Ascent joined AIM in 2004 and has focused on developing the large Petišovci tight gas project in Slovenia. Production began in 2017, but prolonged issues with the government over permits have stopped the optimisation of this development which has consequently resulted in significantly lower than expected gas sales which have been small. With little progress being made the share price fell substantially, promoting some big changes which have seen the arrival of a new board with a brand-

14 Sep 2020
Transformation in progress as proven new management adopt a compelling Special Situations strategy for the resources sector

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Transformation in progress as proven new management adopt a compelling Special Situations strategy for the resources sector
Ascent Resources plc (AST:LON) | 0.9 0 0.0% | Mkt Cap: 2.78m
- Published:
14 Sep 2020 -
Author:
Dr. Michael Green -
Pages:
27 -
Ascent joined AIM in 2004 and has focused on developing the large Petišovci tight gas project in Slovenia. Production began in 2017, but prolonged issues with the government over permits have stopped the optimisation of this development which has consequently resulted in significantly lower than expected gas sales which have been small. With little progress being made the share price fell substantially, promoting some big changes which have seen the arrival of a new board with a brand-