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30 Oct 2018 | 10:23

Ascent Resources mulls legal action against Slovenian regulator over permit award delay

Ascent Resources said Tuesday it would explore legal proceedings against regulators in Slovenia directly in the EU courts amid further delays to the award of the IPPC permit.

This comes after the company failed in its attempts, despite repeated efforts, to get a response from the Environment Agency to recent media reports that new Environment Minister, Jure Leben, had decided to make further enquiries into the IPPC permit.

As any legal action in Slovenia would be waste of shareholders money, Ascent Resources decided to explore legal proceedings against the Environment Agency, the Environmental Minister and the state of Slovenia directly in the EU courts, the company said. 'I am deeply disappointed that we have been let down once again by the Slovenian system given the private assurances received. I had hoped that the award of the permit would have marked the beginning of the next phase of the project, instead we are left once again reviewing our legal options to hold those responsible for the operation of the permitting system to account,' said Colin Hutchinson, CEO of Ascent Resources.

At 10:23am: (LON:AST) Ascent Resources PLC share price was -0.2p at 0.55p

Story provided by StockMarketWire.com
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