Source - SMW
Ascent Resources has issued an update on the progress towards starting export production from the Petisovci asset to INA in Croatia.

On 28 Sep the company advised in its interim statement that the final step in the process was the recertification of the export pipeline by the Croatian government, and that this was expected to be completed shortly. 

It said that while this process had taken longer than expected it hasd successfully moved forward through a number of stages between different government departments and INA. 

Ascent said the final stage was an exchange of signatures between INA and the Croatian authorities which the company had been advised to expect within a short timeframe. 

It said that once this stage had been completed the company would begin to export gas production.

Chief executive Colin Hutchinson said: 'All those associated with the project are keen to commence export production as soon as possible and every effort is being made to make this happen.'