Ascent Resources plc’s arbitration process over the Petišovci gas joint venture in Slovenia has taken a further step forwards. DOMESTIC The company said that the Slovenian court had “fully rejected” the challenge by the company’s joint venture partner, Geoenergo, to the jurisdiction of the domestic arbitration tribunal. The tribunal had found in favour of Ascent’s […]
Tag: Ascent Resources plc
Ascent grants 50m share options
Ascent Resources plc has granted an aggregate 50 million options over ordinary shares of £0.005 each, to members of its senior management. TRANCHES The figure include 25m options to chief executive officer David Patterson in accordance with the terms of his contract, dated 1 July 2025. The company said that the grant was made under […]
Ascent expects Slovenia award this quarter
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 […]
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 […]