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21st Dec 2023 21:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Ascent Resources PLC - European and Hispanic American project-focused oil and gas exploration and production company - Says it is starting process to be able to distribute an entitlement to shareholders to the economic interest in 49% of any net proceeds received if its Energy Charter Treaty claim against Slovenia is successful. The claim relates The net proceeds of the claim by the company and its subsidiary Ascent Slovenia Ltd would be after all legal fees, costs and expenses relating to the claim. As part of this process, says it is creating a new 100%-owned subsidiary as a special purpose vehicle, of which claimants are expected to enter into a deed of transfer in relation to 49% of the net proceeds, if successful. If this vehicle receives tax clearance from HM Revenue & Customs, expects to convene a general meeting to seek shareholder approval for a bonus issue of shares. This is likely to be in January. Says it is finalising tax and legal advice and will maker further announcements "as appropriate". Read More
Echo Energy PLC - Latin America-focused exploration company - Hires "highly experienced geoscientist" Stephen Birrell as new chief executive officer, effective immediately. Birrell is currently a non-executive director at Coro Energy PLC and Live Co Group PLC, and managing director at Ossian Energy Ltd. He served as a non-executive director at Ascent Resources PLC from 2020 to October this year. Echo's current CEO Martin Hull steps down to become a non-executive director, as does Non-Executive Chair James Parsons. Company promotes Christian Yates, another non-executive director, to chair with immediate effect. Yates says Birrell "brings a wealth of technical and commercial experience...we look forward to leveraging his experience as we look to deliver our strategy." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Ascent Resources PLC on Tuesday said it agreed to a strategic collaboration agreement with investment firm MBD Partners SA. Read More
(Alliance News) - Ascent Resources PLC on Thursday said revenue surged on its successful litigation against Geoenergo. Read More
(Alliance News) - Ascent Resources PLC and Amur Minerals Corp on Tuesday both acknowledged Amur's ending of discussions over a prospective takeover by Ascent. Read More
Ascent Resources PLC - European and Hispanic American project-focused oil and gas exploration and production company - Files its arbitration memorial and a significant increase in the size of the damages assessment in relation to Ascent Resources and Ascent Slovenia Ltd's Energy Charter Treaty damages claim against Slovenia. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Amur Minerals Corp on Friday noted Ascent Resources PLC's announcement of a possible takeover bid for Amur and said it would "consider" the terms on offer. Read More
(Alliance News) - Stocks in London were higher at the close on Thursday as markets breathed a sigh of relief that the US debt ceiling deal was approved by the House of Representatives. Read More
(Alliance News) - Ascent Resources PLC on Thursday said it wants to buy fellow London listing Amur Minerals Corp in an all-share deal. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Ascent Resources PLC - Latin America and Europe-focused energy and natural resources company - Says it expects to begin PG-11A well maintenance and operation works once it receives the payment from the settlement agreement announced on Wednesday. Ascent announced on Wednesday that it Slovenian subsidiary Ascent Slovenia Ltd would agreed to settle a revenue dispute with Geoenergo for EUR1.7 million, of which it will receive EUR288,689 - the balance after it pays EUR1.4 million in a separate settlement with Petrol Geo. Read More
(Alliance News) - Ascent Resources PLC on Tuesday said it has agreed to settle a portion of its revenue recognition claim against Geoenergo, and to settle its dispute with the joint venture service provider Petrol Geo. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Ascent Resources PLC - Latin America and Europe-focused energy and natural resources company - Says maintenance works for Slovenia operations is expected to begin this months. It will take ten days to complete following the arrival of long lead items to site. Follows announcement on December 1. Says it will provide an update on the outcome of the operation in due course. Read More