Ascent Resources PLC has provided an update on its joint venture partner Geoenergo d.o.o.'s administration. The Restated Joint Operating Agreement (RJOA) has been terminated under default rules of the Slovenian Obligations Code, and the service agreement with field operator Petrol GEO has also been terminated. The mining right, held by Geoenergo, is expected to be taken on by the Ministry of Natural Resources. Ascent Slovenia Limited (ASL) has filed a claim in the Geoenergo insolvency process for a total amount of approximately €11 million, inclusive of late interest costs, with approximately €3 million relating to claims for ASL's share of JV property. The remainder of the claim relates to monies received by Geoenergo and owed to ASL ahead of their insolvency. Further announcements will be made as necessary.