ASCENT RESOURCES PLC

• ⚠

  Confirmation statement overdue

  Due 2026-06-03.

• ◆

  Material uncertainty over going concern

  The Group and Company financial statements have been prepared under the going concern assumption, with a material uncertainty give the Company needs to raise additional funds in the near term. Under the Group's forecasts, the funds raised together existing bank balances... are expected to provide sufficient funding for twelve months as at the date of this report. ...However, the ability to raise these funds is not guaranteed at the date of signing these financial statements. As a consequence, there is a material uncertainty to the going concern of the Group.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ASCENT RESOURCES PLC 2004-10-19 → present
2. ORBITEAGLE PUBLIC LIMITED COMPANY 2004-09-23 → 2004-10-19

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group and Company financial statements have been prepared under the going concern assumption, with a material uncertainty give the Company needs to raise additional funds in the near term. Under the Group's forecasts, the funds raised together existing bank balances... are expected to provide sufficient funding for twelve months as at the date of this report. ...However, the ability to raise these funds is not guaranteed at the date of signing these financial statements. As a consequence, there is a material uncertainty to the going concern of the Group.”

Group structure

1. ASCENT RESOURCES PLC · parent
   1. Ascent Slovenia Limited 100% · Malta · Oil and gas exploration
   2. Ascent Resources doo 100% · Slovenia · Oil and gas exploration
   3. Trameta doo 100% · Slovenia · Infrastructure owner
   4. Ascent Hispanic Resources UK Limited 100% · England and Wales · Oil and gas exploration
   5. Ascent Hispanic Ventures, S.L. 100% · Spain · Oil and gas exploration
   6. Ascent Claim Entitlement SPV Ltd 100% · England and Wales · Holding Company

Significant events

• “During 2024, the Company's Slovenian JV partner, Geoenergo d.o.o., filed for self-appointed insolvency, and an administrator was appointed on 19 January 2024. The Administrator unilaterally terminated the RJOA which had provisions relating to the automatic handover of ASL's interest in JV wells and infrastructure. ASL is pursuing re-imbursement of the €300k pre-paid abandonment liability.”
• “ASL is defending a claim on behalf of the JV brought by the service provider, Petrol Geo d.o.o., relating to alleged non-payment of invoices. The Company also has potential claim receivables in the Geoenergo d.o.o. insolvency process.”
• “On 28 January 2025, 1,149,058 new ordinary shares of 0.5 pence each were issued at a price of 2.3pence. On 20 February 2025, a general meeting authorized a new bonus issue of preference shares.”
• “In May 2025, the Company advanced its strategic pivot towards the U.S. onshore oil & gas and helium sector with new acquisitions and fundraising announced.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.