# INTERVIEW: Ascent Resources Plc INA delay provides quicker higher profits

- Link: https://www.directorstalkinterviews.com/interview-ascent-resources-plc-ina-delay-provides-quicker-higher-profits/412725673
- Published: 2017-03-17T07:24:36+00:00
- Author: Giles Arbor

**Ascent Resources Plc** (LON:AST) CEO Colin Hutchinson talks to DirectorsTalk about
its delay in selling gas to INA. Colin explains how by delaying he can actually 
increase profits in the short term. Colin also talks detail about the loan note 
conversion that was announced last Friday.

 

Ascent Resources plc is an independent oil and gas exploration and production (E&
P) company. The Company’s portfolio consists of European onshore projects. The Company
operates through two segments: Slovenia and UK. The Slovenia segment is engaged 
in exploration and development work. The UK segment includes head office. It operates
the Petisovci tight gas project in Slovenia. The Company’s project is operated through
a local entity in a joint venture. The Petisovci Tight Gas Project is located in
an area covering approximately 100 square kilometers in north eastern Slovenia. 
The Petisovci Tight Gas Project targets the development of tight gas reservoirs,
which include Miocene clastic sediments. The structure has over two sets of reservoirs,
the shallower Upper Miocene and the deeper Middle Miocene. It is focused on the 
development of the Middle Miocene Badenian reservoirs.

Share on: