Posted by OilVoice Press - OilVoice
Audited Final Results for the year ended 31 December 2017
Ascent Resources plc (AIM: AST), the AIM quoted European oil and gas exploration and production company, is pleased to announce its audited full year results for the year ended 31 December 2017.
· Profitable, cash generative and debt free
· Producing from a high value gas asset
· Potential to increase production through well recompletions using existing infrastructure
· Cash reserves of over £1 million
The Company has today announced it will conduct a review of the various strategic options available to the Company to maximise value for shareholders.
This will include both, seeking to identify a partner to work with the Company to maximise the opportunities to develop existing assets and offers for the Company.
Colin Hutchinson, CEO of Ascent Resources plc, commented:
"This has been a transformational year for Ascent, as we have moved from an exploration company to a production company. We look forward to our continued success in the future."
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