Update to Slovenian Partner Dispute
Source: RNS
4 July 2022
Ascent Resources plc
("Ascent" or the "Company")
Senior Judge Appointed to mediate Slovenian Partner Dispute
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focussed energy and natural resources company, announces that the Company and its Slovenian Joint Venture ("JV") partner, Geoenergo, have agreed to initiate the dispute resolution mechanism in the JV contract and accordingly have initiated the mediation process. A Court of Appeal, High Court Ljubljana Judge has now been appointed as the mediator between the joint venture partners. Mediation is expected to be initiated shortly.
Further updates will be announced as appropriate.
Enquiries:
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Ascent Resources plc Andrew Dennan |
Via Vigo Communications
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WH Ireland, Nominated Adviser & Broker James Joyce / Sarah Mather |
0207 220 1666 |
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Novum Securities, Joint Broker Jon Belliss
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0207 399 9400
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