.111%)
Open: 1.85
High: 1.90
Low: 1.80
Prev. Close: 1.85
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 sees revenue rise on successful dispute settlement

Thu, 28th Sep 2023 13:55

(Alliance News) - Ascent Resources PLC on Thursday said revenue surged on its successful litigation against Geoenergo.

The European and Hispanic American project-focused oil and gas exploration and production company reported that revenue was GBP1.4 million in the first half of 2023, compared to no revenue in the year prior. In 2022, the firm reported total revenue of GBP581,000.

The firm said it swung to pretax profit of GBP142,000, from a loss of GBP662,000 a year ago.

The company noted that during the period, it resolved part of its dispute with its joint venture partner, Geoenergo, regarding hydrocarbon production proceeds owed from its PG-10 and PG-11A wells. It also resolved its invoice dispute with Petrol Geo, resulting in a GBP456,000 cost of sales charge.

Looking forward, Ascent said it is focused on "preserving value and defending its investments and working interests in Slovenia". It noted that it is in the process of pursuing EUR3 million additional revenue claims, as well as an energy charter treaty claim for EUR656.5 million in damages against Slovenia.

Ascent shares were unchanged at 2.7 pence each on Thursday afternoon in London.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
24 Apr 2019 11:16

Ascent Resources Raises GBP750,000 For Petisovci Seismic Data (ALLISS)

LONDON (Alliance News) - Ascent Resources PLC said Wednesday it has raised GBP750,000 via an oversubscribed share placing to complete the reprocessing of 3D seismic data on the Petisovci project a

Read more
24 Apr 2019 08:51

Ascent Resources raises ?750,000 in oversubscribed placing

(Sharecast News) - Exploration and production outfit Ascent Resources completed an oversubscribed placing of 214.2m ordinary shares on Wednesday.

Read more
15 Apr 2019 10:54

Ascent Resources Shares Leap As It Gets Long-Awaited Petisovci Permit

LONDON (Alliance News) - Shares rose in Ascent Resources PLC on Monday after its joint venture partners received full validation of a pollution prevention & control permit, with no further it

Read more
15 Apr 2019 10:21

Ascent Resources partners confirm receipt of IPPC permit

(Sharecast News) - Ascent Resources confirmed on Monday that its joint venture partners had been informed by the Slovenian Environment Agency (ARSO) that the integrated pollution prevention and control (IPPC) permit had been confirmed as fully valid.

Read more
8 Apr 2019 17:11

Ascent Resources Partners Get Processing Plant Approval In Slovenia

LONDON (Alliance News) - Ascent Resources shares spiked late Monday after the oil and gas exploration company said its joint venture partners received approval from the Slovenian Environment to a

Read more
8 Apr 2019 11:46

Ascent Resources March Petisovci Production Up Slightly, Revenue Dips

LONDON (Alliance News) - Ascent Resources PLC on Monday reported a slight increase in production from its Petisovci field in Slovenia in March, although monthly revenue fell.Total was cubic

Read more
8 Apr 2019 10:03

Ascent Resources sees improved production at Petisovci in March

(Sharecast News) - Ascent Resources updated the market on production for March from the Petišovci field in Slovenia on Monday, reporting total production of 334,410 cubic metres or 2,036 barrels of oil equivalent.

Read more
29 Mar 2019 11:32

Ascent shares up as it appeals Slovenian Environment Agency request

(Sharecast News) - Ascent Resources has filed its appeal against the recent decision of the Slovenian Environment Agency (ARSO) to request an environmental impact assessment (EIA) in respect of the application to re-stimulate its existing wells - Pg-10 and Pg-11A - at the Petišovci concession, it announced on Friday.

Read more
29 Mar 2019 11:32

Ascent shares up as it appeals Slovenian Environment Agency request

(Sharecast News) - Ascent Resources has filed its appeal against the recent decision of the Slovenian Environment Agency (ARSO) to request an environmental impact assessment (EIA) in respect of the application to re-stimulate its existing wells - Pg-10 and Pg-11A - at the Petišovci concession, it announced on Friday.

Read more
29 Mar 2019 10:31

Ascent Resources Files Slovenia Appeal As Environment Minister Quits

LONDON (Alliance News) - Ascent Resources PLC on Friday said Slovenia's environment minister has resigned, meaning it has now filed an appeal against the request for an environmental impact or

Read more
11 Mar 2019 10:14

Ascent Resources Plans Legal Action After Further Slovenia Problems

LONDON (Alliance News) - Ascent Resources PLC on Monday reported a steep fall in both its production levels and revenue for the month of February.Furthermore, Ascent is preparing to take or

Read more
11 Mar 2019 08:07

Ascent Resources production falls as Slovenian spat heats up

(Sharecast News) - Independent oil and gas exploration outfit Ascent Resources revealed a steep fall in both revenues and production for February.

Read more
18 Feb 2019 16:05

Ascent Resources Hires Ex-Eland CFO As Non-Exec, Appoints COO To Board

LONDON (Alliance News) - Ascent Resources PLC said Monday it has appointed Louis Castro as non-executive director to replace Nigel Moore, who has retired from the company's board.Moore

Read more
4 Feb 2019 12:30

Ascent Resources still awaiting key Slovenian permits

(Sharecast News) - Independent oil and gas exploration company Ascent Resources expressed frustration with the Slovenian government on Monday following repeated requests for further information regarding its operations in the Eastern European nation.

Read more
4 Feb 2019 12:06

Ascent Resources Remains "Hopeful" Of Securing Slovenian Permits

LONDON (Alliance News) - Ascent Resources PLC on Monday said it remains hopeful that the Slovenian authorities will grant the company the permits it applied for "without a further unnecessary

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.