Proactiveinvestors United Kingdom Ascent Resources articles

Ascent Resources mulls options over Petisovci development

Tue, 29 Nov 2011 07:28:00 +0000

Ascent Resources is to look at debt rather than equity to finance the development of the first two wells on its Petisovci project in Slovenia.

Ascent Resources shares soar on better-than-expected flows at Petisovci

Fri, 25 Nov 2011 13:11:00 +0000

Shares in Slovenia-focused oil and gas explorer Ascent Resources soared by more than 70 per cent as it reported “excellent” results from its latest well on the Petisovci project.

November will be a busy month for London’s oil stocks, says finnCap

Wed, 02 Nov 2011 14:10:00 +0000

In a note today finnCap told clients that the sharp recovery in the equity market means that oil stocks aren’t as undervalued as they were. Attentions are now expected to turn onto high impact drilling results in the exploration and production sector.

Ascent Resources backed by investors after better-than-expected Petišovci frac

Mon, 24 Oct 2011 10:32:00 +0100

With more than a 45 per cent rise in the group’s shares last week it seems investors may be waking up to the potential of Ascent Resources’ the Petišovci project in Slovenia, after a better-than-expected frac job on the Pg-11A well.

Ascent Resources unveils ‘very encouraging’ preliminary frac results from Pg-11A well

Wed, 19 Oct 2011 09:57:00 +0100

Managing director Jeremy Eng says the results are more than adequate to support the further development of the Petišovci project in Slovenia.

Ascent Resources shares advance as latest well reveals new gas reservoir

Mon, 13 Jun 2011 10:46:00 +0100

Ascent Resources shares advanced 10 percent higher on AIM this morning after it unveiled more drilling success in Slovenia. It told investors that it has successfully completed drilling the Pg-11A well with encouraging results as it found a new deeper gas reservoir.

Ascent primed for take-off as the company unlocks the value of Petişovci

Thu, 24 Feb 2011 14:59:00 +0000

Broker Fox-Davies reckons investors have missed a trick and the company's current valuation is out of whack with its prospects. "The market is either over-discounting for the technical risks of this project or not willing to recognise at least the risked valuation of the asset, until a firm development plant has been completed or possibly of an actual production well is underway,” says analyst Lionel Therond.

Ascent Reources shares soar after better-than-expected result from Pg-11 well in Slovenia

Wed, 16 Feb 2011 10:52:00 +0000

The AIM-listed oil firm has completed the initial drilling phase on its first well on the Petişovci project in Slovenia. It found gas in all six target reservoir intervals and even uncovered a ‘bonus’ gas find in the deeper depths of the well. The rig is now on standby for a production sidetrack. The news was welcomed by investors and analysts alike.

Slovenia success could transform Ascent Resources

Tue, 09 Nov 2010 11:21:00 +0000

The company will shortly start drilling the first well at the Petişovci-Lovaszi gas prospect in Slovenia. If the current P50 reserves estimate of 412 billion cubic feet gas-in-place are proved up, then Petişovci-Lovaszi will be one of the bigger onshore gas fields in Europe - and could prove to be a company-making asset.

Ascent Resources surges as independent estimate puts Petisovci-Lovaszi tight gas at 412Bcf

Wed, 13 Oct 2010 08:20:00 +0100

Shares surged over 25% on the open, as investors welcomed an independent report on the Petisovci-Lovaszi project. RPS Energy estimates that the tight gas reservoirs contain 412Bcf of gas (68.7 million barrels of oil). The company is looking to spud an evaluation well in November.

Ascent Resources agrees Swiss assets sale

Thu, 22 Apr 2010 08:34:00 +0100

The deal will give Ascent €8 million in cash and farm-in rights relating to the disposed assets - thus the opportunity to still benefit from conventional discoveries.

Ascent Resources updates on planned activities for remainder of 2009

Thu, 23 Jul 2009 11:40:00 +0100

Ascent Resources PLC (AIM: AST) updated the market on activities planned for the remainder of 2009 in a statement ahead of its AGM.

Ascent Resources to receive 4% interest in Nighthawk Energy’s Jolly Ranch Project

Mon, 01 Jun 2009 09:18:00 +0100

San Severina will pay an initial consideration of US$21.9 million for 20%, of which Ascent Resources will receive 4%.

Ascent Resources gears up for busy drill program

Tue, 24 Mar 2009 09:11:00 +0000

With one gas field in production, an active drilling programme, a stake in an Italian drilling contractor, and a new joint venture with a Swiss Investment Fund, 2009 is shaping up to be a busy year

Jeremy Eng, Managing Director of Ascent Resources Speaks to Proactive Investors

Tue, 11 Nov 2008 09:36:00 +0000

Ascent Resources has an ongoing or traditional business strategy and has just signed a very interesting oil and gas asset management agreement with San Severina Holdings, Jeremy elaborates on the business concept for each of these two business streams.

Ascent Resources - 20 projects for £15 million

Wed, 13 Aug 2008 08:18:00 +0100

There is still plenty to play for across Ascent’s portfolio with a mixture of development, appraisal and exploration projects. Its activities span five countries in Europe, namely Hungary, Italy, Slovenia, Italy, Switzerland and the Netherlands.

Ascent Resources' Broad portfolio strategy brings benefits

Wed, 09 Jan 2008 00:00:00 +0000

While the market is disappointed about Anagni, notable progress has been made elsewhere including the farm-out ofthe Cento and Bastiglia exploration permits

Finding oil in Italy distracts investors from the bigger picture at Ascent Resources

Thu, 07 Jun 2007 00:00:00 +0100

As the company churns through the cycle of exploration, appraisal and production, new prospects have to be found to rebalance the company?s portfolio of projects. Recently, Ascent added acreage in Slovenia and now it has a 45% interest in the Petisovci-Dolina shallow oil fields.

Jeremy Eng of Ascent Resources talks to Proactiveinvestors

Sat, 12 Aug 2006 00:00:00 +0100

Jeremy Eng updates Proactive.

Ascent Resources could see 9 wells drilled in the next 12 months

Thu, 01 Jun 2006 00:00:00 +0100

Ambitious plans in a relatively short time frame.