TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ascent Resources ( (GB:AST) ) has shared an announcement.
Ascent Resources PLC announced a favorable outcome in its arbitration against former Slovenian joint venture partner Geoenergo d.o.o., with the tribunal awarding Ascent Slovenia Limited nearly €5 million plus interest in owed revenues. Despite the positive ruling, the recovery of these funds depends on the completion of Geoenergo’s administration process, which may result in less than the full amount being recovered. Additionally, Ascent is invited to mediation with Geoenergo’s administrator over jurisdictional challenges, while continuing disputes with Petrol Geo d.o.o. are expected to progress in the coming weeks.
More about Ascent Resources
Ascent Resources PLC is a company operating in the energy sector, focusing on oil and gas exploration and production. Its primary market focus is on developing and managing energy resources, with a significant interest in joint ventures and partnerships to optimize its operations.
Average Trading Volume: 813,337
Technical Sentiment Signal: Sell
Current Market Cap: £2.53M
Learn more about AST stock on TipRanks’ Stock Analysis page.