Ascent Resources (AST)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

1.90p
   
  • Change Today:
      0.020p
  • 52 Week High: 4.10
  • 52 Week Low: 1.85
  • Currency: UK Pounds
  • Shares Issued: 238.12m
  • Volume: 21,361
  • Market Cap: £4.52m
  • RiskGrade: 630

Ascent Resources sees production slip in August, warns of September shut-in

By Iain Gilbert

Date: Monday 10 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Ascent Resources saw total production for the month of August fall 10% month-on-month to 727,851 cubic metres, while average daily production slipped 11% to 23,456 cubic metres.
The AIM-listed energy firm told investors on Monday that total revenues from gas sales were expected to hit roughly €140,000 for the month, with an additional €7,000 expected to be received from the sale of condensate.

The continental Europe-focused miner warned investors that it had planned to shut-in one of its wells for three weeks in September, due to annual maintenance requirements being carried out at a nearby processing facility.

Lastly, Ascent Resources confirmed that amendments requested by the Slovenian Environment Agency, with whom it had grown "increasingly frustrated" with, were submitted as planned on Tuesday 4 September.

Ascent had previously said the "lack of concrete action" from Slovenian politicians, despite their verbal assurances of support, had been disappointing and caused it several permitting delays in the Eastern Bloc nation, deterring a "number of otherwise interested parties".

As of 1120 BST, Ascent shares had slipped 1.94% to 0.76p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AST Market Data

Currency UK Pounds
Share Price 1.90p
Change Today 0.020p
% Change 1.06 %
52 Week High 4.10
52 Week Low 1.85
Volume 21,361
Shares Issued 238.12m
Market Cap £4.52m
RiskGrade 630

AST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.12% below the market average16.12% below the market average16.12% below the market average16.12% below the market average16.12% below the market average
30.67% above the sector average30.67% above the sector average30.67% above the sector average30.67% above the sector average30.67% above the sector average
Price Trend
79.25% below the market average79.25% below the market average79.25% below the market average79.25% below the market average79.25% below the market average
55% below the sector average55% below the sector average55% below the sector average55% below the sector average55% below the sector average
Income Not Available
Growth Not Available

AST Dividends

No dividends found

Trades for 28-May-2024

Time Volume / Share Price
13:04 4,746 @ 1.86p
09:15 15,660 @ 1.86p
08:02 955 @ 1.90p

AST Key Personnel

CEO Andrew Dennan

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