Ascent Resources PLC has made several significant announcements. The company is pleased to propose the appointment of Mr. Ibrahim Diab as Executive Chairman, subject to regulatory checks and a service contract. Additionally, Mr. Lionel Therond has been appointed as CFO, bringing with him 30 years of experience in oil & gas and banking. Ascent has also entered into a strategic collaboration agreement with Delta Energy Corp SARL, co-founded by Mr. Eric Faillenet and Mr. Ibrahim Diab, to capitalize on hydrocarbon opportunities. The company will soon publish its Annual Report and Accounts for the year ended 31 December 2023, along with the AGM Notice, with the AGM scheduled for 26 June 2024.
Furthermore, Mr. Malcolm Graham Wood has stepped down from the Board, and Mr. David Nelson Bullion has been appointed as a Non-Executive Director. Mr. James Parsons has also elected to stand down from the Board, but will continue to support the company in a business development and Board advisory role. The Board will consist of Mr. Jean-Michel Doublet and Mr. David Bullion as Non-Executive Directors, Mr. Andrew Dennan as CEO, and Mr. Ibrahim Diab and Mr. Edouard Etienvre as inbound Directors once regulatory checks are complete and service agreements have been signed.
The strategic collaboration with Delta is expected to lead to related party transactions, and further announcements will be made as appropriate. The AGM is scheduled for 26 June 2024 at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT. Shareholders and the public can expect the Annual Report and Accounts for the year ended 31 December 2023, along with the AGM Notice, to be published shortly. For further information, enquiries can be directed to Ascent Resources plc and its nominated adviser and broker, WH Ireland, as well as its joint broker, Novum Securities.