Corporate Update

RNS Number : 6910V

Ascent Resources PLC

15 July 2009

 



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

15 July 2009

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

Corporate Update

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that a corporate update will be made available to view or download from the Company's website, www.ascentresources.co.uk from 10.00am today.  

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

Jeremy Eng	Ascent Resources plc	Tel: [phone]
Hugo de Salis Chris Welsh	St Brides Media & Finance Ltd St Brides Media & Finance Ltd	Tel: [phone] Tel: [phone]
Max Hartley	Cenkos Securities plc	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 focused 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.  Ascent also has an oil and gas asset management joint venture with San Severina Holdings SA, a Swiss based investment company, which is focused on acquiring minority interests and providing investment funding for producing and appraisal or development stage oil and gas projects.

 

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