Spanish Agreement

Ascent Resources PLC
23 September 2005

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



23rd September 2005



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


                   'To Acquire Exploration Interest in Spain'


Ascent Resources plc, the AIM quoted oil and gas exploration and production
company, has entered into an agreement to acquire a 50% interest in the
Huermeces, Valderredible and Basconcillos-H exploration permits covering a total
of 556 square kilometres in the Sedano basin in Spain, from a subsidiary of
Northern Petroleum Plc for a 2.5% over-riding royalty derived from any future
production.  Tethys Oil AB of Sweden holds the other 50% interest.


The Sedano basin is an established oil and gas producing area where the
Ayoluengo Field has already produced some 17 million barrels of oil.  The
exploration permits, which surround the field, contain two discoveries. An
appraisal programme with the drilling of two wells is the first priority.  These
wells will appraise the Hontomin 2 discovery well drilled by Chevron in 1968,
which produced oil during testing and the Tozo 1 discovery, drilled by Chevron
in 1965, which flowed several hundred barrels over a five month period.  The
Tozo 1 well also contained an un-tested gas sand.



                                  * * ENDS * *



Issued on behalf of Ascent Resources plc by St Brides Media & Finance Ltd, 46
Bedford Row, London, WC1R 4LR.

Contacts:

Jeremy Eng              Ascent  Resources plc                Tel: [phone]

Hugo de Salis           St Brides Media & Finance Ltd        Tel: [phone]



Notes:



Ascent Resources plc is an AIM quoted oil and gas company with a primary focus
in Europe. Since being founded in November 2004, Ascent has assembled a
portfolio of exploration assets that include majority interests in eight
exploration permits.  Applications for a further two are in progress.  Ascent
considers the full spectrum of projects covering exploration, early stage
development and production. The Company has an experienced technical team with
strong industry contacts and a proven track record. They have implemented a
structured two phase development strategy: Phase 1 is to develop the core of
European projects; while Phase 2 is to acquire a lesser number of larger scale
projects across a wider geographical range. The Company now has a 90% interests
in projects in Hungary (gas), Switzerland (gas & oil), and Holland (gas), a 100%
interest in an Italian gas exploration project and a 70% interest in Italian oil
exploration as well as the royalty and working interests in Gabon.  The balance
of oil and gas assets and the geographical spread of projects mainly in net
energy importing countries are designed to mitigate the risk in commodity price
fluctuation and changes in global energy politics.


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