Business
Production update and payment of first invoice
Production update and payment of first invoice.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1965B Ascent Resources PLC 08 January 2018 \n\nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n \n08 January 2018\nAscent Resources plc\n \n(\"Ascent\" or \"the Company\")\n \nProduction update and payment of first invoice\n \nThe Board of Ascent Resources plc is pleased to update shareholders on production from the Petisovci field in Slovenia.\n \n· The invoice for gas and condensate sold during November has been settled in accordance with the agreements. Ascent's share of the proceeds (net of selling costs) was received on 5 January 2018. This amounted to €303,181.\n \n· Total gas produced for November was 1,716,172 cubic metres (60,607 MCF) which equates to 59,178 cubic metres per day (2.1 MMscfd) for the 29 days of production.\n \n· During December this has increased to 1,975,207 cubic metres (69,754 MCF) which equates to 63,716 cubic metres per day (2.3 MMscfd) for the 31 days of production.\n \nWe look forward to providing production updates on a quarterly basis going forward.\n \nEnquiries:\n\n\n\n\nAscent Resources plc\nClive Carver, Chairman\nColin Hutchinson, CEO\n\n\n0207 251 4905\n \n\n\n\n\nWH Ireland, Nominated Adviser & Broker\nJames Joyce / Alex Bond\n\n\n0207 220 1666\n\n\n\n\nYellow Jersey, Financial PR and IR \nTim Thompson / Harriet Jackson / Henry Wilkinson\n\n\n0203 735 8825\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END UPDGLGDBXSGBGII\n ","length":3467,"tagName":"div"}]