We increase our target price on Ascent Resources from 3.5p to 4.5p following the successful Pg-10 well flow test, as this substantially derisks the initial phase 1 project and gives greater confidence in the full field development at its Petisovci gas field in NE Slovenia. The flow test delivered a maximum flow rate of 8.8MMcfd, with an average rate of 6.7MMcfd during the 37 hour test, significantly above the minimum required under the INA contract. We expect first production and first cash f ....