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Ascent Resources Plc Disposes Its Interest in PetroHungaria Kft to Joint Venture Partners DualEx Energy International, Swede Resources and Geomega


Thursday, 25 Apr 2013 02:01am EDT 

Ascent Resources Plc announced that the Company has agreed to dispose of its 48.66% interest in PetroHungaria Kft, which held its interest in the Peneszlek field, to their joint venture partners, DualEx Energy International, Swede Resources and Geomega for a cash consideration of EUR 450,000. The sale is a way to realise the full value of the remaining production in an up-front cash payment that the Company can redeploy to advance its core Slovenia project. 

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