Holding(s) in Company

RNS Number : 7077E

Ascent Resources PLC

11 April 2011

 



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

11 April 2011

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

Holding in Company

The Company was notified on 8 April 2011 that, on 23 March and 7 April 2011, EnQuest PLC ('EnQuest') acquired respectively 3,289,440 and 6,710,560 ordinary shares of 5 pence each in the share capital of the Company ('Ordinary Shares').  This increases EnQuest's total holding to 160,903,958 Ordinary Shares, representing 15.69% of the issued share capital of the Company.

**ENDS**

For further information, please contact:

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Scott Richardson Brown
Sarah Wharry	finnCap Ltd (NOMAD & Broker)	Tel: [phone]
Ben Thompson Simon Star	Corporate Broking
Hugo de Salis Felicity Edwards	St Brides Media & Finance Ltd	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.

 

END

 

 

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