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Ascent Resources Plc
Cuba MOU Extension
Published Apr 30 2021
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Cuba MOU Extension

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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