AST3 Jul 2018 09:24
Good news
The Board of Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, is pleased to report that the Gas Sales Agreement, under which untreated gas is sold to INA in Croatia, has been extended to 2 May 2019.
As a consequence of the extension, the required bank guarantee has reduced and the amount which Ascent is obliged to hold on restricted deposit has been reduced from €400,000 to €200,000.