Ascent Resources plc has lost its case for claims against Slovenia in relation to the 2022 ban on hydraulic stimulation which affected its Petišovci oil and gas joint venture. COSTS The company had taken its case to the International Centre for Settlement of Investment Disputes (ICSID) under the Energy Charter Treaty. The tribunal ruled that […]
Tag: Ascent Resources plc
Ascent issues 21.9m new shares to creditors
Ascent Resources plc will issue 21,895,113 new ordinary shares to repay part of a loan and to settle payment to trade creditors. TVRs The company has agreed to issue shares in lieu of part repayment in an amendment to its existing secured loan facility with Riverfort Global Opportunities PCC Ltd. The deed of amendment and […]
Ascent nears award against Slovenia
Ascent Resources plc could soon receive an arbitration award in relation to the Petišovci gas joint venture in Slovenia. ECT The company registered its claim with the International Centre for Settlement of Investment Disputes against the Slovenian Government. Ascent said in a statement: “The company has received an update from the International Centre for Settlement […]
Ascent continues to await Slovenia award
Ascent Resources plc said it had been advised of a prepared draft for a tribunal award in connection with its Petišovci gas joint venture in Slovenia. COMPLEXITY The company’s claim is under the Energy Charter Treaty against the Slovenian Government. Ascent added that the arbitration tribunal from International Centre for Settlement of Investment Disputes (ICSID), […]
Ascent grants 30m share options
Ascent Resources plc granted options over a total of 30 million ordinary shares of £0.005, to its non-executive chairman and a non-executive director, under individual share option agreements. INTERESTS Jean-Michel Doublet and Edouard Etienvre each received 15 million options with an exercise price of 0.65 pence per ordinary share. The options vest in three tranches […]
Ascent signs binding brines deal for Utah licences
Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]