Appointment of Broker and Nom

RNS Number : 3066C

Ascent Resources PLC

11 November 2009

 

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

11 November 2009

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

Appointment of Broker and Nominated Adviser

Ascent Resources plc, the AIM-traded oil and gas production and exploration company, has appointed Astaire Securities plc ('Astaire') as its broker and nominated adviser with immediate effect.

Ascent Managing Director Jeremy Eng said, "We are pleased to appoint Astaire as broker and nominated adviser to the Company.  Its specialist skills in the oil and gas sector, together with its wide-ranging relationships with resource investors in the UK and internationally, make it an ideal addition to our advisory team."

Fox-Davies Capital continues to act as co-broker for Ascent.

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

Jeremy Eng	Ascent    Resources plc	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Lindsay Mair	Astaire Securities plc	Tel: [phone]
Jerry Keen	Astaire Securities plc	Tel: [phone]
Toby Gibbs	Astaire Securities plc	Tel: [phone]

Notes

Ascent Resources plc has a diversified portfolio of 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 are offshore.  Ascent also has an oil and gas asset management joint venture with San Severina Holdings SA, a Swiss based investment company, which is focused on acquiring minority interests and providing investment funding for producing and development or appraisal stage oil and gas projects.

 

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