Northland Capital partners view on Ascent Resources LON:AST: The recertification of the export pipeline is the first in a series of steps that will move the Petišovci Gas Project into untreated gas production and cash generation in Q117. The export pipeline will be connected to the existing central treatment station (CPP) (owned by Ascents JV partner and used under a service agreement) that will be refurbished to remove the water and condensate from the gas. The CPP will be connected to wells Pg10 and Pg11A via another an existing pipeline.
| Export pipeline recertified at the operating pressure for production |
| n The export pipeline that runs from the Petišovci Field to the Croatian border has been recertified at the operating pressure required for production.
n Purchase order for the connection of the pipelines has been approved and the planning work is underway. |
