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Additional Information
Market: AIM
Sector: Energy
EPIC: AST
Latest Price: 3.23p  (0,00%)
52-week High: 9.75p
52-week Low: 1.63p
Market Cap: 33.12M
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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 snaps up 1.8 million shares at 2.75 pence

8th Jan 2009, 12:45 pm

Ascent Resources, the European focused oil and gas exploration and production company, said that Jeremy Eng, Managing Director purchased approximately 1.8 million shares at a price of 2.75p per share.

The share purchase nearly doubled Mr. Eng's stake to 1.25%, or 3.8 million shares.

In November, Ascent Resources announced that it had agreed to establish a ‘oil and gas asset management joint venture’ with San Severina Holdings, a Swiss based investment company. The joint venture will see Ascent provide management services to projects in return for a carried equity stake. San Severine will provide investment funding for appraisal, development and production oil & gas projects, and will commit an initial sum of €100 million to establish the division.


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