Issue of Equity

Ascent Resources PLC
19 November 2004

                              Ascent Resources plc



                                Issue of equity



Ascent Resources plc has issued 1,000,000 new ordinary shares at a price of 5p
per share to raise £50,000 of new capital for the Company. It is expected that
the new ordinary shares will be admitted to trading on AIM on 25 November 2004.



19 November, 2004


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