Acquisition

Ascent Resources PLC
06 April 2006

      Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

6 April 2006

                Ascent Resources plc ('Ascent' or 'the Company')



                        Acquires Romanian Gas Interests



Ascent Resources plc, the AIM quoted oil and gas exploration and production
company, is acquiring Millennium International Resource Company ('MIRC'), a
British Virgin Island registered company, in a cash and shares deal.  MIRC holds
a 5% interest in Brodina, Cuejdiu and Bacau exploration blocks, covering 3,800
km(2) of the Carpathian Thrust Belt in the north eastern part of Romania, which
is one of the country's main oil and gas producing areas.



On the Brodina block, in the Bilca Development Area, three gas discoveries have
been drilled in the last two years and first gas production is currently
expected at the end of July 2006. Additionally, an active exploration programme
is underway in all three blocks, including new seismic work, and it is
anticipated that four exploration wells will be drilled at the end of 2006.



The operator for the three blocks is UK based Aurelian Oil & Gas Limited, which
holds a 28.75% interest in Brodina and Cuejdiu and a 47.5% interest in Bacau.
AIM listed Europa Oil and Gas Plc holds 28.75% in the Brodina and Cuejdiu blocks
and 47.5% in Bacau, while the Romanian state gas company, Romgaz SA, holds a
37.5% stake in the Brodina and Cuejdiu blocks.



Ascent Managing Director Jeremy Eng said: 'This acquisition gives us an entry
into a country that has excellent oil and gas potential. Within a few months it
will provide us with gas revenue additional to the cash flow being received from
the Ayoluengo oil field in Spain.'



In addition to the consideration of cash and 678,906 New Ordinary Shares, Ascent
will pay a 1% net revenue interest on the Bilca Development Area.  Application
has been made for the admission of the New Ordinary Shares to trading on the AIM
market and dealings in the New Ordinary Shares are expected to commence on 10
April 2006.



The Company will issue an operations update of at the end of April, which will
include reports on its activities in Spain, Italy, Hungary and Switzerland.



                                  * * ENDS * *



Contacts:

Jeremy Eng           Ascent  Resources plc           Tel: [phone]

Hugo de Salis        St Brides Media & Finance Ltd   Tel: [phone]





Notes

Ascent Resources plc has assembled an extensive portfolio of 20 oil and gas
exploration and production assets across Europe since March 2005.  These assets
include oil production from the Ayoluengo Field of northern Spain along with
nearby oil and gas exploration, oil and gas exploration in Switzerland and
Italy, gas exploration and tight gas reservoir re-development in Hungary, as
well as an exploration application offshore Holland and minor assets in Gabon.



With the strong European gas market, the Company's portfolio is balanced in
favour of gas over oil.  Over the next 12 months, six exploration wells are
planned: two in Spain, two or three in Italy and one or two in Hungary.
Permitting of these wells has commenced.



In parallel with acquiring the oil and gas assets, the Company has appointed to
the Board a team of experienced directors who are specialists in the European
oil and gas business and each of whom have expertise and experience in
commercialising oil and gas assets.




                      This information is provided by RNS
            The company news service from the London Stock Exchange