Directors' Dealing

RNS Number : 1811D

Ascent Resources PLC

18 March 2011

 



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

18 March 2011

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

Directors' Dealing

Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that it was notified on 17 March 2011 of the following share purchases by Directors:

On 17 March 2011, Jeremy Eng, Managing Director, purchased 473,518 ordinary shares at 5.25p per share.  Mr Eng is now interested in a total of 5,981,890 ordinary shares representing 0.87% of the Company's existing issued share capital.

On 17 March 2011, Scott Richardson Brown, Finance Director, purchased 200,000 ordinary shares at 5p per share and is now interested in 200,000 ordinary shares representing 0.03% of the Company's existing issued share capital.

 For further information visit www.ascentresources.co.ukor contact:

Ascent  Resources plc Jeremy Eng Scott Richardson Brown	Tel: [phone]
finnCap Limited (Nomad and Broker) Sarah Wharry Simon Starr	Tel: [phone]
St Brides Media & Finance Ltd Hugo de Salis Felicity Edwards	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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