Ascent Resources appoints Louis Castro to its Board as Non-Executive Director alongside COO John Buggenhagen joining the Board

– UK, London –  Ascent Resources PLC (LON:AST) today announced that further to the announcement of 14 January 2019, Nigel Moore has retired from the board. Nigel had been a director of Ascent since 2006 and has provided valuable support to the Company including in his role as Chairman of the Audit Committee.he following changes to its Board. The company announced two new appointments with John Edmund Buggenhagen joining the Board as an Executive Director while Louis Emmanuel Castro has been appointed as an Executive Director.

Colin Hutchinson, CEO of Ascent Resources plc, commented: “I am delighted that both John and Louis have joined the board and very much look forward to working with them to progress our project in Slovenia and on developing our new ventures.”

About John Buggenhagen

John Buggenhagen who joined the management team as Chief Operating Officer on 14 January 2019 has today been appointed to the Board.

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.

About Louis Castro

Louis Castro has been appointed as non-executive director and Chairman of the Audit Committee. Louis is a chartered accountant and former investment banker with more than 30 years’ City and industry experience.

He was previously CFO at Eland Oil and Gas, an AIM listed upstream Oil and Gas company operating in Nigeria, and CEO at Northland Capital Partners, the investment bank and broker, where he represented a significant number of Oil and Gas clients. Louis is also a non-executive director and Chairman of the Audit Committee at Stanley Gibbons Group plc and Jangada Mines plc.

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