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 […]

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Ascent to receive further revenues from Slovenia JV

Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]

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Ascent Slovenia receives first payment of €650,560

Ascent Resources plc said it had received the first cash payment following the agreement on recognition of revenue at its joint venture (JV) onshore gas operations in Slovenia. REVENUES On 2 August the company and its local JV partner agreed Ascent’s entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells […]

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Ascent to receive €1.68m in Slovenia dispute

Ascent Resources plc said it expected to receive €1.68 million hydrocarbon revenues covering 26 months’ operations from its joint venture (JV) within the Petisovci concession area in Slovenia. WELLS PG-10 & PG-11A Ascent holds a 75% interest in the Petišovci project and its JV partner Geoenergo holds the remaining 25%. The revenues are from the […]