ASCENT RESOURCES PLC

Business and Financial Review • Apr 30, 2021

National Storage Mechanism | Additional information

RNS Number : 1469X

Ascent Resources PLC

30 April 2021

30 April 2021                                      

Ascent Resources plc

("Ascent" or the "Company")

Cuba Update: MOU Extension

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce that, further to the announcement of 12 April 2021, it has agreed a six month extension to the Memorandum of Understanding ('MOU') which it has signed with CUPET, the Cuban national oil company, that gives the Company the exclusive right to negotiate the Production Sharing Contracts ('PSCs') for the onshore producing Block 9B and onshore exploration Blocks 9A, 12 and 15. The MOU extension follows delays in country as a result of COVID-19 protection and isolation measures that were successfully implemented in Cuba.

Enquiries:

Ascent Resources plc Andrew Dennan	Via Vigo Communications
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge	0207 220 1666
Novum Securities, Joint Broker John Belliss	0207 399 9400

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