Metals & Minerals News

Ascent might pursue offer for Amur after talks ‘ceased’

Ascent Resources plc said it could still put forward a binding offer for Amur Minerals Corporation after the latter announced this morning that talks on a previous offer had ceased. SURPRISED In June 2023, Ascent planned to bid for Amur which had recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far […]

Legal News Oil & Gas

Ascent files claim memorial and €657m damages against Slovenia

Ascent Resources plc has formally filed its claim memorial and increase in damages to €656.5 million over its onshore gas interests against the Republic of Slovenia. HYDRAULIC FRACTURING Legal action began after the company claimed treaty breaches and that the country’s new laws banning the use of hydraulic fracturing affected the company’s operations within the […]

Metals & Minerals News Oil & Gas

Ascent to bid for Amur Minerals with all-share offer

Ascent Resources plc intends to bid for Amur Minerals Corporation which recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far east Russia for US$35 million. NEW ENTITY Ascent said it had been involved in “a period of protracted discussions” with the British Virgin Islands-based company. Ascent aims to create a “larger, […]

Finance Legal News Oil & Gas

Ascent cancels Beryl’s £1m subscription

Ascent Resources plc has cancelled the delayed £1 million subscription by Beryl International Pty following developments in the arbitration over its onshore Slovenia gas joint venture. TERMINATION Ascent’s reasons for the move include the possible receipt of Slovenia funds, a recent £400,000 fundraise, Beryl’s failure “to provide confidence” on its ability to complete its commitment […]

News Oil & Gas

Ascent plans maintenance and operational work at Petišovci JV

Ascent Resources plc said it expected to start maintenance and operational works on well PG-11A on the Petišovci joint venture tight gas project, onshore Slovenia. REVIEW The company holds 75% of the JV and partner Geoenergo has 25%. Ascent will begin work once it receives the payments and revised documentation reflecting the impact of the […]