Last checked at 1 Jun 2023 13:54
Ascent Resources bids to buy Amur Minerals with all-share offer
(Alliance News) - Ascent Resources PLC on Thursday said it wants to buy fellow London listing Amur Minerals Corp in an all-share deal.
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Ascent Resources Information
Share Price Information for Ascent Resources (AST)
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Share Price:
2.10
Bid:
2.00
Ask:
2.20
Change:
-0.20 (-9.52%)
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0.20 (10.00%)
Open:
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High:
2.10
Low:
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Fri, 11th Nov 2016 12:15
(ShareCast News) - Ascent Resources announced on Friday that it has been informed by the Environment Agency in Slovenia that the partners in the Petišovci project will not be required to carry out a full environmental impact assessment prior to the award of an IPPC Permit to install a new processing facility at Petišovci.The AIM-traded company said that in May 2016, the Administrative Court ruled that despite there being no valid objections to the granting of the permit based on environmental issues, the court believed the process adopted by the government agency in reviewing the permit application was inconsistent with EU regulations.As a result, the partners were invited to recommence the permit application from the start of the process by carrying out a preliminary screening exercise, the purpose of which was to determine whether a full EIA is needed before awarding the permit.Throughout the process the company said it has maintained that the original decision was flawed and the additional process of no value.An objection to the decision has been lodged by a non-government organisation, which Ascent says has consistently appealed against the construction of the processing facility at each stage of the process.The Environment Agency and the government departments have consistently ruled in favour of the development, the board said.The Administrative Court decision which revoked the permit was made on procedural grounds and did not endorse any of the issues raised by the NGO, it added, with the objections raised by the NGO in their latest appeal "consistently found to be without merit".Ascent said it is firmly of the view that the new processing facility, which will allow Slovenian gas to be treated in Slovenia and sold into the Slovenian National Grid system, is in the best interests of the country and asserted the actions of the NGO are damaging the national interest.The board said it is encouraged by the efforts made by the authorities to address the problems created by the unexpected decision of the Administrative Court in May 2016.If the Environment Agency had requested a full EIA, it is likely that the final award of the permit would have been delayed for at least an additional year, but the decision now means the company and its partners can expect the permit being fully awarded sometime in 2017, it explained."I am pleased with this decision which paves the way for an early reinstatement of the permit," said CEO Colin Hutchinson."This not only provides the long-term solution for the field but also underlines the support which the project enjoys amongst its partners and the authorities."
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IN BRIEF: Ascent Resources to sue settlement payment to fund operation
Ascent Resources PLC - Latin America and Europe-focused energy and natural resources company - Says it expects to begin PG-11A well maintenance and operation works once it receives the payment from the settlement agreement announced on Wednesday. Ascent announced on Wednesday that it Slovenian subsidiary Ascent Slovenia Ltd would agreed to settle a revenue dispute with Geoenergo for EUR1.7 million, of which it will receive EUR288,689 - the balance after it pays EUR1.4 million in a separate settlement with Petrol Geo.
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Ascent Resources settles disputes with Geoenergo and Petrol Geo
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IN BRIEF: Ascent Resources to begin Slovenia maintenance works
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IN BRIEF: Ascent Resources narrows loss, continues Slovenian claim
Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - In the first half of the year, records no revenue. Pretax loss narrows to GBP622,000 from GBP1.1 million year-on-year. Since period-end, receives historic revenue from PG-10 and PG-11A wells, which is will recognise in its next annual accounts, along with the associated production costs. Produces 672,100 cubic metres of gas and 21,885 litres of condensate over the period.
Read more15 Aug 2022 18:00
IN BRIEF: Ascent Resources files arbitration request against Slovenia
Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - Formally submits request for arbitration against the Republic of Slovenia, which includes an updated preliminary damages assessment in excess of EUR500 million.
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Ascent receives first revenue payment from Slovenia partner
(Sharecast News) - Onshore energy and natural resources company Ascent announced receipt of the first cash payment from its Slovenian partner on Friday, following the recently-announced agreement on revenue recognition.
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Ascent Resources shares up on first payment from JV partner
(Alliance News) - Ascent Resources PLC on Friday said it has received a first payment from its Slovenian joint venture partner following a dispute over revenue recognition.
Read more8 Aug 2022 15:50
UK shareholder meetings calendar - next 7 days
| Tuesday 9 August | |
| APQ Global Ltd | AGM |
| Goodbody Health Inc | AGM |
| Goodbody Health Inc | GM re delisting from Canadian Securities Exchange |
| Wednesday 10 August | |
| AssetCo PLC | GM re share split |
| Ariana Resources PLC | AGM |
| Cadence Minerals PLC | AGM |
| CML Microsystems PLC | AGM |
| Foresight Group Holdings Ltd | AGM |
| Mountview Estates PLC | AGM |
| Unbound Group PLC | GM re open offer |
| Thursday 11 August | |
| Inspecs Group PLC | AGM |
| Marks Electrical Group PLC | AGM |
| Silver Bullet Data Services Group PLC | AGM |
| Friday 12 August | |
| iEnergizer Ltd | AGM |
| Ironveld PLC | GM re proposals to remove directors |
| Old Mutual Ltd | GM |
| Pineapple Power Corp | AGM |
| Monday 15 August | |
| Ascent Resources PLC | GM re annual report |
| Corcel PLC | AGM |
| Coro Energy PLC | GM re annual report |
| Forward Partners Group PLC | AGM |
| Ince Group PLC | GM re fundraise |
| Red Rock Resources Plc | GM convertible loans |
| Schroders PLC | GM re dual class share structure |
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