Geoenergo enters bankruptcy as court deflects move by Ascent Resources

Ljubljana, 19 January - A court has approved a bankruptcy application by Geoenergo, a Slovenian company that paired up with the UK's Ascent Resources to extract gas in the northeast of the country. As Geoenergo's creditor and partner, Ascent Resources had asked the court to prevent the insolvency proceeding, but the court has sided with Geoenergo.