Ascent Resources to initiate arbitration with Slovenia

London, 23 March - The British company Ascent Resources has announced it will initiate arbitration proceedings against Slovenia over the dispute over permits for the extraction of gas by means of hydraulic fracturing in Petišovci (NE), after the state had failed to set forward a damages proposal. The company has estimated damage to be in excess of EUR 100 million.

The Pg-10 and Pg-11A wells that Ascent Resources wants to re-stimulate.
Photo: Marjan Maučec/STA
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