Source - SMW
Ascent Resources posts a pre-tax loss of £1.3m for the six months to the end of June  - down from £2.7m last time.

The group said highlights in the period of the end of June include:


-      Raised £1.5million in new equity through three placings.
-     Loan note conversions have reduced the cash owed on convertible loan notes by £2.8 million in six months.
-      Administrative expenses reduced by (33%) to £676k compared with the same period in 2015.
-      Preliminary approach from Cadogan Petroleum plc highlighting the potential value of the asset.
-      Colin Hutchinson appointed as permanent CEO.