Ascent Resources to pursue legal action if Slovenia permits not granted

Writer, Stock Market Wire
Monday, February 4, 2019 - 15:01

Ascent Resources said it remained hopeful of obtaining two key permits for its Petisovci field in Slovenia but would pursue legal action if they weren't granted.

One of the permits would allow the company to install a gas processing facility, while the other would allow it to re-stimulate wells to enhance their production.

Chief executive Colin Hutchinson said the pace of progress to date had been 'frustratingly slow'.

'As we continue to follow the process and provide those responsible for making the permitting decision with all of the information they require, based on the unarguable benefits for the country I remain hopeful the permits will be awarded in due course,' he said.

At 3:01pm: (LON:AST) Ascent Resources PLC share price was -0.03p at 0.28p


Related content

Ascent Resources pledges to maximise production from Petisovci project and appeal decision from Slovenian authorities

Ascent Resources on Monday said it would maximise production from its project at Petisovci as part of a new strategy to ramp up activity across...

Mon, 11/03/2019 - 07:52


Ascent Resources welcomes process review by Slovenia environment minister

Ascent Resources expressed hope that a review of regulatory procedures in Slovenia would help speed up the approval of its Petisovci tight gas project.

Ascent...

Tue, 13/11/2018 - 13:34


Ascent Resources mulls legal action against Slovenian regulator over permit award delay

Ascent Resources said Tuesday it would explore legal proceedings against regulators in Slovenia directly in the EU courts amid further delays to the award of...

Tue, 30/10/2018 - 10:23


Ascent Resources expects key Slovenia permit 'within weeks'

Ascent Resources said it had good reason to be confident that it would receive a key permit from Slovenian authorities 'within weeks' for its Petišovci...

Mon, 01/10/2018 - 13:56


Ascent Resources output falls in August; to shut wells for maintenance

Ascent Resources said it produced less natural gas in August and would shut down its wells this month for annual maintenance.

The company also said...

Mon, 10/09/2018 - 15:00