Ascent starts export gas production from Petisovci
Source - SMW
Ascent Resources has started export gas production from the Petisovci field in Slovenia to INA in Croatia.
It said: 'The recertification of the pipeline has been processed by the Croatian government and on Thursday 2 Nov, well Pg-10 was turned on, and gas flowed for the first time from the Petisovci field to the INA processing facility at Molve in Croatia.
'In accordance with the commencement plan, production from Pg-11A will be added later this morning.'
The company said the initial delivery of gas triggered the start of the previously announced contract, with INA, which had a minimum duration of one year.
Chief executive Colin Hutchinson said: 'We are very happy to be finally exporting gas production from the Petisovci field, we thank all of our employees, investors and advisers who have contributed to the project over the years.'
At 9:18am: (LON:AST) Ascent Resources PLC share price was +0.35p at 2.3p