Ascent Resources plunges after update

Shares of European oil and gas firm Ascent Resources went into freefall on Monday after its new Chief Executive Len Reece outlined his plans to stop the group's underperformance and confirmed it is not in talks with regards to the sale of the group.

Shares of European oil and gas firm Ascent Resources went into freefall on Monday after its new Chief Executive Len Reece outlined his plans to stop the group's underperformance and confirmed it is not in talks with regards to the sale of the group.

Ascent said near term objectives include completing formalities with Slovenian authorities to take the Petiovci project through to production.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.