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Ascent Resources ( (GB:AST) ) has issued an update.
Ascent Resources Plc has announced conditional agreements to acquire significant interests in oil and gas leases in Colorado and Utah, subject to shareholder approval. These acquisitions include a 49% interest in Colorado and a 10% interest in Utah, with options for further expansion. The company plans to implement cost-saving measures, appoint a new CEO, and raise funds to support these ventures. These strategic moves are expected to enhance Ascent’s operational capabilities and market positioning, potentially benefiting stakeholders through increased production and resource development.
More about Ascent Resources
Ascent Resources Plc is a company operating in the oil and gas industry, focusing on acquiring and managing upstream portfolios. The company is involved in producing and prospective oil and gas leases, with a market focus on regions such as Colorado and Utah.
Average Trading Volume: 368,952
Technical Sentiment Signal: Sell
Current Market Cap: £2.62M
Find detailed analytics on AST stock on TipRanks’ Stock Analysis page.