We recently invited Colin Hutchinson into the studio to speak to Bonnie Hughes to explain a little more about the options available to the company in the wake of there recent fundraising via Primary Bid. On completion of the equity issue, Ascent announced gross proceeds of approx £350,000.
Colin Hutchinson, Chief Executive Officer of Ascent Resources, commented:
“I am very pleased with the response to the Offer, the funds raised will be used to continue to develop the project and progress due diligence on other opportunities outside of Slovenia.”
The Company has subsequently appointed John Buggenhagen as Chief Operating Officer (non-board position). John is an experienced and dynamic geophysicist with 20 years’ working knowledge of the industry. He was the CEO of Palomar Natural Resources, a Polish focussed E&P Company. Prior to that John was Director of Exploration for San Leon Energy in London, and Exploration Manager Europe for Aspect Energy/Hungarian Horizon. He holds a bachelor’s degree in geophysics from the University of Arizona, a master’s degree in geophysics from the University of Wyoming, and a Ph.D. in geophysics also from the University of Wyoming.
You can see the recent interview by TMS with Colin Hutchinson below