Ascent Resources completes operations on Pg-10 well

Ascent Resources, an AIM listed independent energy company, has successfully completed wireline operations at its Pg-10 well.

The service team have cleared debris from the well and perforated production tubing at a depth of 3,102m where it is in contact with the reservoir.

The well flared for a short period after the operation indicating the perforations has been done successfully.

The surface well test team will carry out a flow test which is anticipated to be completed this week.

Chief executive Colin Hutchinson said: "We are pleased that the perforating operation has been successfully completed and look forward to the results of the flow test."

The share price rose 12.44% to 1.80p at 1300 GMT on Monday.