Proactiveinvestors United Kingdom Ascent Resources PLC Proactiveinvestors United Kingdom Ascent Resources PLC RSS feed en Tue, 07 Apr 2020 02:29:08 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Ascent Resources shares advance as gas sales deal extended Mon, 29 Apr 2019 08:48:00 +0100 Ascent Resources shares rise as Slovenia permit is confirmed Mon, 15 Apr 2019 07:43:00 +0100 Ascent Resources restarts Pg-11A well, permitting hits further delay Fri, 08 Jun 2018 06:55:00 +0100 'This is just the start for Ascent Resources', says CEO Colin Hutchinson Fri, 17 Nov 2017 14:14:00 +0000 Ascent Resources shares rise as investors look forward to start of gas production Tue, 18 Jul 2017 13:00:00 +0100 Ascent Resources “delighted” as it reports first gas sale in Slovenia Thu, 13 Apr 2017 10:14:00 +0100 Ascent Resources gas treatment project in clear as court dismisses latest appeal Fri, 31 Mar 2017 07:23:00 +0100 Slovenian gas producer Ascent Resources lands supply contract Fri, 10 Mar 2017 08:20:00 +0000 Ascent Resources 'moving ahead without delay' towards first gas in Slovenia Thu, 16 Feb 2017 12:46:00 +0000 Ascent Resources gas flow test beats expectations Mon, 30 Jan 2017 07:55:00 +0000 Ascent Resources shares advance ahead of gas flow test Mon, 23 Jan 2017 09:21:00 +0000 Ascent Resources boosted by environmental ruling Fri, 11 Nov 2016 10:58:00 +0000 Ascent is now only months away from cash flow from Slovenian gas Mon, 07 Nov 2016 14:26:00 +0000 Ascent Resources plc readying itself for production in Slovenia Tue, 01 Nov 2016 14:55:00 +0000 Ascent Resources' £4.5mln placing sets it on path to first gas Thu, 27 Oct 2016 07:08:00 +0100 Ascent Resources PLC raises £500,000 through online investment platform Thu, 07 Apr 2016 09:56:00 +0100 Ascent set for sharp descent after speculators kill Cadogan takeover Fri, 01 Apr 2016 06:33:00 +0100 Ascent Resources slumps as it eyes recapitalisation Mon, 17 Aug 2015 12:53:00 +0100 Ascent Resources advances following permit award in Slovenia Wed, 24 Jun 2015 09:49:00 +0100 Ascent Resources falls amid funding uncertainty Wed, 09 Jul 2014 07:44:00 +0100 Ascent agrees £5mln funding deal; reveals opportunity to generate early cash flow Wed, 05 Feb 2014 07:03:00 +0000 Ascent Resources to sell non-core Dutch assets Wed, 07 Aug 2013 06:47:00 +0100 Ascent Resources shares lifted as makes progress in Slovenia Thu, 27 Jun 2013 09:42:00 +0100 Ascent Resources sells Hungarian assets for €450,000 Thu, 25 Apr 2013 07:19:00 +0100 Ascent Resources slides on open offer terms Fri, 12 Apr 2013 06:37:00 +0100 Ascent Resources secures £10mln funding facility Tue, 12 Feb 2013 06:56:00 +0000 Ascent Resources slides on new funding Mon, 24 Dec 2012 07:55:00 +0000 Ascent Resources confirms Slovenian farm out talks Fri, 26 Oct 2012 06:29:00 +0100 Ascent Resources looks to solve €15 million loan impasse Tue, 09 Oct 2012 13:49:00 +0100 Ascent Resources hires new chief executive Thu, 23 Aug 2012 06:45:00 +0100 Ascent Resources bolsters finances after Petišovci delay Fri, 27 Jul 2012 08:52:00 +0100 Ascent Resources: Penészlek field boosted by latest findings of PEN-105A well Tue, 10 Jul 2012 07:46:00 +0100 Ascent Resources' initial development at Petisovci should cause shares to re-rate, says broker The securing of €15 million funding by Ascent Resources' (LON:AST) marks a key milestone for the oil and gas firm, says broker FinnCap

Wed, 30 May 2012 10:50:00 +0100
Ascent Resources hails solid progress at Petisovci gas field in Slovenia Wed, 30 May 2012 07:42:00 +0100 Ascent Resources secures BNP Paribas loan for Petisovci field development, shares soar Tue, 29 May 2012 15:16:00 +0100 Ascent Resources says Hungarian sidetrack well exceeds hopes Wed, 18 Apr 2012 06:28:00 +0100 Ascent Resources starts side-track drilling on Penészlek gas field Wed, 21 Mar 2012 06:21:00 +0000 Ascent Resources increases Petišovci gas-in-place by 22 pct Thu, 23 Feb 2012 06:41:00 +0000 Ascent Resources MD buys shares in firm Mon, 12 Dec 2011 13:00:00 +0000 Ascent Resources mulls options over Petisovci development 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.

Tue, 29 Nov 2011 06:28:00 +0000
Ascent reports "excellent" result from second well in Slovenia Fri, 25 Nov 2011 06:43:00 +0000 November will be a busy month for London’s oil stocks, says finnCap 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.

Wed, 02 Nov 2011 13:10:00 +0000
Ascent Resources prepares Pg-11A well for production The Pg-11A is now being prepared for production. Meanwhile fracture stimulation operations will begin in the coming days at the nearby Pg-10 well.

Wed, 02 Nov 2011 06:33:00 +0000
Ascent Resources backed by investors after better-than-expected Petišovci frac 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. 

Mon, 24 Oct 2011 09:32:00 +0100
Ascent Resources unveils ‘very encouraging’ preliminary frac results from Pg-11A well Managing director Jeremy Eng says the results are more than adequate to support the further development of the Petišovci project in Slovenia.

Wed, 19 Oct 2011 08:57:00 +0100
Ascent Resources gets licence extension offshore Netherlands Tue, 13 Sep 2011 06:47:00 +0100 Ascent Resources sees energy prices favourable as interim losses narrow Wed, 07 Sep 2011 08:21:00 +0100 UPDATE: Ascent Resources says Pg-10 well confirms potential commerciality of Petišovci Tue, 23 Aug 2011 12:52:00 +0100 Ascent Resources says Pg-10 well confirms potential commerciality of Petišovci Tue, 23 Aug 2011 06:37:00 +0100 Ascent Resources raises €552,525 to advance Italian projects Thu, 21 Jul 2011 06:47:00 +0100 Ascent Resources Pg-10 well to confirm quality of Middle Miocene; will analyse deeper reservoir

Ascent Resources revealed this morning it has begun drilling the Pg-10 well on the Petišovci Project in Slovenia. The aim of this second redevelopment well is to confirm the quality and commerciality of the Middle Miocene reservoir, which is estimated to contain 400 billion cubic feet of gas.

Thu, 23 Jun 2011 06:34:00 +0100
Ascent Resources shares advance as latest well reveals new gas reservoir 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.

Mon, 13 Jun 2011 09:46:00 +0100
Ascent Resources completes Pg-11a well with encouraging results Mon, 13 Jun 2011 06:36:00 +0100 UPDATE: Ascent looks forward to “highly encouraging” year Thu, 02 Jun 2011 10:21:00 +0100 Ascent looks forward to “highly encouraging” year Thu, 02 Jun 2011 07:52:00 +0100 Fox-Davies repeats ‘buy’ for Ascent Resources after latest well update from Slovenia Wed, 25 May 2011 10:16:00 +0100 Tests at Pg-11A well at Ascent Resources’ Petišovci project show producible gas Tue, 24 May 2011 07:55:00 +0100 Ascent Resources One2One Presentation in Dublin - 29th March 2011 Tue, 29 Mar 2011 08:00:00 +0100 Ascent Resources directors buy shares Fri, 18 Mar 2011 08:38:00 +0000 Ascent Resources raising £17 mln in placing to develop Slovenian/Hungarian gas projects Thu, 17 Mar 2011 11:37:00 +0000 Ascent Resources raises £0.4 million after drilling success at Petişovci gas project Mon, 07 Mar 2011 07:40:00 +0000 Ascent primed for take-off as the company unlocks the value of Petişovci 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.

Thu, 24 Feb 2011 13:59:00 +0000
Ascent Resources’ Pg-11 well will add c.30 pct in recoverable volumes - finnCap Mon, 21 Feb 2011 15:10:00 +0000 Ascent Reources shares soar after better-than-expected result from Pg-11 well in Slovenia  

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.


Wed, 16 Feb 2011 09:52:00 +0000
Ascent Resources: Successful Pg-11 well result beats expectations Wed, 16 Feb 2011 06:32:00 +0000 Ascent Resources set to complete EnQuest deal as first Slovenian well nears target depth Wed, 02 Feb 2011 07:35:00 +0000 Audio Interview Transcript with Jeremy Eng, Managing Director of Ascent Resources Tue, 11 Jan 2011 13:02:00 +0000 Jeremy Eng MD of Ascent Resources, talks about shallow oil reserves in Italy Tue, 04 Jan 2011 09:04:00 +0000 Ascent Resources: Fox-Davies says Petişovci deal with EnQuest adds value Thu, 23 Dec 2010 11:19:00 +0000 Ascent Resources starts drilling Pg-11 evaluation well in Petişovci field, Slovenia Wed, 22 Dec 2010 06:34:00 +0000 Ascent brokers all share deal with EnQuest to take 75 pct of Petişovci Concession Tue, 21 Dec 2010 10:05:00 +0000 Ascent Resources’ potential is 'clearly being underestimated' - finnCap Thu, 02 Dec 2010 10:40:00 +0000 Ascent Resources sees start of drilling Pg-11 evaluation well in Slovenia mid-December Thu, 02 Dec 2010 07:05:00 +0000 Ascent Resources secures £9.1 mln for near term work programme Fri, 19 Nov 2010 07:21:00 +0000 Slovenia success could transform Ascent Resources 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. 

Tue, 09 Nov 2010 10:21:00 +0000
Ascent sells stake in Hungarian gas field Thu, 04 Nov 2010 06:44:00 +0000 Ascent Resources appoints FD-designate as Simon Cunningham moves to Oz Tue, 02 Nov 2010 08:06:00 +0000 Ascent Resources surges as independent estimate puts Petisovci-Lovaszi tight gas at 412Bcf 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.

Wed, 13 Oct 2010 07:20:00 +0100
Ascent Resources managing director buys shares at 9.5% premium Fri, 01 Oct 2010 07:35:00 +0100 Ascent Resources reports maiden interim profit Thu, 30 Sep 2010 08:05:00 +0100 Ascent receives €3m after completing disposal of Swiss gas assets Wed, 29 Sep 2010 08:43:00 +0100 Ascent to take stake in Central Hungary oil project, shares rise Thu, 23 Sep 2010 07:20:00 +0100 Ascent Resources strengthens board with ex-CEO of Alkane Energy Tue, 14 Sep 2010 07:15:00 +0100 Ascent Resources ups interest in North Sea oil project to 54% Thu, 15 Jul 2010 08:31:00 +0100 Astaire Securities says Ascent's balance sheet is in excellent shape with lots of headroom Mon, 12 Jul 2010 10:24:00 +0100 Ascent Resources ups Petisovci project interest Thu, 01 Jul 2010 08:43:00 +0100 Ascent Resources successfully acidizes PEN-101A to supplement PEN-105 production Mon, 07 Jun 2010 14:27:00 +0100 Ascent Resources Investor Presentation 20th May 2010 Wed, 19 May 2010 23:00:00 +0100 Ascent Resources Investor Presentation 20th May 2010 Wed, 19 May 2010 23:00:00 +0100 Ascent says Slovenia and Hungary to remain focus in 2010, yr-end cash at £4.63 mln Tue, 18 May 2010 07:51:00 +0100 Ascent Resources successfully completes PEN-101 sidetrack well Tue, 11 May 2010 07:35:00 +0100 Ascent Resources retains 100% in Italian exploration permit after JV partner pulls out Wed, 28 Apr 2010 09:25:00 +0100 Ascent Resources agrees Swiss assets sale 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.

Thu, 22 Apr 2010 07:34:00 +0100
Ascent Resources completes Fontana-1 appraisal well with encouraging results Mon, 19 Apr 2010 07:50:00 +0100 Ascent Resources says drilling is underway on PEN-106 in Hungary Thu, 01 Apr 2010 07:34:00 +0100 Ascent Resources’ 3D seismic in Slovenia exceeds expectations, maps 12 new targets with estimated 75bcf gas Thu, 25 Mar 2010 07:56:00 +0000 Ascent Resources starts production from PEN-105 Tue, 23 Mar 2010 12:26:00 +0000 Astaire Securities values Ascent Resources at 14p per share Mon, 15 Mar 2010 11:08:00 +0000 Ascent Resources to commence production to sales from PEN-101 after successful tests Wed, 10 Mar 2010 09:09:00 +0000 Ascent Resources sells Perazzoli Drilling stake for €1.85 mln to free more funds for its own projects Mon, 22 Feb 2010 07:48:00 +0000 Ascent Resources starts PEN-101 drilling at Peneszlek gas project Tue, 09 Feb 2010 12:08:00 +0000 Ascent Resources says Fontana-1 re-drilling imminent, PEN-105 pipeline nears completion Tue, 02 Feb 2010 08:24:00 +0000 Jeremy Eng of Ascent Resources talks about spudding, drilling and production in Hungary, Italy and Slovenia Tue, 05 Jan 2010 09:38:00 +0000 Jeremy Eng, MD of Ascent Resources, talks to Proactiveinvestors Mon, 04 Jan 2010 23:00:00 +0000 Jeremy Eng, MD of Ascent Resources, talks to Proactiveinvestors Mon, 04 Jan 2010 23:00:00 +0000 Ascent Resources to re-drill Fontana-1 oil well at Latina Valley Tue, 22 Dec 2009 07:31:00 +0000 Ascent Resources seeks shareholder approval for £6 million placing for drilling at Petisovci oilfield in Slovenia Mon, 14 Dec 2009 10:22:00 +0000 Ascent Resources terminates San Severina tie-up Tue, 08 Dec 2009 10:33:00 +0000 Ascent secures drilling permits for two wells at Peneszlek, PEN-105 flows at 2.75 mmcf/d Fri, 04 Dec 2009 09:59:00 +0000 Ascent Resources raises £5 million for oil and gas projects in Eastern Europe Fri, 27 Nov 2009 08:10:00 +0000 FD Capital raises Ascent Resources price target to 20p from 11p, maintains ‘buy’ rating Fri, 06 Nov 2009 10:38:00 +0000 Ascent Resources PEN-104 well test results suggest significant gas find Mon, 02 Nov 2009 07:45:00 +0000 Ascent Resources commences drilling of Fontana-1 appraisal well in Frosinone Wed, 28 Oct 2009 07:57:00 +0000 Ascent Resources doubles debt facility, draws funds for European assets Mon, 12 Oct 2009 05:39:00 +0100 Ascent Resources, Leni Gas & Oil unit starts PEN-104AA sidetrack in Hungary Mon, 28 Sep 2009 09:05:00 +0100 FD Capital says ‘encouraged’ by string of successes from Ascent Resources Fri, 18 Sep 2009 09:58:00 +0100 Ascent says GH-1 well in Hungary’s Nyírség permit tested successfully Thu, 17 Sep 2009 11:32:00 +0100 Ascent Resources jumps 30% as testing at PEN-105 well shows higher than expected gas rates, Leni Gas & Oil gains Tue, 15 Sep 2009 07:58:00 +0100 Ascent Resources narrows first half loss, busy period ahead Wed, 09 Sep 2009 08:51:00 +0100 Ascent Resources grants Swiss exploration option to Schuepbach Energy of US Wed, 02 Sep 2009 07:55:00 +0100 Ascent Resources reports positive results from GH-1 well, shares jump Fri, 28 Aug 2009 07:42:00 +0100 Ascent Resources says drilling starts of Görbeháza-1 well in Hungary Tue, 18 Aug 2009 07:38:00 +0100 Ascent Resources says private investor Paul Curtis holds 3.84 pct stake Thu, 13 Aug 2009 15:08:00 +0100 Ascent Resources to start drilling development well at Peneszlek within a week Mon, 10 Aug 2009 08:29:00 +0100 Ascent Resources updates on planned activities for remainder of 2009
Ascent Resources PLC (AIM: AST) updated the market on activities planned for the remainder of 2009 in a statement ahead of its AGM.

Thu, 23 Jul 2009 10:40:00 +0100
Ascent Resources One2One Investor Presentation 16 July 2009 Wed, 15 Jul 2009 23:00:00 +0100 Ascent Resources One2One Investor Presentation 16 July 2009 Wed, 15 Jul 2009 23:00:00 +0100 Ascent joins up with Hungary’s MOL for Lovaszi and Ujfalyu fields Mon, 06 Jul 2009 12:16:00 +0100 Ascent Resources legal director Groom buys 400,000 more shares in company Thu, 25 Jun 2009 14:58:00 +0100 Ascent Resources plans to drill at least 9 wells in near future Fri, 12 Jun 2009 12:58:00 +0100 Ascent Resources secures funding for portfolio development following issue of equity to GEM Mon, 08 Jun 2009 09:05:00 +0100 Ascent Resources to receive 4% interest in Nighthawk Energy’s Jolly Ranch Project Mon, 01 Jun 2009 08:18:00 +0100 Ascent Resources farms out half its holding in Slovenian exploration project to Aspect Thu, 21 May 2009 08:27:00 +0100 Ascent Resources starts drilling Gazzata-1 well in Italy Wed, 20 May 2009 08:02:00 +0100 Ascent Resources secures £5 mln equity financing from GM Global Thu, 14 May 2009 12:50:00 +0100 Ascent Resources on track to start Gazzata-1 drilling in Italy mid-May Thu, 23 Apr 2009 07:27:00 +0100 Ascent expects production within days from new gas well in Nyírség permit, Hungary Mon, 20 Apr 2009 07:35:00 +0100 Ascent Resources begins sidetrack of Hungarian gas well in Penészlek project Mon, 30 Mar 2009 08:12:00 +0100 Ascent Resources gears up for busy drill program Tue, 24 Mar 2009 08:11:00 +0000 FD Capital starts coverage of Ascent Resources with a ‘buy’ rating Fri, 06 Mar 2009 13:27:00 +0000 Ascent Resources to sidetrack PEN-104 gas production well after compressure failure Wed, 21 Jan 2009 11:45:00 +0000 Ascent Resources MD snaps up 1.8 million shares at 2.75 pence Thu, 08 Jan 2009 11:45:00 +0000 Ascent Resources farms down Nyírség Szatmár permit to JKX Oil & Gas Tue, 25 Nov 2008 09:48:00 +0000 Jeremy Eng, Managing Director of Ascent Resources Speaks to Proactive Investors Tue, 11 Nov 2008 08:36:00 +0000 Ascent Resources audio interview Mon, 03 Nov 2008 10:50:00 +0000 Ascent Resources talks to Proactiveinvestors Sun, 02 Nov 2008 23:00:00 +0000 Ascent Resources talks to Proactiveinvestors Sun, 02 Nov 2008 23:00:00 +0000 Ascent Resources starts 3D seismic survey in Hungary Thu, 23 Oct 2008 11:43:00 +0100 Ascent Resources signs oil and gas services agreement with Swiss Investment Fund Thu, 16 Oct 2008 08:45:00 +0100 Ascent Resources keeps focus on exploration and development Tue, 30 Sep 2008 10:30:00 +0100 Ascent Resources confirms plan to drill second appraisal well at Anagni Tue, 09 Sep 2008 06:21:00 +0100 Paul Curtis increases stake in Ascent Resources Thu, 04 Sep 2008 11:41:00 +0100 Ascent Resources - 20 projects for £15 million Wed, 13 Aug 2008 07:18:00 +0100 Ascent Resources announces first gas production in Hungary Tue, 12 Aug 2008 10:58:00 +0100 Ascent Resources updates on activities across its portfolio
Starting in Hungary, where Ascent is building a gas production profile, the company confirmed that sales from the PEN-104 on the Preneszlek Field well was nearing, with final parts of the production facility anticipated to be delivered and installed shortly. 3-D seismic acquisition of the "immediate" area is also planned to evaluate new targets and test the potential of partially depleted wells, including PEN-9, PEN0-12 and the Preneszlek Field. Re-entry and workover of old wells and the drilling of new horizontal wells is also earmarked for the Baicsa Gasfield, where Ascent has a 38.7% interest. Also in Hungary, Ascent confirmed it was looking to farm out or farm down its interests in the Szolnok Project and Nyirseg Project.

Moving on to Slovenia, a new 3-D seismic survey is penned in for the Petisovci Shallow Reservoirs, where Ascent has a 45% interest. Some of the old wells will also be worked over to restart production. The Petisovci Shallow Reservoirs has 2P oil reserves of 10.7 million barrels. Moving on to the Petisovci Globoki Deep Reservoirs (Ascent 15.75% interest), additional 3-D seismic is also on the cards, in addition to further testing of the D-14 well. Drilling at the East Slovenian Exploration Permit (Ascent - 80% interest) is expected in 2009, once a regional exploration study and seismic is completed.
In Switzerland, the most significant milestone came from the Seeland Exploration and Appraisal Permit (Ascent 90%), where seismic reprocessing and geological modelling has been completed, and the Hermrigen-2 appraisal well is now scheduled for 2009.

Ascent's other area of operations are in Italy, and here the company confirmed that the Gazzata-1 well on the Cento-Bastiglia Permits in the Po Valley was expected to spud in the second half of this year. A 2-D seismic acquisition near the Anagni-1 well on the Frosinone Permit is also complete, and is expected to help confirm the location of a second appraisal well. Seismic is also complete on the Ripi Oilfield, in the Strangolagalli Permit while an application has been submitted to extend the company's exploration permit on the Fiume Arrone Permit.

Last but not least, Ascent's 22.5% interest in Perazzoli Drilling appeared to be a sound investment, with a third drilling rig being delivered in the next few weeks.

On the finances front, the oil and gas explorer and producer said it was continually looking at ways to generate cash from farm-out opportunities, and that it had increased a debt facility from €0.5 million to €1.5 million.

Tue, 22 Jul 2008 05:31:00 +0100
Ascent's new projects in Slovenia and Switzerland
Jeremy Eng, Ascent’s MD said:

“As Ascent's primary focus is Central and Eastern Europe, particularly Switzerland, Italy, Slovenia and Hungary, we are currently consolidating and strengthening our presence in these regions. With production in Hungary due to commence and the new Perazzoli rig on line to drill its first (on a third party project) in Italy both in the coming weeks, our operational presence across this region will be further enhanced.”
Wed, 16 Jul 2008 07:35:00 +0100
Ascent Resources begins 2D seismic in Italy

Ascent Managing Director Jeremy Eng said:

"The Anagni-1 results underpin the hydrocarbon potential of the region and represent the first stage of exploration for a new reservoir system in the Frosinone permit area. Seismic recorded at the time of drilling indicate that the well was drilled in a less than optimal subsurface location on the flank of the Anagni structure. However, traces of live oil were recovered both in core samples and during testing, which have provided enough encouragement for further exploration and evaluation of the permit's potential and hence the commencement of this seismic survey."

Mon, 16 Jun 2008 07:11:00 +0100
Ascent Resources says Paul Curtis holds 3.7 percent Fri, 06 Jun 2008 09:56:00 +0100 Ascent slips after plugging TIK-1 well
"The TIK-1 well was drilled to a depth of 2,003m and penetrated 40m of reservoir quality gas saturated sands between 1,918m and 1,967m. Logging and the analysis of wireline samples confirmed the presence of a high percentage of CO2 in the lower Pannonian formations." the Company said.

Ascent Managing Director Jeremy Eng said:

"This is a disappointing result as the gas reservoir discovered by the TIK-1 well was substantially larger than pre-drill estimates. The location of the second well in this programme, the Nko-Ny-1 in the northern part of the Szolnok permit, is away from the deep fault system that is thought to contribute to CO2 migration."

Fri, 25 Apr 2008 03:04:00 +0100
Ascent divests partial interest in two gas projects
Ascent will sell at 7.27% interest in PetroHungaria kft and a 14.54% interest in ZalaGasCo kft for a total consideration of €2 million to fellow AIM oil and gas junior, Leni Gas and Oil (AIM: LGO). Post completion, Ascent will still retain a 45.23% interest in the Peneszlek project and a 38.73% interest in the Bajcsa project.

The Peneszlek gas development project is working towards the tie-in of the PEN-9, PEN-4 and PEN 12 wells. There is also an additional 100 square kilometres of 3-D seismic in the budget.

The Bajcsa gasfield redevelopment project joint venture is anticipating the first two well re-completions to commence as soon as the drilling permits are issued.

Seperately, Ascent also announced that it had modified a previous agreement with Leni Oil & Gas with regards to the farm-in to the Hermrigen gas appraisal project in Switzerland. Leni Oil & Gas now have the option to take a 10% participating interest in Hermrigen and the Seeland Freinisberg Exploration Permit with a extra payment of €2 million.

Jeremy Eng, MD of Ascent, said:

"We are pleased to welcome Leni Gas and Oil as a partner in our Hungarian development projects. We aim rapidly to develop our activities in Hungary and secure cash flow from the production and sale of gas to the local market."

Mon, 14 Apr 2008 09:15:00 +0100
Ascent spuds TIK-1 well in Hungary
The TIK-1 well was spudded on Sunday, with drilling expected to last around five weeks. Target depth is 2,250m, and the well will be testing the Pannonion, Miocene and pre-Miocene formations.

Ascent also confirmed that a 3-D seismic acquisition program over 150 square kilometres had begun. The seismic will be targeting six prospects identified previously with 2-D seismic, and it is also expected to identify additional targets.

Jeremy Eng, MD of Ascent said:

'These works, along with the on-going preparations for the start-up of production at Ascent's PEN-104 gas discovery in eastern Hungary, demonstrates the benefits of a portfolio approach which has the ability to create value through the simultaneous implementation of both exploration and development programmes.'

Mon, 07 Apr 2008 09:54:00 +0100
Ascent Resources – Artemis increases stake ]]> Tue, 04 Mar 2008 02:15:00 +0000 Ascent Resources responds to Swiss press
Ascent has completed all preparatory studies in the area, including geological and geophysical analysis, and said it now wanted to drill the Hermrigen-2 well to a depth of 3,000 metres. Before Ascent can drill, it requires a construction permit and consent of the local council, and the Canton of Bern will have to issue a three year extension to the surface and sub-surface exploration permit. Ascent holds an 80% working interest in the permit and is operator.

Ascent MD, Jeremy Eng said,

"There have only been about 20 hydrocarbon exploration wells drilled on prospective acreage in Switzerland, making it the least explored country in Western Europe, with an average of about 1 well per 1,000 sq km. The Hermrigen-1 discovery well was drilled by Elf Aquitane 26 years ago, and the Hermrigen-2 Appraisal well will be the first well to be drilled in the area since the Finsterwald field was in production in the neighbouring Canton of Lucerne between 1985 and 1994. Through our Swiss partners, SEAG, we are working closely with the local community to ensure that everyone's interests are taken into account and that the gas development potential is fully realised."

Mon, 04 Feb 2008 07:21:00 +0000
Ascent Resources' Broad portfolio strategy brings benefits While the market is disappointed about Anagni, notable progress has been made elsewhere including the farm-out ofthe Cento and Bastiglia exploration permits

Tue, 08 Jan 2008 23:00:00 +0000
Ascent retreats on Agagni-1 well update
Preliminary results from the extended testing at Anagni-1 "are not encouraging with the absence of significant hydrocarbons". Despite the apparent bad news, Ascent's Managing Director Jeremy Eng said that testing would continue until a conclusive result was achieved, as it is possible that the large volumes of drilling fluid lost during the original exploration well may be affecting the results. Additional seismic on the well also discovered that the well was drilled at the flank of the structure, which is not optimal.

Ascent Managing Director Jeremy Eng said,

"Testing of the Anagni-1 well is not complete and lost drilling fluid may yet be masking the production of oil. The benefit of the very low cost of onshore testing operations which do not require the presence of a rig is a distinct advantage in this situation. The results of
this well are very important for hydrocarbon exploration in this region and represent the first stage of the exploration of a new reservoir system in the Frosinone exploration permit area."

Tue, 08 Jan 2008 08:00:00 +0000
Ascent Resources resumes testing at Anagni
Ascent Resources is focused predominately on onshore oil and gas exploration and production in continental Europe. Anagni-1 sits within the Frosinone Exploration Permit in the Latina Valley in Italy.]]>
Fri, 21 Dec 2007 11:22:00 +0000
Ascent farms in with Toreador Resources
The farm-in will see Ascent participate in two exploration wells and acquire 170 square kilometres of 3-D seismic data over the Szolnok exploration permit in Central Hungary. The Szolnok permit covers 2,620 square kilometres, making it one of the biggest permits in the country, and lies on the northern end of the Mako trough which is home to many large commercial gas fields.

Ascent will be joint technical operator on the project, and will pay 36,67% of the cost of two exploration wells and 3-D seismic acquisition in return for a 27.5% interest.

Ascent MD Jeremy Eng commented:

"We see this agreement with Toreador as a great opportunity to benefit from our expertise in Hungary and to increase the value of our portfolio. Alongside the Bajsca field redevelopment in the south west and the Peneszlek development in the eastern Nyirseg region, the Toreador farm-in provides the platform for a third producing area to be established and with success, could open up yet another cashflow stream for
Ascent in 2009."
Wed, 19 Dec 2007 08:59:00 +0000
Ascent Resources secures farm-out in Po Valley
The agreement with Otto Energy, who join Deltana Energy as the second farm-in partner will jointly contribute towards the back costs of seismic data and will pay 100% of the first exploration well costs and 100% of the second exploration well cost if the first well finds commercial amounts of gas.

The first exploration well is scheduled to be drilled in the second half of 2008, targeting the Gazzata prospect which has a estimated recoverable reserve in excess of 100 billion cubic feet of gas.

The agreement is inline with Ascent's strategy of securing quality exploration acreage at an early stage and then progressively bringing in partners as the project advances. Italy's Po Valley is a prolific region for commercial gas discoveries.

Ascent Managing Director Jeremy Eng said, 'The latest phase of exploration in the Po Valley uses state-of-the art techniques in seismic processing, which still further improves the already impressive success rate in gas exploration in the region. The Cento and Bastiglia permits, which are among the largest in the area, have multiple exploration targets as well as established infrastructure
close to hand. This farm-out again confirms the strength of Ascent's strategy and demonstrates the depth of the Company's portfolio of European projects.'
Thu, 06 Dec 2007 07:07:00 +0000
Ascent to fast track Bajcsa Gasfield
While progress was solid in Hungary, Jeremy Eng, Managing Director of Ascent admitted that work on the Anagni-1 discovery in Italy has been "frustratingly slow". Ascent had received a new operating permit from the Italian authorities to complete a plug-back at the bottom of the open-hole section, something the company is keen to do so it can fully test the most prospective interval. 75% of the fluids lost during drilling had now been recovered and work had now been suspended until the arrival of a work over rig - expected on site in December.

Ascent additionally showed the leverage of its 22.5% interest in Perazzoli Drilling. A rig from Perazzoli will drill the Gazzata-1 well on the Cento and Bastiglia permits in the Po Valley.

Ascent Managing Director Jeremy Eng summarised, 'Good progress is being made by Ascent on a number of fronts. Although operations in Anagni-1 are frustratingly slow, the results to date are encouraging, especially the latest information from the cores which appears to show oil down to at least 1,205m and therefore may indicate a substantial oil column. If production can be initiated in our two
Hungarian projects and we drill both the Swiss and the Italian Po Valley wells, then 2008 is shaping up to be a very important year for Ascent.'

Wed, 14 Nov 2007 10:57:00 +0000
Ascent Resources rises on Leni Gas deal
Tue, 13 Nov 2007 08:52:00 +0000
Ascent divests Spain, farms out Switzerland
Ascent will sell its wholly owned subsidiary, Petrolifera de Sedano, to fellow AIM listed company Leni Gas and Oil (AIM: LGO) for €2.25 million and 8 million shares. The agreement is conditional on Leni Gas and Oil gaining approval from its shareholders as the deal constitutes a reverse takeover.

Ascent will still retain its 50% interest in the Rocamundo gas exploration permit.

Meanwhile in Switzerland, Ascent has also "conditionally" agreed to farm-out up to 40% of its 90% intest in the Seeland-Freinisberg Permit to LGO. LGO will have to fund the costs of drilling and testing the first exploration well. Any further expenditure on the licence wil be funded on a working interest basis. If LGO takes up the full 40% interest, it will have first right of refusal to farm-in to Ascent's other two Swiss Projects on the same terms.

"The divestment of Ascent's Spanish oil assets follows both the Company's strategy of preferentially developing its gas projects as well as its belief that these properties are non-core compared to the potential of the other opportunities in Ascent's portfolio. Importantly, it is expected that during 2008, revenues from gas production in Hungary will more than replace the oil sales revenues from the Spanish production." Commented Ascent Managing Director Jeremy Eng. "The Swiss farm out allows us to progress this project and build our confidence in what we believe has the potential to be a major central European gas play. Both of Ascent's exploration permits in Berne have proven gas discoveries and the third party report confirms substantial appraisal and exploration prospects. We look forward to working with LGO in an exploration programme to quantify the Prospective Resources estimates, which in only the first of three permits, stands at between 348 Bcf and 676 Bcf of gas.'
Thu, 25 Oct 2007 03:07:00 +0100
Ascent Resources Tue, 25 Sep 2007 23:00:00 +0100 Ascent Resources Tue, 25 Sep 2007 23:00:00 +0100 Ascent Resources acquires a slice of a drilling contractor
Perazzoli Srl is a privately owned Italian drilling contractor that operates in the oil, gas, and water industry and the acquisition will give Ascent priority access to rigs.

Perazzoli will acquire two rigs - a Corsair 300 drilling rig and a WEI DS-205 for delivery in mid 2008. The Corsair has a drilling capability of over 2,000m and has already been used by the company continuously in Spain and Italy over the past 8 months. The new build Italian WEI rig is a latest generation hydraulic rig, designed for minimum environmental impact, with a drilling capability of over 3,600m. Currently there is a shortage of drilling contractors across Europe.

Ascent's MD Jeremy Eng said:

"We have over 20 projects in our portfolio and the seven wells drilled to date have been on only four of these projects. These first wells were the easier shallow wells all less than 2,000m. The next wells are generally deeper and target more prospective and substantially larger targets. Market conditions, particularly in Italy at the present time, make taking a strategic interest in an Italian drilling company very advantageous to Ascent.”]]>
Wed, 05 Sep 2007 06:53:00 +0100
Ascent Resources Arrone-1 disappoints & Anagni-1 shows promise
Production testing at Anagni-1 has been sustained at a rate of 200 barrels per day and confirms the excellent productivity of the formation. Offset seismic at Anagni-1 reveals significant potential up-dip.

Ascent's MD Jeremy Eng said:

The result of the Arrone well was a disappointment as during drilling all the indications were very good; there was just a lack of good quality reservoir sands. However, at Anagni, all the information that we have so far is encouraging. The results of the offset well seismic confirm that we drilled on the flank of the structure, which gives significant up-dip potential and the sustained 200 barrels per day production rate confirms the excellent productivity of the formation."]]>
Fri, 24 Aug 2007 08:53:00 +0100
Ascent Resources starts drilling at Arrone-1 in Italy
Ascent is the operator with a 56% working interest and plans to drill to a depth of 1,000m. This is expected to take approximately three weeks to complete. Two wells have previously been drilled in the area of the permit - one of which reported gas shows.

Jeremy Eng, Ascent Resources MD, Jeremy Eng: "As highlighted by our recent three announcements including the spudding of the Arrone-1 well, the farm-out in the Po Valley and the on-going test on the Anagni-1 well, Ascent has a diverse spread of projects and a continued high level of exploration drilling activity. Production testing of the Anagni-1 well continues and a further update will be provided by the Company in due course”]]>
Mon, 06 Aug 2007 03:18:00 +0100
Ascent Resources farms out two licences in Po Valley, Italy
Australian outfit Deltana Energy agreed to a 50% farm-in, and the joint venture will see them pay the cost of the first exploration well, and if successful, the cost of a second well. Deltana will also contribute to costs Ascent have accumulated to date on the licences, and will fund the first 1.5 million euros of additional seismic data.

Ascent stated that the first well will target a Pliocene prospect on the western edge of the permits. In the last 60 years over 130 fields have been put into production in the PO Valley, making it one of the most prolific hydrocarbon regions in continental Europe.

"The terms of this farm-in confirm our belief of the exceptional quality of the Cento and Bastiglia exploration acreage. New exploration techniques have improved the chance of success in gas exploration, which in the Po Valley is already better than 1 in 4 over the period since the 1950s." stated Ascent Resources Managing Director Jeremy Eng.

Shares in Ascent slipped 3% to 28.5 pence.

Wed, 01 Aug 2007 00:32:00 +0100
Ascent Resources - Anagni-1 well production test planned
The results of logging and core sampling are encouraging and the company now plans a production test over a 450 metre section of the potential reservoir.

Subject to the necessary approvals, the company plans to test the well with a downhole pump in the coming weeks. The pump will be used to recover mud and water lost while drilling. However, before the test can be started the drilling rig will me moved to the Fiume Arrone exploration permit where the company plans to drill the Arrone-1 gas exploration well.

Ascent's MD Jeremy Eng said:
"The results that we have from this well to date are promising and as we had anticipated, the geological provenance of this area is good. The nearest proven oil is 45km to the south east and everything between that and Anagni-1 is within the Frosinone Exploration Permit, which we believe has the possibility to contain a number of similar structures."
Mon, 16 Jul 2007 06:29:00 +0100
Ascent Resources - logging commenced at Anagni-1 oil discovery
The company said it intends to issue an update early next week, after a preliminary analysis of the logging activity.]]>
Thu, 12 Jul 2007 07:48:00 +0100
Ascent resumes operations on Anagni-1 oil discovery in Italy
The well was originally drilled to a depth of 971m, and data indicated the presence of a carbonate reservoir over 50m from 921m. Ascent, who has an 80% interest in the permit, will now deepen the well to allow for additional testing and a well seismic programme. It is hoped the well seismic will tell the company where to drill an additional appraisal well that is up-dip.

Ascent Resources Managing Director Jeremy Eng said, "From the analysis of the original well data, Pentex and Ascent are already planning the first two appraisal wells to evaluate the size and extent of the Anagni structure. The additional information from the deepened well and the testing operations will be important to this process and it will take at least several weeks to assimilate
all the results."

Thu, 28 Jun 2007 07:30:00 +0100
Finding oil in Italy distracts investors from the bigger picture at Ascent Resources 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.

Wed, 06 Jun 2007 23:00:00 +0100
Ascent Resources recommences drilling in Hungary
Partners in the well are DualEx(37.5%) and Petro Pequnia(2%). Under the farm-out agreement, DualEx will pay 75% and Petro Pequnia 4% of the costs of the first well.

The PEN-102 well is an appraisal well of a gas discovery made in 1983. After drilling PEN-102, Ascent said the rig will move to drill the VAM-1 well which will test exploration prospects in both the Miocene and Pannonian formations in the Vamospercs area.

'The Hungarian operations are an important part of our European gas orientated portfolio. The new wells have the potential to increase reserves as well as to produce gas in the short-term, thereby providing additional cashflow for the Company. These wells are the option wells under our farm-in agreement and PetroHungaria retains a 60.5% working interest." said Ascent's Managing Director Jeremy Eng. "Additionally, the tight gas redevelopment project in the south west of Hungary, in association with MOL, the Hungarian oil and gas company continues to progress. This project also has great potential and consolidates our Company's position in Hungary.'

In a separate press release this morning, Ascent announced that it had completed drilling the Hontomin-4 well in Spain. Analysis of the log data deemed the well un-commercial, and it will be plugged and abandoned. The rig will now return to Italy to continue the evaluation of the Anagni-1 oil discovery Ascent announced in January.

Mon, 30 Apr 2007 07:06:00 +0100
Ascent raises £3.3 million to fast track Anagni-1 oil discovery in Italy
Ascent also announced in a separate press release that drilling had commenced on the Hontonim-4 well, Huermeces licence, in Spain. The Hontomin-4 well is an up dip appraisal well of the Hontomin structure which had three wells drilled on it between 1965 and 1992 which confirmed the presence of oil. It is expected to take four weeks to drill, and once complete, the rig will be mobilized back to the Anagni-1 oil discovery in Italy.

“We have had a high level of success in the development of our portfolio during the last six months having made two discoveries from our on-going drilling campaign. The funds raised will, in the most part, be used to advance the Italian oil discovery made in the Latina Valley earlier this year and the Hungarian gas discovery made at the end of last year.” said Jeremy Eng, Managing Director.]]>
Mon, 19 Mar 2007 08:51:00 +0000
Ascent Resources acquires additional oil and gas prospects in Slovenia
Proven plus probable ('2P') oil reserves in the Petisovci Dolina reservoirs are estimated to be 10.7 million barrels. Gas in place in the deeper Petisovci Globoki is estimated to be 579 Bcf (P50).

MD Jeremy Eng said, 'This project has the potential to provide Ascent with substantial additional reserves. Development infrastructure
is already in place, and so remaining reserves could be developed at highly cost effective levels. Importantly the deferred payment substantially de-risks the project for the Company.'
Mon, 26 Feb 2007 08:04:00 +0000
Proactive Audio Interview Ascent Resources Mon, 29 Jan 2007 23:00:00 +0000 Proactive Audio Interview Ascent Resources Mon, 29 Jan 2007 23:00:00 +0000 Cenkos initiates coverage of Ascent Resources
Anagni-1 encountered oil in open fractures. The well was drilled to a total depth of 971 meters - carbonates and electronic logs confirmed the presence of fractures from 921 meters and a 5 meter core sample taken from the well had oil shows. Ascent will now source additional equipment to deepen the well to 2000 meters to test the extent of the oil reservoir.

Jeremy Eng, Managing Director added, "Finding the top of the oil-prone Carbonates close to our anticipated depth and much shallower than in the nearby Gavignano-1 well was encouraging. Then to drill reservoir quality rocks containing oil is a fine result. We are going to deepen Anagni-1 to quantify this discovery and will proceed as soon as suitable equipment has been sourced."

Cenkos Securities initiated coverage of Ascent with a buy recommendation and valued the company on a risk weighted basis at 29p. Cenkos added that the upside beyond 29p was significant as its risked valuation awarded no value to most of the company's projects including prospects in the Netherlands, Switzerland and Po Valley in Italy.

Ascent also has a drilling rig en-route to Spain to drill the Hontomin-4 appraisal well in the Huermeces Exploration Permit (Ascent 50%).
Mon, 29 Jan 2007 06:45:00 +0000
Ascent sells minority gas stake to Aurelian
Ascent has ambitions to build a mid-tier european energy company with a particular focus on natural gas. After the disposal of the Romanian assets, the company will still have exposure to projects in Italy, Switzerland, Hungary, Spain and offshore Netherlands.

Managing Director Jeremy Eng said: "The increase in the value of Millennium since we acquired it in April prompted the Board to sell this non core asset and invest the proceeds in Ascent's extensive operated portfolio. We are currently drilling our third well in as many months. When the rig has finished in Italy, it will move to Spain to continue drilling. Despite our high level of activity, and with more Hungarian and Italian drilling already planned, Ascent's portfolio includes 15 operated projects that will remain undrilled at the conclusion of this campaign."

Shares in Ascent held steady at 10.75p
Mon, 08 Jan 2007 00:22:00 +0000
Ascent Resources PLC Sun, 01 Oct 2006 23:00:00 +0100 Ascent Resources PLC Sun, 01 Oct 2006 23:00:00 +0100 Jeremy Eng of Ascent Resources talks to Proactiveinvestors Jeremy Eng updates Proactive.

Fri, 11 Aug 2006 23:00:00 +0100
Ascent Resources could see 9 wells drilled in the next 12 months Ambitious plans in a relatively short time frame.

Wed, 31 May 2006 23:00:00 +0100