ASCENT RESOURCES PLC

Legal Proceedings Report • Apr 6, 2016

National Storage Mechanism | Additional information

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RNS Number : 2798U

Ascent Resources PLC

06 April 2016

6 April 2016

Ascent Resources plc

("Ascent" or "the Company")

IPPC Permit

The Board of Ascent announces an update to the market on the current position with respect to the IPPC Permit application.

In February 2016 Ascent reported that its partners in Slovenia had been informed that the Court would begin its review of Ascent's case during March 2016 and the Company were therefore optimistic that a decision could be made before the end of Q2 2016.  The Company understands that the Court has begun its review as planned.

In anticipation of a positive outcome, the Company and its partners in Slovenia have released the tender for a metering and monitoring station.  This will be installed at the entry point to the national grid and will measure the quantity and quality of gas produced from the Petišovci field. 

Further announcements will be made in due course.

Enquiries:

Ascent Resources plc Clive Carver, Chairman Colin Hutchinson, Interim CEO	0207 251 4905
Stockdale Limited, Nominated Adviser Alastair Stratton Richard Johnston Edward Thomas	0207 601 6100
IFC Advisory Ltd, Financial PR and IR                Graham Herring Tim Metcalfe Heather Armstrong	0203 053 8671

This information is provided by RNS

The company news service from the London Stock Exchange

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