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IN BRIEF: Ascent Resources to sue settlement payment to fund operation

ALN

Ascent Resources PLC - Latin America and Europe-focused energy and natural resources company - Says it expects to begin PG-11A well maintenance and operation works once it receives the payment from the settlement agreement announced on Wednesday. Ascent announced on Wednesday that it Slovenian subsidiary Ascent Slovenia Ltd would agreed to settle a revenue dispute with Geoenergo for €1.7 million, of which it will receive €288,689 - the balance after it pays €1.4 million in a separate settlement with Petrol Geo.

Current share price: 3.40 pence each

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