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Ascent Resources ( (GB:AST) ) has shared an announcement.
Ascent Resources PLC has announced that the Slovenian insolvency court has ruled on creditor claims in the insolvency proceedings of its former joint venture partner, Geoenergo d.o.o. The court has approved a total of €3,319,397 in valid claims, with Ascent Slovenia Limited (ASL) having approved claims amounting to €2,751,064. The court also recognized ASL’s conditional claim of €3,038,944 over JV plant and property, pending a handover memo. Additionally, the ruling acknowledged ASL’s objections to certain creditor claims, strengthening its position in the proceedings. Although ASL’s recovery remains contingent on the insolvency process and cash value realization, the company continues to pursue additional claims and arbitration to secure owed revenues.
More about Ascent Resources
Ascent Resources PLC is a company operating in the energy sector, primarily focusing on the production and development of hydrocarbon resources. The company is involved in various joint ventures and has a significant market focus in Slovenia, where it engages in activities related to hydrocarbon production.
YTD Price Performance: -59.21%
Average Trading Volume: 202,370
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.21M
For an in-depth examination of AST stock, go to TipRanks’ Stock Analysis page.
