News for 2008
Gazzata-1 Italian Exploration Well Update
29 December, 2008Ascent has been requested by Otto Energy Limited ('Otto'), its farm-in partners in the Cento-Bastiglia exploration permits in Italy's prolific Po Valley, not to commence the drilling of the Gazzata-1 well before mid-March 2009, subject to rig availability. However in the meantime, Otto is forwarding the funds for long lead-time equipment and drill site construction which will commence in due course. (Read More)
Farms out for 3D Seismic in Hungary
25 November, 2008Ascent has entered into an agreement whereby Hungarian Horizon Energy ('HHE') and JKX Oil & Gas plc ('JKX'), will farm-in for a 66.67% interest in a 120 sq. km area of the western part of the Nyírség Szatmár permits in the Penészlek Exploration Project in Hungary. Under the terms of the agreement signed with Ascent's partners in the project, HHE and JKX will pay for the acquisition and processing of a 3-D seismic survey over the farm-out area. The acquisition of this seismic commenced on Thursday 20th November 2008. (Read More)
Commences 3D Seismic in Hungary
23 October, 2008Ascent has commenced the shooting of a 3D seismic survey in the Penészlek area of the Nyírség permits in Hungary. (Read More)
Appointment of Fox-Davies Capital as Joint Broker
16 October, 2008Ascent has appointed Fox-Davies Capital as its co-broker with immediate effect. (Read More)
Asset Management Agreement
16 October, 2008Ascent has agreed with San Severina Holdings SA ('San Severina'), a Swiss based investment company, to establish an oil and gas asset management joint venture. The joint venture will acquire minority interests and providing investment funding for producing and development or appraisal stage oil and gas projects. Under the terms of the agreement, Ascent will provide management services for these oil and gas properties in return for a carried equity participation in the projects. Ascent's current production and development activities in central and eastern Europe continue unaffected and the investment assets will be primarily outside of these areas of operations. (Read More)
EGM Statement
09 October, 2008Ascent held its Extraordinary General Meeting today and the Special Resolution to adopt new Articles of Association was duly passed. (Read More)
Gazzata-1 Italian Exploration Well Update
02 October, 2008Ascent expects that the drilling of the Gazzata-1 gas exploration well in the Cento-Bastiglia permits of Italy's prolific Po Valley will now start in January 2009. The drilling schedule has been revised at the request of joint venture partner Otto Energy ('Otto') as Otto currently awaits income from first production at the Galoc oilfield in the Philippines. (Read More)
Interim Results
30 September, 2008Ascent Resources plc, the AIM-traded oil and gas exploration company with assets in five countries across Europe, announces its interim results for the six months to 30 June 2008. (Read More)
Directorship Change
24 September, 2008Ascent announces that Patrick Heren has resigned as a non-executive director of the Company with immediate effect. The Board would like to thank Patrick for his contribution to the Company and wishes him well for the future. (Read More)
Notice of EGM
16 September, 2008Ascent announces that it has sent a circular to shareholders convening an Extraordinary General Meeting ("EGM") to adopt amendments to its Articles of Association. (Read More)
Anagni Seismic - Preliminary
09 September, 2008Ascent Managing Director Jeremy Eng said, "These results from the new seismic are encouraging and planning for the drilling of another Anagni appraisal well can now start. Although the work load of the Perazzoli rigs (Ascent 22.5%) remains high, as the permitting process proceeds, we would hope that we will be able to confirm the availability of a drilling unit in the near future." (Read More)
Holding(s) in Company
04 September, 2008Ascent was informed on 1 September 2008 by Paul Curtis, that as at 29 August 2008, Paul Curtis was interested in 12,800,000 ordinary shares of 0.1 pence each in the Company, representing approximately 4.20% of the issued share capital of the Company. (Read More)
Directorate Change
26 August, 2008Ascent has appointed Simon Cunningham to the Board as Executive Finance Director. (Read More)
Stabilised Gas Production in
19 August, 2008Ascent Resources plc, the AIM-traded oil and gas exploration and production company reports that production of gas from the PEN-104 well in the Penészlek area of the Nyírség permits in Hungary, which commenced on 12th August, has reached a stabilised average rate of 88,200 cu.m per day (3.12 MMscfd; 520 boepd). (Read More)
Gas Production Commences in
12 August, 2008Ascent has commenced gas production at the PEN-104 well in the Penészlek area of the Nyírség permits in Hungary. The production rate of the well is currently 48,000 cu.m of gas with a wellhead pressure of 92 bar. The rate will gradually be increased over the next few days to a target of 85,000 cu.m per day (3 MMscfd; 500 boepd). (Read More)
AGM Statement
22 July, 2008Ascent held its Annual General Meeting today and all resolutions were duly passed. (Read More)
Portfolio Update for AGM
22 July, 2008Ascent releases this announcement to coincide with the Company's Annual General Meeting scheduled for today at 10am. An updated Corporate Presentation will also be available on the Company's (Read More)
Slovenia and Switzerland New
16 July, 2008Ascent has signed a Preliminary Agreement (the 'Agreement') for an 80% participation in the exploration of the East Slovenia Exploration Permit to the north of the Petisovci oil and gas field redevelopment project. In addition, it has acquired a 35% beneficial interest in the Concordat Exploration Project ('Concordat') in North Eastern Switzerland. (Read More)
ICM-1 Well Commences
08 July, 2008Ascent notes that Sterling Resources Plc ('Sterling') has reported the commencement of drilling of the Iris Charlie Marin-1 ('ICM-1') well offshore Gabon. Ascent has a 1.75% net profits interest in the Iris Marin Production Sharing Contract Area where the ICM-1 well is being drilled. (Read More)
Notice of AGM
27 June, 2008The Company confirms that its Annual Report for the year ended 31 December 2007 was posted to shareholders on 25 June 2008 and is also available on its website, along with the Company's most recent shareholder presentation, at www.ascentresources.co.uk. (Read More)
Commences Seismic Acquisition
16 June, 2008Ascent is starting a 2-D seismic acquisition programme of approximately 30 km on its Frosinone Exploration Permit in the Latina Valley, onshore Italy. The new seismic acquisition will focus on the area up dip from the Anagni-1 well with an objective of establishing the presence of the key sealing faults. Depending on the results of the seismic interpretation an appraisal well location may be chosen. (Read More)
Replacement: Holding(s) in Co
06 June, 2008Ascent was informed on 4 June 2008 by Paul Curtis, that as at 4 June 2008, Paul Curtis was interested in 11,250,000 ordinary shares of 0.1 pence each in the Company, representing 3.69% of the issued share capital of the Company. (Read More)
Holding(s) in Company
06 June, 2008Holding(s) in Company
29 May, 20081. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: (Read More)
Final Results
28 May, 2008Ascent Resources plc, the AIM-traded oil and gas exploration company with assets in six countries across Europe, announces its preliminary results for the year ended 31 December 2007. (Read More)
Hungarian Exploration Well Up
13 May, 2008Ascent has decided to plug and abandon the Nko-Ny-1 gas exploration well in the Szolnok exploration permit in central Hungary. Ascent has a 27.5% interest in this project. (Read More)
