Joint Broker Appointment

Ascent Resources PLC 09 June 2006 Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas 9th June 2006 Ascent Resources plc ('Ascent' or 'the Company') Appointment of Joint Broker Ascent Resources plc, the AIM listed oil and gas exploration and production company, has appointed Hichens, Harrison & Co. plc as joint-broker to the Company with immediate effect. * * ENDS * * Contacts Jeremy Eng Ascent Resources plc Tel: 020 7251 4905 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes Ascent Resources has an extensive portfolio of over 20 oil and gas projects across six countries in Europe. These include an 88% interest and operatorship of the only onshore Spanish oilfield which produces over 100 barrels of oil per day. Ascent's other projects are in Italy, the fourth biggest European hydrocarbon's producer, Switzerland, Hungary and Romania, as well as applications offshore Holland and minor assets in Gabon. Starting late this summer Ascent will drill six exploration wells, two each in Hungary, Spain and Italy. High impact gas exploration wells in the Po Valley in Italy and in Switzerland are planned for 2007. The Company will also participate in up to four non-operated exploration wells in Romania. With the strong and stable European gas market, the Company's portfolio is balanced in favour of gas over oil, and with the exception of Holland, projects are located onshore where operating and development costs are very much less than they are offshore. In parallel with acquiring the oil and gas assets, the Company has appointed to the Board a team of experienced directors who are specialists in the European energy business and each of whom has expertise and experience in commercialising energy assets. This information is provided by RNS The company news service from the London Stock Exchange SIAIIR
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