Appointment of Fox-Davies Cap

RNS Number : 0114G

Ascent Resources PLC

16 October 2008

 



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

16 October 2008

Ascent Resources plc (AIM: AST)

('Ascent' or 'the Company')

Appointment of Fox-Davies Capital as Co-broker

Ascent Resources plc, the AIM-traded oil and gas production and exploration company, has appointed Fox-Davies Capital as its co-broker with immediate effect.

Cenkos Securities continues to act as broker and nominated adviser for Ascent.

Fox-Davies Capital is a Member of the London Stock Exchange and specialises in providing Corporate Finance advisory, broking and capital raising services to international resource companies.  

Ascent Managing Director Jeremy Eng said, 'We are pleased to appoint Fox-Davies Capital as co-broker to Ascent.  Fox-Davies' specialist skills in the oil & gas sector and its wide-ranging relationships with resource investors in the UK and internationally, makes it an ideal addition to our advisory team.'

***ENDS ***

Further information is available on Fox Davies Capital's website at: www.fdcap.com

For further information visit www.ascentresources.co.uk or contact:

Jeremy Eng	Ascent Resources plc	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Victoria Thomas	St Brides Media & Finance Ltd	Tel: [phone]
Max Hartley	Cenkos Securities plc	Tel: [phone]
Richard Hail	Fox-Davies Capital Limited	Tel: [phone]

Notes:

Ascent Resources plc has a diversified portfolio of some 20 hydrocarbon exploration and development projects across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore.

 

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