Ascent Resources PLC has received final approval of the insolvency of its Slovenian joint venture partner, Geoenergo d.o.o. The company is owed approximately €8,000,000 of revenues, and it is working to register its claim in the insolvency proceedings. Ascent Resources PLC is also evaluating initiating civil and criminal charges against the directors and shareholders of Geoenergo. The administrator has initiated a non-binding invitation to tender for the Geoenergo business unit, and any proceeds from a potential sale would largely accrue to Ascent Slovenia Limited due to its large creditor position. The company is finalizing the filing of its claim in the insolvency proceedings and will make further announcements as necessary.