Directors Dealing

RNS Number : 6616T

Ascent Resources PLC

01 October 2010

 



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

1 October 2010

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

Director's dealing

Managing Director Jeremy Eng has purchased 699,815 ordinary shares of 0.1p each in the Company at a price of 4.38p per share. Following this purchase, Mr Eng is interested in 5,508,372 ordinary shares in the Company, representing 1.07 per cent. of the issued share capital of the Company.

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

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Simon Cunningham	Ascent  Resources plc	Tel: [phone]
Sarah Wharry	finnCap Ltd	Tel: [phone]
Henrik Persson	finnCap Ltd	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]

Ascent Resources plc has a diversified portfolio of interests in 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 would be offshore.

 

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