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16 Jul 2019 | 13:15

Ascent Resources venture files appeal against Slovenia permitting decision

Ascent Resources confirmed that an appeal has been filed against a decision in Slovenia requiring a company joint venture to prepare a full environmental impact assessment to stimulate gas wells.

Last month, the country's Environment Ministry rejected an appeal from the joint venture partners against the decision of the Slovenian Environmental Agency.

The partners had filed their appeal to the Administrative Court in time for a 15 July deadline.

'The decision of ARSO and the Environment Ministry ignores the opinion of the six independent expert bodies whose advice ARSO sought,' Ascent said.

'In breach of EU law, the decision also mistakenly concluded that the project fell within a conservation area and misapplied EU case law in relation to mitigation measures.'

'The company is working to prepare legal claims for damages against the Republic of Slovenia for breaches of EU law which will be pursued in domestic and international courts.'

'The board will update shareholders on funding for litigation in due course.'

At 1:15pm: (LON:AST) Ascent Resources PLC share price was -0.03p at 0.28p

Story provided by StockMarketWire.com
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