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Pin to quick picksAscent Resources Share News (AST)

Share Price Information for Ascent Resources (AST)

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Share Price: 1.90
Bid: 1.80
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.20 (11.111%)
Open: 1.90
High: 1.90
Low: 1.90
Prev. Close: 1.90
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Ascent Resources plunges after update

Mon, 03rd Dec 2012 08:44

Shares of European oil and gas firm Ascent Resources went into freefall on Monday after its new Chief Executive Len Reece outlined his plans to stop the group's underperformance and confirmed it is not in talks with regards to the sale of the group.Ascent said near term objectives include completing formalities with Slovenian authorities to take the Peti?ovci project through to production.It has appointed FirstEnergyCapital to assess its options, which may include farm outs, the sale of assets and the merger or sale of the company. Ascent, which said it has sufficient cash resources to meet its overheads until the end of 2012, said it in discussions with a number of parties with respect to raising additional finance to meet its future funding requirements and will provide further updates in this regard in due course.Len Reece said: "I am determined to arrest the trend of historical underperformance. I am pleased that the board has recognised these problems and is determined to deliver far better results by taking steps to increase efficiency, becoming more cost-effective and improving Ascent's technical and operating capability". The group is in preliminary discussions with a number of third parties concerning a number of potential transactions as well as other funding solutions, although no discussions have taken place with regard to an offer for the company. "None of these discussions have progressed to a stage where the outcome is definitive and there can be no certainty that any of these discussions will result in a transaction," the group added. Ascent said it would provide further updates in due course. Shares of Ascent fell 20% to 1.20p at 09:20 in London.CJ
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10 Sep 2018 08:03

Ascent Resources sees production slip in August, warns of September shut-in

(Sharecast News) - Ascent Resources saw total production for the month of August fall 10% month-on-month to 727,851 cubic metres, while average daily production slipped 11% to 23,456 cubic metres.

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20 Aug 2018 10:49

Ascent Resources Files Amended Permitting Responses To Slovenia

LONDON (Alliance News) - Ascent Resources PLC said Monday that it submitted the amendments requested by the Slovenian Environment Agency.The remaining outstanding points will be answered of

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6 Aug 2018 10:35

Ascent Resources Slides As Permitting Issues Hinder Strategic Review

LONDON (Alliance News) - Shares in Ascent Resources PLC slumped Monday as the company said permitting delays in Slovenia are deterring potential partners for its Petisovci shares were trading at a

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6 Aug 2018 09:29

Ascent Resources in discussions with multiple parties following strategic review

(Sharecast News) - Following a strategic review of the company back in April, natural gas company Ascent Resources has entered into discussions with several parties covering a range of different transactions aimed at keeping its head above water.

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3 Jul 2018 10:01

Ascent June Revenue Consistent With May, Extends Croatian Agreement

LONDON (Alliance News) - Oil & gas exploration and production company Ascent Resources PLC said Tuesday its gas production and revenue for the month of June remained consistent with the month

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9 May 2018 11:19

Liquids Still Hinders Gas Production In Slovenia For Ascent Resources

LONDON (Alliance News) - Shares in Ascent Resources PLC fell Wednesday as the firm said it has temporarily suspended its Pg-11A well once again to try to sort out water production were down 15% on

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13 Feb 2017 08:57

Ascent Resources Raises GBP3 Million In Discounted PrimaryBid Placing (ALLISS)

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25 Jan 2017 11:39

Ascent Resources confirms gas flow test on Thursday

(ShareCast News) - Ascent Resources noted the jump in its share price on Wednesday and confirmed that a well test is set to commence at the Pg-10 well, which is part of the Petišovci project in Slovenia, on Thursday. Ahead of the test, which is designed to last several days, gas is being flared to c

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23 Jan 2017 11:08

Ascent Resources completes operations on Pg-10 well

(ShareCast News) - Ascent Resources, an AIM listed independent energy company, has successfully completed wireline operations at its Pg-10 well. The service team have cleared debris from the well and perforated production tubing at a depth of 3,102m where it is in contact with the reservoir. The we

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6 Jan 2017 09:31

Ascent Resources progressing towards first gas

(ShareCast News) - Ascent Resources issued an update to shareholders on Thursday, on the work programmes required to deliver first gas in Q1 2017. The AIM-traded firm said well Pg-10 has been successfully recompleted with the permanent bridge plug knocked through and two holes punched in the product

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11 Nov 2016 12:15

Small win for Ascent Resources in Slovenian legal battle

(ShareCast News) - Ascent Resources announced on Friday that it has been informed by the Environment Agency in Slovenia that the partners in the Petišovci project will not be required to carry out a full environmental impact assessment prior to the award of an IPPC Permit to install a new processing

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19 Sep 2016 07:57

Ascent Expects Much Better Cashflow In 2017 As Petisovci Comes Online

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5 Jul 2016 09:00

Ascent Expects Gas Production By End Of Year As Contract Agreed

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13 Jun 2016 13:33

Ascent Resources Issues Shares After Loan Note Conversion Notice (ALLISS)

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9 Jun 2016 14:12

Ascent Resources' shares surge as it raises £500,000

(ShareCast News) - Ascent Resources' shares are up more than 15% after it raised £500,000, net to the company, in a placing of 83,33m new shares at 0.6p each to meet its working-capital requirements into 2017. The oil and gas exploration and production company said the funds would enable it to conti

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