Ascent Resources sees improved production at Petisovci in March
Ascent Resources updated the market on production for March from the Petišovci field in Slovenia on Monday, reporting total production of 334,410 cubic metres or 2,036 barrels of oil equivalent.
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The AIM-traded firm said that made for an average of 66 barrels of oil equivalent per day, with revenue for the month totalling €44,095.
Total production for February was 311,443 cubic metres, or 1,896 barrels of oil equivalent, for an average of 71 barrels of oil equivalent per day, with revenue of €44,513.
“Further updates on the installation of compression equipment to increase and prolong production from the field and progress on permitting will be given in due course,” the Ascent Resources board said in its statement.