Director Dealing

RNS Number : 5682R

Ascent Resources PLC

04 November 2011

 



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

4 November 2011

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

Director Dealing

Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that Jeremy Eng, Managing Director, has transferred 1,000,000 ordinary shares of 0.1p each in the Company ('Shares') into his Self Invested Personal Pension ('SIPP').  This transfer was effected by the sale on 4 November 2011 of 1,000,000 Shares by Jeremy Eng at a price of 2.65p a Share and by the purchase on 4 November 2011 of 1,000,000 Shares by Jeremy's SIPP at a price of 2.70p.  This does not change Jeremy Eng's beneficial ownership of 5,981,890 Shares, representing 0.87 per cent. of the issued share capital of the Company.

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

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Scott Richardson Brown
Sarah Wharry	finnCap Ltd (NOMAD & Broker)	Tel: [phone]
Ben Thompson
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands.  Its 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 would be offshore.

 

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