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Equities

Ascent Resources' Slovenia Energy Charter Treaty Arbitration Concludes

Ascent Resources (AST.L) said Thursday that the arbitration proceeding in its Energy Charter Treaty claim against the Republic of Slovenia has been formally closed.The onshore US-focused oil and gas company was notified of the closure by the tribunal overseeing the case under the International Centre for Settlement of Investment Disputes on Wednesday.Ascent said the tribunal is expected to issue its final award before the end of June.

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Equities

Ascent Resources Amends Riverfort Loan, Partly Settles Debt in Shares

Ascent Resources (AST.L) said Tuesday it agreed with Riverfort Global Opportunities to amend the terms of an existing secured loan facility, including a partial repayment in shares and an extension of the remaining balance.Of the $250,000 repayment due on April 21, $100,000 will be settled through the issue of 14,925,373 new ordinary shares at 0.005 pound sterling each, while the remaining $150,000 has been extended to June 6 in exchange for a $6,000 fee.The oil and gas company will also issue 6,969,740 new shares to settle 35,000 pounds of trade creditors at the same price.Admission of the new shares to trading on the London stock exchange's AIM is expected on Wednesday.

$AST.L
Equities

Ascent Resources Expects Final Decision in Slovenia Arbitration in June

Oil and gas company Ascent Resources (AST.L) said the final decision for its energy charter treaty claim against Slovenia is expected to be issued in June.The update follows the International Centre for Settlement of Investment Disputes' confirmation that the arbitration tribunal has reached the final stages of the proceedings, according to a Wednesday filing.

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