Ascent Resources provides audited final results for the year ended 31 December 2017
Tuesday, Apr 17, 2018
Ascent Resources plc, 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."  

For more information, please visit:
Find out more about European Oil and Gas from NewsBase