AGM Statement

Ascent Resources PLC
19 January 2006

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



19th January 2006

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

                                 AGM Statement



Ascent Resources plc, the AIM listed oil and gas exploration and production
company, held its Annual General Meeting yesterday and all resolutions were duly
passed.



At the meeting, the Company's newly appointed Non Executive Chairman, John Kenny
said:



'I am delighted to be here - my first public duty since I became Chairman of
Ascent on 1 January.  2005 was a busy year for the Company as it assembled a
portfolio of both production and exploration oil and gas assets focussed
primarily in Europe.  Our current emphasis is on consolidating these projects
which includes increasing production at our Spanish oil field and the drilling
of up to six holes, with the intention of capitalising particularly on the gas
potential of our properties. Additionally we continue to look for opportunities
in various European countries to build our portfolio and in line with this we
are evaluating a number of new proposals that have the potential to fit our
evaluation criteria.  With a strong balance sheet, loyal institutional support,
a knowledgeable team with considerable exploration, production and commercial
experience, and a diverse portfolio, we remain excited about the Company's
future.'



Additionally at a Board Meeting following the AGM, the Directors resolved to
change the accounting reference date of the Company from 30 June to 31 December.



                                  * * 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 oil and gas
exploration and production assets across Europe since March 2004.  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 and stable European gas market, the Company's portfolio is
balanced in favour of gas over oil.  Over the next twelve months, six
exploration wells are planned: two in Spain, two or three in Italy and 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 highly experienced directors who are specialists in the oil
and gas business and each of whom have expertise and experience in
commercialising hydrocarbon, but particularly gas, assets.


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