RNS Number : 8472C
Ascent Resources PLC
22 October 2020
22 October 2020
Ascent Resources plc
("Ascent" or the "Company")
Slovenia Notice of Dispute : Update
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company is pleased to provide an update on the previously announced disputes with the Government of the Republic of Slovenia under the UK - Slovenia bilateral investment treaty ('BIT') and the Energy Charter Treaty ('ECT').
Further to the Notice of Dispute submitted on 23rd July 2020 the Company now confirms that it is entering into direct negotiations with the Republic of Slovenia, with a view to potentially settling the claim in an amicable manner in the short term. All such negotiations will be carried out on a strictly confidential, without prejudice and privileged basis.
The Company further confirms the aforementioned negotiations with the Government of the Republic of Slovenia shall not prejudice the Company's rights to pursue its investment treaty claim under the BIT and ECT.
Enquiries:
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Ascent Resources plc
Andrew Dennan
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Via Vigo Communications
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WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge
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0207 220 1666
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SP Angel, Joint Broker
Richard Hail, Caroline Rowe
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0203 470 0470
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