Ascent Resources PLC
21 December 2007
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
Ascent Resources plc ('Ascent' or 'the Company')
Clarification of Tiger Resources Investment
Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, announces that following press speculation to the contrary, Tiger
Resource Finance Plc has increased it's shareholding in the Company following
the exercise of warrants.
On 17 December 2007 notification was received from Tiger Resource Finance Plc
that on 14 December 2007 Tiger Resource Finance plc had a total holding of
24,642,857 ordinary shares of 0.1p each in the Company, which represents 8.17
per cent. of the Company's issued ordinary share capital. This figure was an
increase on its holding following the exercising of 549,541 warrants at a price
of 12 pence per share.
* * ENDS * *
For further information visit www.ascentresources.co.uk or contact:
Jeremy Eng Ascent Resources plc Tel: 020 7251 4905
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477
Max Hartley Cenkos Securities plc Tel: 020 7397 8924
Notes
Ascent Resources plc has a diversified portfolio of over 20 hydrocarbon
exploration and development projects across six countries in Europe: Italy,
Switzerland, Hungary, Spain, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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