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0.475 0.075 (18.75%)

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Spread: 0.05 (11.111%)

Market Cap: £3.95m

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Operational update

10 Sep 2018 07:00

RNS Number : 1916A

Ascent Resources PLC

10 September 2018

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

10 September 2018

Ascent Resources plc

("Ascent" or the "Company")

Operational update

Permitting

Further to our permitting update on Friday 10 August 2018, the Board of Ascent is pleased to confirm that amendments requested by the Slovenian Environment Agency (ARSO) were submitted as planned on Tuesday 4 September.

Production

Total production for the month of August was 727,851 cubic metres (25,679 MCF) down from 816,490 in July (28,834 MCF). Average daily production in August was 23,456 cubic metres (1.0 MMscfd) down from 26,338 (1.0 MMscfd) in July.

Total revenue to Ascent for July from gas sales is expected to be around €140,000, with an additional €7,000 expected from the sale of condensate.

There will be a planned shut in of the wells for three weeks in September while annual maintenance is carried out by INA at their processing facility.

Strategic review

The Company is continuing to have positive discussions and hopes to be in a position to update shareholders in due course.

Ascent Resources plc

Clive Carver, Chairman

Colin Hutchinson, CEO

0207 251 4905

WH Ireland, Nominated Adviser & Broker

James Joyce / Chris Viggor

0207 220 1666

Yellow Jersey, Financial PR and IR

Tim Thompson / Harriet Jackson / Henry Wilkinson

0203 735 8825

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

OUPEAKNXELLPEFF

Date		Source	Headline
4th Oct 2006	11:00 am	RNS	Corporate Update
28th Sep 2006	7:02 am	RNS	Interim Results
12th Sep 2006	8:00 am	RNS	Bilca Development Update
23rd Aug 2006	2:00 pm	RNS	Farm out Agreement and Update
5th Jul 2006	6:04 pm	RNS	Director/PDMR Shareholding
5th Jul 2006	12:24 pm	RNS	Director/PDMR Shareholding
5th Jul 2006	11:08 am	RNS	Director/PDMR Shareholding
4th Jul 2006	12:05 pm	RNS	Director/PDMR Shareholding
3rd Jul 2006	7:00 am	RNS	Award of Exploration Permits
28th Jun 2006	4:16 pm	RNS	Directorate Change
9th Jun 2006	11:16 am	RNS	Joint Broker Appointment
15th May 2006	10:00 am	RNS	New Non-Executive Director
27th Apr 2006	11:00 am	RNS	Operations Update
18th Apr 2006	7:00 am	RNS	Holding(s) in Company
12th Apr 2006	12:11 pm	RNS	Holding(s) in Company
7th Apr 2006	5:43 pm	RNS	Director/PDMR Shareholding
6th Apr 2006	6:31 pm	RNS	Director/PDMR Shareholding
6th Apr 2006	8:40 am	RNS	Acquisition
5th Apr 2006	5:29 pm	RNS	Holding(s) in Company
5th Apr 2006	3:06 pm	RNS	Holding(s) in Company
24th Mar 2006	6:03 pm	RNS	Holding(s) in Company
24th Mar 2006	7:01 am	RNS	Interim Results
14th Feb 2006	11:36 am	RNS	Acquisition
30th Jan 2006	12:08 pm	RNS	NPEL Completion
26th Jan 2006	10:10 am	RNS	Holding(s) in Company
19th Jan 2006	7:00 am	RNS	AGM Statement
6th Jan 2006	5:59 pm	RNS	Holding(s) in Company
30th Dec 2005	12:05 pm	RNS	Re. Annual Report
30th Dec 2005	7:00 am	RNS	Operational Changes & Options
22nd Dec 2005	3:40 pm	RNS	Acquisition
15th Dec 2005	7:01 am	RNS	Exercise of Warrants
13th Dec 2005	3:23 pm	RNS	Directorate Change
25th Nov 2005	7:00 am	RNS	Final Results
23rd Nov 2005	8:58 am	RNS	Operations Update
10th Nov 2005	1:55 pm	RNS	Directorate Change
4th Nov 2005	7:00 am	RNS	Acquisition
20th Oct 2005	12:32 pm	RNS	Acquisition
26th Sep 2005	3:26 pm	RNS	Holding(s) in Company
23rd Sep 2005	5:34 pm	RNS	Director/PDMR Shareholding
23rd Sep 2005	12:57 pm	RNS	Grant of options
23rd Sep 2005	7:01 am	RNS	Spanish Agreement
16th Sep 2005	1:32 pm	RNS	Acquisition in Gabon
30th Aug 2005	7:00 am	RNS	MOU in Hungary
17th Aug 2005	1:06 pm	RNS	Holding(s) in Company-Replace
17th Aug 2005	11:16 am	RNS	Holding(s) in Company
19th Jul 2005	7:15 am	RNS	Acquisition
28th Jun 2005	1:48 pm	RNS	Directorate Change
17th Jun 2005	3:26 pm	RNS	Holding(s) in Company
2nd Jun 2005	7:00 am	RNS	Issue of Equity
18th Apr 2005	7:00 am	RNS	Notice of EGM

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