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Ascent Resources: Audited Final Results for the Year Ended 31 December 2017


Audited Final Results for the year ended 31 December 2017

Transformational Year

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.

2017 Highlights

·     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." 


Visit source site

https://ascentresources.co.uk/investors/regulatory...

Ascent ResourcesResultsAIMOilgaso&g

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