Ascent Resources plc has acquired a 49% interest in 119,000 acres of helium-rich oil and gas licences in the Paradox Basin across Utah and Colorado, USA. ZONES The US$2 million acquisition, supported by a $475,949 fundraise at a 203% premium, is from Houston-based operator American Helium LLC. Ascent will pay $1.75m with 27,650,000 new Ascent […]
Tag: Ascent Resources plc
Ascent appoints Gilles Thieffry as chairman
Ascent Resources plc said it intended to appoint Gilles Thieffry to the board as non-executive chairman. The company also created a new joint venture special purpose vehicle with Delta Energy Corp SARL, focusing on new development opportunities in “world-class proven hydrocarbon basins”. Mr Thieffry has four decades’ legal experience with expertise in capital markets, structured […]
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]
Ascent appoints Edouard Etienvre as NED
Ascent Resources plc has appointed Edouard Etienvre to the board as an independent non-executive director. Mr Etienvre is a finance and commercial executive with more than 18 years’ experience in the oil and gas sector. He initially worked in the banking sector (reserve-based lending) and recently with private and public E&P companies, commodities trading houses, […]
Ascent changes board in strategic deal
Ascent Resources plc plans to appoint Ibrahim Diab as executive chairman and has appointed Lionel Therond as chief financial officer. The changes are in a “strategic collaboration” with Delta Energy Corp SARL. Mr Diab and Eric Faillenet, former managing director at Carlyle International Energy Partners and previously a Perenco senior executive, co-founded London and Luxembourg based-Delta. […]
Ascent to appoint David Bullion as NED
Ascent Resources plc intends to appoint David Bullion as a non-executive director, among other board changes, as the company adds the mid-stream sector to its portfolio. Mr Bullion is CIO of American Helium and CEO of GNG Partners LLC, before which he held senior positions across the world during his 20 years with BP. Ascent […]