Source - SMW
Ascent Resources said it had identified prospects at its Petisovci project in Slovenia that would not require stimulation work.

The company was still awaiting the results of a court appeal against the Slovenian government's decision to force it and partners to do an environmental impact assessment in order to stimulate wells.

'Based upon recent reinterpretation of the newly reprocessed Petisovci 3D seismic survey, several shallow conventional drilling opportunities have been identified which require no stimulation,' Ascent Resources said.

'The partners look forward to progressing these opportunities in 2020.'

The company is also pursuing damages against the government via an arbitration claim.   At 2:00pm: (LON:AST) Ascent Resources PLC share price was -0.01p at 0.09p

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