23 Jan 2017 08:00
Ascent Resources plc
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("Ascent" or the "Company")
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Operational update - Well Pg-10
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The Board of Ascent is pleased to update shareholders that the additional wireline operations at well Pg-10 have been successfully completed.
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The service team cleared debris from the well and perforated the production tubing at a depth of 3,102 metres where it is in contact with the reservoir.
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Following the operation, the well was flared for a short period which indicated the perforations had been made successfully.
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We have therefore mobilised the surface well test team to carry out a flow test. We anticipate that this work will be completed this week with the results expected to be available soon thereafter.
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We look forward to providing a further update to shareholders in due course.
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Colin Hutchinson, CEO, commented:
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"We are pleased that the perforating operation has been successfully completed and look forward to the results of the flow test."
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Enquiries:
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Ascent Resources plc 0207 251 4905
Clive Carver, Chairman
Colin Hutchinson, CEO
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Stockdale Securities Limited, Nominated Adviser and Joint Broker 0207 601 6100
Richard Johnson
Edward Thomas
Northland Capital Partners Limited, Joint Broker 0203 861 6625
Tom Price
John Howes
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IFC Advisory Ltd, Financial PR and IR 0203 053 8671
Graham Herring
Tim Metcalfe
Heather Armstrong
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