Ascent Resources Announces Interim Results for the Period Ended 30 June 2022

Source: www.gulfoilandgas.com 9/13/2022, Location: Europe

Ascent Resources plc, the AIM quoted onshore Caribbean, Hispanic American and European energy and natural resources focussed company ("Company") is pleased to report its interim results for the six months ended 30 June 2022(the "Period" or "H1 2022").

Highlights:
Launch of ESG Metals Strategy as a new target sector within its natural resource focussed business, the Company continues to evaluate a number of ESG Metal transactions.
Signing of a non-binding head of terms with Enyo Law LLP, a specialist arbitration and litigation legal firm, to advance a fully funded non-recourse damages-based agreement for the arbitration proceedings against the Republic of Slovenia.
Raised 0.6m before expenses by way of a subscription and placement with existing and new investors.

Post Period end highlights:
Launched arbitration proceedings against the Republic of Slovenia under the Energy Charter Treaty and UK-Slovenia bilateral investment treaty with regards to breaches causing significant monetary damages in excess of 500 million. It should be cautioned that in the event the Company is successful in its claim any amount actually received by the Company may be significantly lower.
Receipt of the first net cash payment of 650,560 from Slovenian partner in relation to production hydrocarbon production revenues from the PG-10 and PG-11A wells from April 2020 through to December 2021.


Ghana >>  6/10/2024 - Clontarf Energy, the oil and gas exploration company focused on Ghana and Bolivia today announces its preliminary results for the year ending 31 Decem...
Nigeria >>  6/7/2024 - Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce its audited re...

Nigeria >>  6/5/2024 - The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 pe...
Cameroon >>  6/3/2024 - Tower Resources plc, the Africa -focused energy company, announces its preliminary results for the 12 months ended 31 December 2023.

Hi...


United Kingdom >>  6/3/2024 - Powerhouse Energy Group plc, a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to annou...
United States >>  6/3/2024 - MIND Technology, Inc. will release financial results for its fiscal 2025 first quarter ended April 30, 2024 after the market closes on Monday, June 10...




Gulf Oil and Gas
Copyright 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.