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Ascent Resources expects to sell gas to Croatia's INA by end of July

Staff Writer |
European-focused oil and gas company Ascent Resources said it is progressing well with completing the infrastructure to deliver gas from the Petisovci project in Slovenia to Croatian oil company INA.

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The line connecting the central processing plant to the export pipeline at MRS Lendava has been refurbished and pressured tested, and Ascent expects to receive the operational certificate from the Slovenian authorities by July.

INA itself is due to re-certificate its pipeline on the Croatian side of the border in time to receive gas from Petisovci, expected to commence at the end of July.

Within the project, Well Pg-10 has continued satisfactory production which is being sold to a local industrial customer through Ascent's partner Geoenergo.

However, well Pg-11A's final downhole portion of preparing the well to produce and sell gas has been delayed by the need to acquire a coiled tubing unit, to remove the the bottom plug.

The unit is expected to arrive on site in the next week, adding a few more days to the work on the well.

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