RE: The company is doing better than many of you guys think.23 Jan 2020 17:07
The Board of Ascent would like to confirm that an appeal has been filed against the recent decision of the Environment Ministry.
As reported on 14 June 2019, the Environment Ministry in Slovenia rejected the appeal from the joint venture partners against the decision of the Slovenian Environmental Agency (ARSO) to require a full environmental impact assessment for well stimulation of the existing wells, Pg-10 and Pg-11A.
The deadline for filing an appeal to the Administrative Court was 15 July 2019 and the partners have filed their appeal.
The decision of ARSO and the Environment Ministry ignores the opinion of the six independent expert bodies whose advice ARSO sought. In breach of EU law, the decision also mistakenly concluded that the project fell within a conservation area and misapplied EU case law in relation to mitigation measures.
The Company is working to prepare legal claims for damages against the Republic of Slovenia for breaches of EU law which will be pursued in domestic and international courts. The Board will update shareholders on funding for litigation in due course.
Well 6 mths have well and truly gone another eu and Slovenian law broken I wonder what our bod are going to do will they update us with regards next steps the authorities of Slovenia need to be brought to task and taken to an eu court where hopefully theyd be found guilty of everything that is wrong with the way they go about their business and if they dont pay up the eu should take away funding or deduct our claim from their handout. Gla