Ascent Resources Plc (LON:AST) today announced an update to the market on the current position with respect to the IPPC Permit application.
In February 2016 Ascent reported that its partners in Slovenia had been informed that the Court would begin its review of Ascent’s case during March 2016 and the Company were therefore optimistic that a decision could be made before the end of Q2 2016. The Company understands that the Court has begun its review as planned.
In anticipation of a positive outcome, the Company and its partners in Slovenia have released the tender for a metering and monitoring station. This will be installed at the entry point to the national grid and will measure the quantity and quality of gas produced from the Petišovci field.
Further announcements will be made in due course.