Ascent Resources Plc (LON:AST) CEO Colin Hutchinson talks to DirectorsTalk about how the recent fund-raised cash will be utilised, next steps after agreements complete, legal options in relation to the IPPC permit and confidence in the development of the gas project as a whole.
Colin Hutchinson is a fellow of the Institute of Chartered Accountants in Ireland, he holds a law degree from the University of Dundee and an MBA from Warwick Business School. Colin previously served as the Company’s Finance Director. He has over fifteen years’ international experience gained in commercially orientated finance roles with a mix of technology and energy companies. Prior to joining Ascent, he was Group Financial Controller & Company Secretary at Lochard Energy plc and Co-Founder & Finance Director at Samba Communications Ltd. He is also a Non-Executive Director and Chairman of the audit committee of 365 Agile plc, a Technology company focussed on IoT applications.
Ascent Resources plc is an independent oil and gas exploration and production company that was admitted on AIM, operated by the London Stock Exchange, in November 2004 (LSE:AST). Since then its portfolio has consisted of predominantly European onshore projects. Ascent currently operates the Petišovci tight gas project in Slovenia which it considers to be an outstanding prospect. Ascent is subject to the UK City Code on Takeovers and Mergers.
