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Market: AIM
Sector: Energy
EPIC: AST
Latest Price: 2.68p  (0,00%)
52-week High: 4.38p
52-week Low: 1.63p
Market Cap: 27.48M
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Ascent Resources
www.ascentresources.co.uk

Ascent Resources plc is an independent, multi-project, European focussed oil and gas exploration and production company. Its portfolio is balanced providing access to low-risk development and revenue generating production projects, alongside exploration projects with the potential for higher returns. An experienced management team, implementing a defined development programme on primarily onshore projects, provides Ascent with a solid platform to grow and generate value for stakeholders. Licences are held in Hungary, Slovenia, Italy, Switzerland and The Netherlands.

Full Ascent Resources profile here
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Ascent Resources MD buys shares in firm

12th Dec 2011, 2:00 pm by Giles Gwinnett Eng is now interested in 0.71 per cent of the firm's share capital

Managing director of Ascent Resources (LON:AST) Jeremy Eng has bought shares in the oil and gas firm.

On December 9 (Friday), Eng bought around 1.35 million shares at 2.8 pence a share - a premium to Thursday's closing price of 2.75 pence a share - for around £37,795 , the company said in a statement.

Eng is now interested in 0.71 per cent of the firm's share capital.

Ascent, which is focused on gas, has a portfolio spanning across Italy, Switzerland, Hungary, Slovenia and Netherlands.

Last month, it reported high and better-than-expected gas flows from a second well on its Petisovci project in Slovenia.

Preliminary testing of the shallowest of two stages of the PG-10 well flowed at a stabilised rate of 8.5 MMscfd (240,000 m3; 1,420 boepd), Ascent said.

The Petisovci project is a joint venture between Slovenia group Geoenergo, which holds a 25 per cent interest in the project, and Ascent, which holds 75 per cent through a subsidiary.
Ascent Resources shares are currently trading at 2.9 pence each.

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