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5 May 2022 20:10
IN BRIEF: Ascent Resources notifies Slovenia of treaty breaches
Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - Says it and subsidiary Ascent Slovenia Ltd formally notify government of Slovenia of further breaches under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty. "In particular, the government of Slovenia has been notified of the fact that their latest actions, which include amendments to the mining law which specifically prohibit holders of mining rights from carrying out the exploration or exploitation of hydrocarbons with the use of any hydraulic stimulation, have caused further considerable harm to the investors' investments in Slovenia," it says. Ascent believes it is "the specific target" of these actions.
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