Result of General Meeting

RNS Number : 4097E

Ascent Resources PLC

06 April 2011

 



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

6 April 2011

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

Result of General Meeting

Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that all resolutions put to shareholders at the general meeting today were duly passed.

As a result, the 240,000,000 Placing Shares have been allotted and will be admitted to trading on AIM at 8 a.m. on 7 April 2011.

Following the issue of the 240,000,000 Placing Shares the total voting rights in the Company will be 1,025,509,722.

Additionally, the Company is expecting to commence the second phase of the drilling of the Pg-11A well at the Petišovci Project in Slovenia, where the Company has a 75% interest, this weekend.

**ENDS**

 For further information visit www.ascentresources.co.ukor contact: 

Ascent  Resources plc Jeremy Eng Scott Richardson Brown	Tel: [phone]
finnCap Limited (Nomad and Broker) Sarah Wharry Simon Starr	Tel: [phone]
St Brides Media & Finance Ltd Hugo de Salis Felicity Edwards	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 the 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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