Ascent Resources plc today said it still expected an award towards the end of the first quarter of this year, in relation to its Energy Charter Treaty claim against Slovenia. DELIBERATION The claim, registered with International Centre for Settlement of Investment Disputes (ICSID), is connected with the company’s Petišovci onshore gas joint venture. Ascent added that […]
Tag: Ascent Resources plc
Ascent JV looks to new cash flows from Utah licences
Ascent Resources plc and its partner could receive additional cash flows ar their existing Paradox Basin oil and gas wells and leases from a second partnership exploring for metals and minerals at the 119,000 acreage in Utah, USA. TERMS The company and American Helium LLC signed a 60-day exclusive option agreement with Neometals Ltd and […]
Ascent applies to enforce €7.8m Slovenia payment
Ascent Resources plc has filed a court application to enforce the “binding” award, of an increased amount of some €7.8 million in historic hydrocarbon production proceeds, from its former Slovenian partner. INVOICES The dispute arose from Geoenergo d.o.o.’s insolvency in January 2024, following arbitration over the partners’ previous Petišovci onshore gas joint venture. The company’s […]
Ascent appoints Jean-Michel Doublet as chairman
Ascent Resources plc has appointed interim chairman Jean-Michel Doublet as independent non-executive chairman. The company has additionally appointed chief executive officer David Patterson as an executive director with immediate effect. The board also includes non-executive directors David Bullion and Edouard Etienvre. Ascent holds onshore gas assets in Slovenia and helium-rich licences lie across Utah and […]
Ascent resumes strong production in Utah
Ascent plc reported 350 thousand cubic feet per day (circa 58 barrels of oil equivalent per day) from the first five wells put back into production last month in the Wolf Point area, northern Utah. INVENTORY Operator Arb Energy LLC is undertaking maintenance on a further four wells expected to beginning long term production, before […]
Ascent appoints David Patterson as CEO
Ascent Resources plc has appointed David Patterson as its chief executive officer, with immediate effect. Mr Patterson is an oil and gas explorer with more than 43 years’ experience onshore USA. He worked for several years in Utah and Colorado where he was vice president geology for Rose Petroleum plc, now called Zephyr Energy plc, […]