Acquisition

Ascent Resources PLC
06 April 2005



                              Ascent Resources plc

               Two Further European Exploration Joint Ventures

Ascent Resources plc (Ascent) has entered into agreements for the acquisition of
90% interests in two exploration joint ventures. The activities of the joint
ventures are in the Netherlands and the in the Molasse Basin of western
Switzerland.


The Dutch Joint Venture is with GTO and targets unappraised gas discoveries and
exploration both onshore and offshore.  GTO is an exploration company that has
successfully farmed out the four blocks it was awarded in the UKCS 21st
Licensing Round to a consortium of three major UK independent oil companies.
GTO and Ascent are to agree work programmes and budgets which for the first year
are estimated to be £50,000.  Ascent will fund 100% of the costs for its 90%
interest.  Additionally bonuses to GTO payable in new Ascent Ordinary Shares
will be made according to the following milestones:


          Issue of exploration license            £50,000
          Issue of production licenses            £100,000
          Commencement of production              £300,000



The shares will be issued at a price equal to the average of the closing share
price for the six months prior to achievement of the relevant milestone.


The Swiss Joint Venture with SEAG (Swiss Petroleum) targets three areas in the
western part of the Molasse Basin.  The first contains an unappraised oil
discovery made by BEB (ExxonMobil & Shell) in 1962 and the second and third each
contains an unappraised gas discovery made by Elf Acquitane in 1972 and 1982.
The first year's work programme includes seismic reprocessing and associated
geological studies.  Ascent will fund 100% of the costs through the drilling of
the first exploration well for its 90% interest.


Along with its Hungarian project, Ascent now has three European joint ventures
in which it has 90% participation in each.  Ascent also has its Gabon interests
where the first well is now scheduled to be drilled in July of this year.


The acquisition of the Swiss Joint Venture was made through the purchase of
Borona Holdings Limited, a company owned by Jeremy Eng.  The company's sole
asset is its interest in the Swiss Joint Venture and the consideration is 2
million ordinary Ascent shares. On the basis of the mid-market price at the
close of business on 4 April 2005 of 5.25p, Borona Holdings Limited is valued at
£105,000. As a consequence of this acquisition, Jeremy Eng is interested in
2,000,000 Ordinary Shares of the Company, representing 1.3 per cent. of the
issued share capital of the Company.


The acquisition is a further step in Ascent's building of a portfolio of
majority owned European oil and gas projects.


Contact:

Jeremy Eng
Managing Director
Telephone:   [phone]
Facsimile:     [phone]
E-mail: [e-mail]


David Steinepreis
Chairman
Telephone:   [phone]
E-mail: [e-mail]






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