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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 shares decline on open offer plans

Fri, 12th Apr 2013 13:38

Shares in oil and gas company Ascent Resources fell by nearly a third on Friday after the group announced plans to issue shares through an open offer and convertible loan notes as part of its agreement with Henderson Global Investors. The company plans to issue either 500m ordinary shares at 0.5p each or 2.5m convertible loan notes at 100p each on the basis of one offer share for every 2.05 existing ordinary shares, or one convertible loan note for every 410 existing ordinary shares. The offer follows a previous announcement at the end of December when the company was extremely short of funds and raised vital funds by way of a subscription by Henderson of convertible loan notes of up to £5.5m. The company was obliged to seek a whitewash (the approval of the waiver of the mandatory offer obligations), which would enable Henderson to convert the loan notes into ordinary shares and own up to 30% of the company. £2.5m of the £5.5m rescue funding will be made available for shareholders to purchase convertible loan notes on the same terms of Henderson by way of the open offer. If the convertible loan notes were to be fully converted by Henderson, it would hold around 58.9% of the total voting rights of the company. Ascent has waived Henderson's obligation to make a takeover offer to shareholders. The group said it believes the fundraising gives the group sufficient capital to continue trading through to the fourth quarter of 2013, and will enable to to make "significant progress" with the Peti?ovci asset, which caused the funding problems when it failed to come on stream. NR
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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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