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 […]
Tag: Petišovci – Slovenia
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 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 wins €5m in Slovenia arbitration
Ascent Resources plc has a won a further €4,990,976, plus interest since 19 January 2024, in an arbitration ruling against its former Slovenian joint venture partner Geoenergo d.o.o. PETROL GEO The sum is in addition to the €2,890,519.17 already accepted by Geoenergo’s administrator and approved by the relevant insolvency court. Proceedings relate to Ascent’s subsidiary’s […]
Ascent issues 15.7m shares to save costs
Ascent Resources plc has issued in total 15,770,217 new ordinary shares of 0.5p each to directors and executives in lieu of 30 to 40% of salaries or fees to save costs and align their interests with shareholders. DIRECTORS The shares cover the period of six months from 1 June 2025 and “other contractual amounts” owed […]