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The latest update is out from Ascent Resources ( (GB:AST) ).
Ascent Resources PLC has announced significant operational updates, including strong production flow rates from five wells and plans to resume production from additional wells. The company has revised agreements with Arb Energy Utah, LLC and Locin Oil Corporation to facilitate direct lease interests and manage abandonment liabilities. Furthermore, Ascent is issuing new shares as part of its strategic agreements and to compensate directors, with a total of 810,887,442 ordinary shares now in issue. These developments are expected to enhance Ascent’s production capabilities and strengthen its market position.
More about Ascent Resources
Ascent Resources PLC operates in the energy sector, focusing on the exploration and production of natural gas and oil. The company is involved in various projects aimed at enhancing production and developing prospective resources, with a market focus on increasing its operational capacity and resource development.
Average Trading Volume: 847,794
Technical Sentiment Signal: Sell
Current Market Cap: £2.53M
For an in-depth examination of AST stock, go to TipRanks’ Overview page.