Ascent Resources PLC on Friday announced it expects sales of gaseous helium to begin shortly.

In April, the London-based oil and gas exploration company raise $1.7 million and invested in the holding company GNG Partners LLC.

GNG, which owns the US Lisbon Valley gas and helium processing plant in Utah, said it expects the site to return to service within 6-8 weeks following a period of maintenance and improvement work.

Sales of helium are to begin immediately following the recommissioning of the facility.

Ascent shares were down 4.0% to 1.80 pence each in London on Friday afternoon.

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