Ascent Resources says the arbitral tribunal overseeing its Energy Charter Treaty claim against the Republic of Slovenia has reached an advanced stage and an award is expected in June.
Ascent Resources (AIM:AST) shares rose 9.2% to 0.6822p after the company said the ICSID tribunal in its ECT arbitration is at an advanced stage and an award is expected in June.
The update follows the company's announcement of 24 March and cites confirmation from the International Centre for Settlement of Investment Disputes (ICSID) on the tribunal's timetable, the company said.
Ascent said it will publish further updates as necessary.
A strong set of interim numbers from Computacenter (LSE:CCC) dominated the technology sector on Thursday, with the group's first-half profit doubling and full-year guidance lifted comfortably above consensus. Elsewhere, Bango delivered a standout cash earnings milestone at the halfway point.