12th Jun 2026 14:31
Ascent Resources PLC - oil and gas exploration and production firm with principal assets in Slovenia and the US - Says the in-progress audit of its 2025 accounts is taking longer than expected. Attributes this to delays in the consolidation of its US acquisitions, due to system issues affecting its US accounting firm, and to the amount of work needed to capture acquisitions from May last year in its audit cycle. Results will therefore be published after June 30, the deadline provided by AIM's rules. Ascent shares will therefore be temporarily suspended from trading on AIM, effective from 0730 BST on July 1, until the company releases its accounts. Ascent currently expects to do so before the end of July. Says it is working closely with its auditors to complete the audit process as soon as practically possible, and that it will give further updates as appropriate.
Also, Ascent says it continues to manage its working capital position and creditors prudently as it awaits the tribunal decision on its Energy Charter Treaty arbitration claim. It is also evaluating various funding options, and says it remains focused on strengthening its financial position and investment proposition.
Current stock price: 0.38 pence, down 24% on Friday afternoon in London
12-month change: down 28%
By Emma Curzon, Alliance News reporter
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