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Pin to quick picksAscent Resources Share News (AST)

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IN BRIEF: Ascent Resources extends loan draw down date

Wed, 07th Apr 2021 19:06

Ascent Resources PLC - onshore Caribbean, Hispanic American and European focused energy and natural resources company - Agrees with lenders to extend the draw down date for the GBP182,500 remaining available loan proceeds to May 4.

Current stock price: 6.75 pence, down 2.2% on Wednesday

Year-to-date change: up 8.0%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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26 Feb 2024 15:47

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 14:28

Ascent Resources up after Slovenian government's challenge rejected

(Alliance News) - Ascent Resources PLC shares were up on Friday, after a tribunal rejected the Slovenian government's challenge against a EUR656.5 million claim by the company.

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19 Jan 2024 16:03

IN BRIEF: Ascent Resources notes Geoenergo insolvency approved

Ascent Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Say it was informed that Ascent Slovenia Ltd's Slovenian joint venture partner Geoenergo doo has had its application to enter insolvency approved. Says it is now filing an appeal against the decision of the court in relation to this "unprecedented" situation and will register its claim with the competent court, while "continuing to pursue civil and criminal areas of redress against the former management and stakeholders of Geoenergo". Says further announcements will be made "as necessary".

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15 Jan 2024 15:55

Ascent petition prevents insolvency of partner Geoenergo

(Sharecast News) - Energy and natural resources company Ascent Resources updated the market on recent developments related to its joint venture partner Geoenergo on Monday.

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15 Jan 2024 12:50

Ascent Resources staves off Geoenergo insolvency amid claim pursuit

(Alliance News) - Ascent Resources PLC on Monday said Ascent Slovenia Ltd successfully prevented its Slovenian joint venture partner Geoenergo doo's immediate insolvency.

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15 Jan 2024 09:45

AIM WINNERS & LOSERS: IQGeo rises as annual revenue soars

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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8 Jan 2024 17:00

Ascent Resources' joint venture partner begins insolvency proceedings

(Alliance News) - Ascent Resources PLC on Monday said its joint venture partner Geoenergo doo has started insolvency proceedings in Slovenia, following an arbitration tribunal.

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21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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1 Dec 2023 19:36

IN BRIEF: Ascent Resources plans shareholder return if legal case wins

Ascent Resources PLC - European and Hispanic American project-focused oil and gas exploration and production company - Says it is starting process to be able to distribute an entitlement to shareholders to the economic interest in 49% of any net proceeds received if its Energy Charter Treaty claim against Slovenia is successful. The claim relates The net proceeds of the claim by the company and its subsidiary Ascent Slovenia Ltd would be after all legal fees, costs and expenses relating to the claim. As part of this process, says it is creating a new 100%-owned subsidiary as a special purpose vehicle, of which claimants are expected to enter into a deed of transfer in relation to 49% of the net proceeds, if successful. If this vehicle receives tax clearance from HM Revenue & Customs, expects to convene a general meeting to seek shareholder approval for a bonus issue of shares. This is likely to be in January. Says it is finalising tax and legal advice and will maker further announcements "as appropriate".

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1 Dec 2023 11:48

Ascent sets up structure to distribute Slovenia claim proceeds

(Sharecast News) - Onshore energy and natural resources company Ascent Resources updated the market on Friday following an investor feedback event.

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14 Nov 2023 13:56

IN BRIEF: Echo Energy hires new CEO as director promoted to chair

Echo Energy PLC - Latin America-focused exploration company - Hires "highly experienced geoscientist" Stephen Birrell as new chief executive officer, effective immediately. Birrell is currently a non-executive director at Coro Energy PLC and Live Co Group PLC, and managing director at Ossian Energy Ltd. He served as a non-executive director at Ascent Resources PLC from 2020 to October this year. Echo's current CEO Martin Hull steps down to become a non-executive director, as does Non-Executive Chair James Parsons. Company promotes Christian Yates, another non-executive director, to chair with immediate effect. Yates says Birrell "brings a wealth of technical and commercial experience...we look forward to leveraging his experience as we look to deliver our strategy."

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Oct 2023 20:12

TRADING UPDATES: Ascent wins legal ruling; Pendragon deals approved

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3 Oct 2023 09:38

Ascent Resources shares rise as MBD Partners buys shares at premium

(Alliance News) - Ascent Resources PLC on Tuesday said it agreed to a strategic collaboration agreement with investment firm MBD Partners SA.

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28 Sep 2023 13:55

Ascent Resources sees revenue rise on successful dispute settlement

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

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