Acquisition

Ascent Resources PLC
04 November 2005

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


4 November 2005

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

         Secures further production through acquisition of Teredo Oils


Ascent Resources plc, the AIM traded oil and gas exploration and production
company, has acquired the entire share capital of Teredo Oils Ltd ('Teredo'),
for a consideration of 1,500,000 new ordinary shares and cash. Teredo holds a
52.5% interest in the producing Ayoluengo oil field in Northern Spain, 22.5% of
which is held through its wholly owned subsidiary Windsor Petroleum. This
acquisition gives Ascent a total interest of 63.75% in the Ayoluengo field,
which is currently producing c. 110 barrels of oil per day.

The Ayoluengo field, which has already produced some 17 million barrels of oil,
is in the Sedano basin where Ascent has recently acquired a 50% interest in the
Huermeces, Valderredible and Basconcillos-H exploration permits covering a total
of 556 square kilometres.

Ascent's Managing Director Jeremy Eng commented:  'This is a major step forward
in our Company's development, as this acquisition of production provides us with
cash flow to contribute to the running of the Company and the development of its
portfolio.  As to the Ayoluengo field, we believe that with some investment, the
production rates can be increased and reservoir engineering studies will
commence shortly with the aim of achieving this objective.

'We are committed to an active work programme on our European portfolio. We are
also actively seeking further opportunities that can add value to the Company
and help us achieve our objective of becoming a mid-tier oil and gas exploration
and production company.'


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Contacts:

Jeremy Eng                  Ascent Resources Plc              Tel: [phone]

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



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