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.
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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.