News for 2009
2008, 2009, 2010
Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), is planning to re-drill the Fontana-1 well in January 2010. The original well, designed to collect cores and appraise the shallow part of the Anagni structure in the Frosinone Exploration permit in the Latina Valley, has experienced mechanical problems after reaching the target depth. (Read More)
The following amends the Operations Update announcement released yesterday under RNS number 0492E at 9.30am. (Read More)
Ascent held an Extraordinary General Meeting today and all resolutions were duly passed. A copy of the presentation given at the meeting will shortly be available on the Company's website, www.ascentresources.co.uk. (Read More)
Ascent provides an operations update ahead of this afternoon's Extraordinary General Meeting to approve the proposed placing to raise £6 million. (Read More)
Ascent announces the termination of the Asset Management Agreement with San Severina Holdings SA ('San Severina'), a Swiss based investment company. (Read More)
Ascent announces an update on the activities of its Hungarian subsidiary PetroHungaria Kft. (Read More)
Ascent has conditionally raised £6 million (before expenses) by way of a placing by Astaire Securities plc ('Astaire') of 120,000,000 new ordinary shares of 0.1 pence each in the capital of the Company ('the Placing Shares'), with new and existing shareholders at a price of 5 pence per Placing Share ('the Placing Price') ('the Placing'). The funds raised will be used to accelerate the development of the Company's balanced portfolio of European oil and gas production and exploration projects. (Read More)
Ascent has appointed Astaire Securities plc ('Astaire') as its broker and nominated adviser with immediate effect. (Read More)
Ascent has granted Finance Director Simon Cunningham, on the first anniversary of his engagement, 1,000,000 options to subscribe for new ordinary shares of 0.1 pence each in the Company at 7.625p per share. The options to acquire new ordinary shares in the Company are exercisable from 1 October 2010 until 1 October 2014. (Read More)
Ascent through its Hungarian subsidiary PetroHungaria Kft, has completed the drilling of the PEN-104 sidetracked gas well in the Nyírség permits of Eastern Hungary. This well, drilled into the Miocene reservoir formation at the depth anticipated from the interpretation of the seismic data, is the second sidetrack well and the logs indicate the presence of a substantial gas reservoir. (Read More)
Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), has commenced the drilling of the Fontana-1 well which is designed to appraise the shallow part of the Anagni structure in the Frosinone Exploration permit in the Latina Valley. (Read More)
Ascent was informed on 16 October 2009 by Barclays plc, that as at 15 October 2009, Barclays plc was interested in 33,286,296 ordinary shares of 0.1 pence each in the Company, representing approximately 8.76% of the issued share capital of the Company. (Read More)
Ascent further to its announcement of 14 May 2009, has issued 20,000,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw-down on the equity line of credit provided by GEM. The price of the subscription is 7.19 pence per Ordinary Share, a discount of 9% to the average closing price of Ascent shares over the past 15 trading days. (Read More)
Ascent through its 45.23% owned subsidiary PetroHungaria Kft ('PetroHungaria'), announces the commencement of a further sidetrack of the PEN-104 well ('PEN-104AA'), to test a substantial Miocene volcani-clastic (tuffaceous) prospect in the Penészlek field in the Nyírség permits of north eastern Hungary. The target for the sidetrack, identified on the 3D seismic that was acquired last year, will be drilled from the existing PEN-104A wellbore on essentially the same trajectory to a depth anticipated to be equivalent to a vertical depth of approximately 1,360 metres. (Read More)
Ascent announces the successful completion and testing of the Görbeháza-1 well ('GH-1') located in the western part of the Nyírség Szatmár permits in Hungary, known as the Panhandle. The first of two gas zones targeted for completion has achieved a gas flowrate of 3.74 MMscfd (106,000 Mm3/d). (Read More)
Ascent through its Hungarian subsidiary PetroHungaria Kft, has completed the testing of the PEN-105 gas well in the Nyírség permits of Eastern Hungary. The gas rates achieved and the reserves associated with this appraisal well were substantially higher than pre-drill estimates. (Read More)
Ascent Resources plc ('Ascent', 'the Company' or 'the Group'), the AIM traded oil and gas exploration and production company announces its unaudited interim results for the six months ended 30 June 2009. (Read More)
Ascent has signed an agreement with Schuepbach Energy LLC ('Schuepbach') of Dallas, Texas, for an option to participate in the exploration of the Jurassic shales in Ascent's exploration and appraisal project in the Canton of Vaud in Switzerland. The option is exercisable in the event that Schuepbach drills a well to evaluate the potential for gas production from the shales. (Read More)
Ascent announces that drilling operations at the Company's Görbeháza-1 well ("GH-1") in the Panhandle region of the Nyírség North Permit in northeast Hungary have concluded and that 7" casing has been run in advance of production testing operations. (Read More)
Ascent was informed on 20 August 2009 by RAB Capital plc acting as a discretionary manager of RAB Energy Fund Limited ("RAB"), that on 19 August 2009 RAB held a total of 14,033,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 3.90% of the Company's issued ordinary share capital. (Read More)
Ascent announces the commencement of the drilling at 5pm CET yesterday of the Görbeháza-1 well, located in the western part of the Nyírség Szatmár permits in Hungary, known as the Panhandle. The drilling, expected to take about ten days, will evaluate a primary gas target estimated to be at a depth of 1,200 metres. (Read More)
Ascent was informed on 14 August 2009 by Barclays plc, that as at 13 August 2009, Barclays plc was interested in 29,379,654 ordinary shares of 0.1 pence each in the Company, representing approximately 8.16% of the issued share capital of the Company. (Read More)
Ascent was informed on 14 August 2009 by Paul Curtis, that as at 13 August 2009, Paul Curtis no longer had a notifiable interest in ordinary shares of 0.1 pence each in the Company. (Read More)
Ascent was informed on 13 August 2009 by Paul Curtis, that as at 12 August 2009, Paul Curtis was interested in 13,825,000 ordinary shares of 0.1 pence each in the Company, representing 3.84% of the issued share capital of the Company. (Read More)
Ascent advises that mobilisation of the rig that will drill the PEN-105 well in the Penészlek area of the Nyírség permits in Hungary has commenced. It is expected that drilling will begin over the next week and that it will take approximately three weeks to evaluate the primary target, a gas prospect that is estimated to be at a depth of 1,500m. (Read More)
Ascent further to its announcement of 14 May 2009, has issued 38,000,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw-down on the equity line of credit provided by GEM. The price of the subscription is 3.54 pence per Ordinary Share, a discount of 9% to the average Ascent closing price over the past 15 trading days. (Read More)
Ascent held its Annual General Meeting today and all resolutions were duly passed. (Read More)
Ascent is pleased to provide an update on its current strategy and portfolio ahead of its Annual General Meeting, which will be held at 11am today. A PDF version of the Company's latest corporate presentation is available to view or download at www.ascentresources.co.uk. (Read More)
Ascent was informed on 13 July 2009 by Barclays plc, that as at 10 July 2009, Barclays plc was interested in 23,100,694 ordinary shares of 0.1 pence each in the Company, representing approximately 7.17% of the issued share capital of the Company. (Read More)
Ascent announces that a corporate update will be made available to view or download from the Company's website, www.ascentresources.co.uk from 10.00am today. (Read More)
This announcement is in regard to Ascent Resources plc and not Irvine Energy plc as previously stated. (Read More)
Ascent was informed on 2 July 2009 by Paul Curtis, that as at 1 July 2009, Paul Curtis was interested in 14,825,000 ordinary shares of 0.1 pence each in the Company, representing 4.60% of the issued share capital of the Company. (Read More)
Ascent confirms that its Annual Report for the year ended 31 December 2008 was posted to shareholders on 26 June 2008 and is also available on its website at www.ascentresources.co.uk. (Read More)
Ascent announces that Malcolm Groom, Legal Director of Ascent, has purchased 400,000 ordinary shares of 0.1p each in the Company at a price of 3.30p per share. Following this purchase, Mr Groom is interested in 1,997,705 ordinary shares in the Company, representing 0.62 per cent. of the issued share capital of the Company. (Read More)
Ascent notes the announcement issued by Nighthawk Energy plc ('Nighthawk') regarding the termination of the Purchase, Sale and Option Agreement between San Severina Holdings SA ('San Severina'), Running Foxes Petroleum Inc. and Nighthawk Production LLC ('the Agreement'), in respect of the sale of a minority interest by Nighthawk in the Jolly Ranch Project ('the Project'). (Read More)
Ascent through its wholly owned subsidiary Ascent Resources Italia srl, is preparing to plug and abandon the Gazzata-1 well in Italy's Po Valley. (Read More)
Ascent Resources plc, the AIM-traded oil and gas production and exploration company with assets in five countries across Europe, announces its Final results for the year ended 31 December 2008. (Read More)
Ascent was informed on 8 June 2009 by Barclays plc, that as at 5 June 2009, Barclays plc was interested in 18,540,924 ordinary shares of 0.1 pence each in the Company, representing approximately 6.08% of the issued share capital of the Company. (Read More)
Ascent has, further to the announcement of 14 May 2009, issued 17,350,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw down on the equity line of credit provided by GEM. The price of the subscription is 7.4 pence per Ordinary Share, being a discount of 9% to the average closing price over the past 15 trading days. (Read More)
Ascent was informed on 1 June 2009 by RAB Capital plc acting as a discretionary manager of RAB Energy Fund Limited ("RAB"), that on 20 May 2009 RAB held a total of 22,833,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 7.49% of the Company's issued ordinary share capital. (Read More)
Ascent through its asset management business with San Severina Holdings SA ('San Severina'), the Swiss based investment company, is to be assigned an interest in the Jolly Ranch Project ('the Project'), an oil and gas development in Colorado in the United States of America. San Severina has agreed to purchase a 20% interest in the Project and will transfer 20% of this interest (a 4% interest in the Project) to Ascent on completion, which is expected to occur during June 2009. The other partners in the Project are the operator, Running Foxes Petroleum Inc ('Running Foxes'), and Nighthawk Production LLC, a wholly owned subsidiary of Nighthawk Energy plc ('Nighthawk'), each of whom will retain a 40% interest. (Read More)
Ascent was informed on 21 May 2009 by RAB Energy Fund Limited ("RAB Energy"), that on 20 May 2009 RAB Energy held a total of 17,208,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 5.65% of the Company's issued ordinary share capital. (Read More)
Ascent was informed on 21 May 2009 by Credit Suisse Client Nominees (UK) Limited ("Credit Suisse"), that as at 20 May 2009, Credit Suisse was interested in 17,208,439 ordinary shares of 0.1 pence each in the Company, representing approximately 5.65% of the issued share capital of the Company. (Read More)
Ascent through its wholly owned subsidiary Nemmoco Slovenia Corporation ('NSC'), has farmed out one half of its 80% participation in the Eastern Slovenian Exploration Project to Aspect Energy International ('AEI'), a subsidiary of Denver based Aspect Holdings LLC ('Aspect'). The Eastern Slovenian Exploration Project is situated on the eastern edge of the Pannonian Basin, covering 864 square kilometres of the 2,473 square kilometre Pomurje Regional Exploration Area, adjacent to the Hungarian and Croatian borders. The exploration licence is held by Nafta Geoterm d.o.o., a subsidiary of state-owned energy and petrochemicals conglomerate Nafta Lendava d.o.o., which retains a 20% carried interest. (Read More)
Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), has started drilling the Gazzata-1 well near the city of Modena in Italy's Po Valley. The drilling is expected to take about three weeks to evaluate the primary target, a large gas prospect that is estimated to be at a depth of 2,100m. (Read More)
Ascent was informed on 15 May 2009 by Barclays plc, that as at 14 May 2009, Barclays plc was interested in 15,571,794 ordinary shares of 0.1 pence each in the Company, representing approximately 5.11% of the issued share capital of the Company. (Read More)
Ascent has entered into an agreement with GEM Global Yield Fund Limited ('GEM') whereby GEM has made available to the Company an equity line of credit of up to £5 million ('the Facility'). The Facility will be used to assist in funding the Company's exploration projects not covered by production revenue, and if appropriate, to finance investments in additional exploration projects that are outside the investment profile of the Ascent/San Severina asset management joint venture ('the JV') announced in October 2008. (Read More)
Ascent was informed on 29 April 2009 by Barclays plc, that as of 28 April 2009, Barclays plc no longer had a notifiable interest in the issued share capital of the Company. (Read More)
Ascent was informed on 24 April 2009 by Barclays plc, that as at 23 April 2009, Barclays plc was interested in 15,276,151 ordinary shares of 0.1 pence each in the Company, representing approximately 5.01% of the issued share capital of the Company. (Read More)
Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), is completing the construction of the Gazzata-1 wellsite near the city of Modena in Italy's Po Valley. The mobilisation of the Perazzoli (Ascent 22.5% owned) HH-200 drilling rig is scheduled to start on the 5th May 2009 and spudding of the well is anticipated circa 10 days later. (Read More)
Ascent through its subsidiary PetroHungaria kft ('PetroHungaria'), has successfully completed and tested the PEN-104A side track of the PEN-104 gas producing well in the Penészlek area of the Nyírség permits of eastern Hungary. The Company expects production at the well to commence in the coming days following disassembling of the drilling rig and reconnection of the flow line. (Read More)
Ascent through its 45.23% owned subsidiary PetroHungaria kft ('PetroHungaria'), has started drilling PEN-104A, a sidetrack well to the gas producing PEN-104 well in the Penészlek area of the Nyírség permits of eastern Hungary. (Read More)
Ascent was informed on 23 January 2009 by Barclays plc, that as of 21 January 2009, Barclays plc no longer had a notifiable interest in the issued share capital of the Company. (Read More)
Ascent is planning to sidetrack its PEN-104 gas production well in the Penészlek area of the Nyírség exploration permits of eastern Hungary. The well has been shut-in temporarily due to the failure of a compressor at the gas processing facility which resulted in unusually high export pipeline pressures. Repairs to the compressor that will reduce the pipeline pressure to its normal operating range are not expected to be completed until March 2009. (Read More)
Ascent was informed on 12 January 2009 by Barclays plc, that as at 9 January 2009, Barclays plc was interested in 15,254,986 ordinary shares of 0.1 pence each in the Company, representing approximately 5.01% of the issued share capital of the Company. (Read More)
Jeremy Eng, Managing Director of Ascent, has today purchased 1,808,557 ordinary shares of 0.1p each in the Company at a price of 2.75p per share. Following this purchase, Mr Eng is interested in 3,808,557 ordinary shares in the Company, representing 1.25 per cent. of the issued share capital of the Company. (Read More)
Fontana-1 Drilling Update
22 December, 2009Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), is planning to re-drill the Fontana-1 well in January 2010. The original well, designed to collect cores and appraise the shallow part of the Anagni structure in the Frosinone Exploration permit in the Latina Valley, has experienced mechanical problems after reaching the target depth. (Read More)
Operations Update - Replacement
15 December, 2009The following amends the Operations Update announcement released yesterday under RNS number 0492E at 9.30am. (Read More)
Result of EGM
14 December, 2009Ascent held an Extraordinary General Meeting today and all resolutions were duly passed. A copy of the presentation given at the meeting will shortly be available on the Company's website, www.ascentresources.co.uk. (Read More)
Operations Update
14 December, 2009Ascent provides an operations update ahead of this afternoon's Extraordinary General Meeting to approve the proposed placing to raise £6 million. (Read More)
Re San Severina Agreement
08 December, 2009Ascent announces the termination of the Asset Management Agreement with San Severina Holdings SA ('San Severina'), a Swiss based investment company. (Read More)
Penészlek Operations Update
04 December, 2009Ascent announces an update on the activities of its Hungarian subsidiary PetroHungaria Kft. (Read More)
Placing to raise £6m and notice of EGM
27 November, 2009Ascent has conditionally raised £6 million (before expenses) by way of a placing by Astaire Securities plc ('Astaire') of 120,000,000 new ordinary shares of 0.1 pence each in the capital of the Company ('the Placing Shares'), with new and existing shareholders at a price of 5 pence per Placing Share ('the Placing Price') ('the Placing'). The funds raised will be used to accelerate the development of the Company's balanced portfolio of European oil and gas production and exploration projects. (Read More)
Appointment of Broker and Nominated Adviser
11 November, 2009Ascent has appointed Astaire Securities plc ('Astaire') as its broker and nominated adviser with immediate effect. (Read More)
Options Issue
06 November, 2009Ascent has granted Finance Director Simon Cunningham, on the first anniversary of his engagement, 1,000,000 options to subscribe for new ordinary shares of 0.1 pence each in the Company at 7.625p per share. The options to acquire new ordinary shares in the Company are exercisable from 1 October 2010 until 1 October 2014. (Read More)
Well Completion and Update
02 November, 2009Ascent through its Hungarian subsidiary PetroHungaria Kft, has completed the drilling of the PEN-104 sidetracked gas well in the Nyírség permits of Eastern Hungary. This well, drilled into the Miocene reservoir formation at the depth anticipated from the interpretation of the seismic data, is the second sidetrack well and the logs indicate the presence of a substantial gas reservoir. (Read More)
Fontana-1 Drilling Commences
28 October, 2009Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), has commenced the drilling of the Fontana-1 well which is designed to appraise the shallow part of the Anagni structure in the Frosinone Exploration permit in the Latina Valley. (Read More)
Holding(s) in Company
19 October, 2009Ascent was informed on 16 October 2009 by Barclays plc, that as at 15 October 2009, Barclays plc was interested in 33,286,296 ordinary shares of 0.1 pence each in the Company, representing approximately 8.76% of the issued share capital of the Company. (Read More)
Issue of Equity and Facility Limit Increase
12 October, 2009Ascent further to its announcement of 14 May 2009, has issued 20,000,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw-down on the equity line of credit provided by GEM. The price of the subscription is 7.19 pence per Ordinary Share, a discount of 9% to the average closing price of Ascent shares over the past 15 trading days. (Read More)
PEN-104AA Sidetrack
28 September, 2009Ascent through its 45.23% owned subsidiary PetroHungaria Kft ('PetroHungaria'), announces the commencement of a further sidetrack of the PEN-104 well ('PEN-104AA'), to test a substantial Miocene volcani-clastic (tuffaceous) prospect in the Penészlek field in the Nyírség permits of north eastern Hungary. The target for the sidetrack, identified on the 3D seismic that was acquired last year, will be drilled from the existing PEN-104A wellbore on essentially the same trajectory to a depth anticipated to be equivalent to a vertical depth of approximately 1,360 metres. (Read More)
GH-1 Completion and Test Results
17 September, 2009Ascent announces the successful completion and testing of the Görbeháza-1 well ('GH-1') located in the western part of the Nyírség Szatmár permits in Hungary, known as the Panhandle. The first of two gas zones targeted for completion has achieved a gas flowrate of 3.74 MMscfd (106,000 Mm3/d). (Read More)
PEN-105 Test Completed
15 September, 2009Ascent through its Hungarian subsidiary PetroHungaria Kft, has completed the testing of the PEN-105 gas well in the Nyírség permits of Eastern Hungary. The gas rates achieved and the reserves associated with this appraisal well were substantially higher than pre-drill estimates. (Read More)
Interim Results
09 September, 2009Ascent Resources plc ('Ascent', 'the Company' or 'the Group'), the AIM traded oil and gas exploration and production company announces its unaudited interim results for the six months ended 30 June 2009. (Read More)
Agrees Swiss Exploration Option
02 September, 2009Ascent has signed an agreement with Schuepbach Energy LLC ('Schuepbach') of Dallas, Texas, for an option to participate in the exploration of the Jurassic shales in Ascent's exploration and appraisal project in the Canton of Vaud in Switzerland. The option is exercisable in the event that Schuepbach drills a well to evaluate the potential for gas production from the shales. (Read More)
Drilling Results
28 August, 2009Ascent announces that drilling operations at the Company's Görbeháza-1 well ("GH-1") in the Panhandle region of the Nyírség North Permit in northeast Hungary have concluded and that 7" casing has been run in advance of production testing operations. (Read More)
Holding(s) in Company
21 August, 2009Ascent was informed on 20 August 2009 by RAB Capital plc acting as a discretionary manager of RAB Energy Fund Limited ("RAB"), that on 19 August 2009 RAB held a total of 14,033,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 3.90% of the Company's issued ordinary share capital. (Read More)
Görbeháza-1 Drilling Commences
18 August, 2009Ascent announces the commencement of the drilling at 5pm CET yesterday of the Görbeháza-1 well, located in the western part of the Nyírség Szatmár permits in Hungary, known as the Panhandle. The drilling, expected to take about ten days, will evaluate a primary gas target estimated to be at a depth of 1,200 metres. (Read More)
Holding(s) in Company
17 August, 2009Ascent was informed on 14 August 2009 by Barclays plc, that as at 13 August 2009, Barclays plc was interested in 29,379,654 ordinary shares of 0.1 pence each in the Company, representing approximately 8.16% of the issued share capital of the Company. (Read More)
Holding(s) in Company
14 August, 2009Ascent was informed on 14 August 2009 by Paul Curtis, that as at 13 August 2009, Paul Curtis no longer had a notifiable interest in ordinary shares of 0.1 pence each in the Company. (Read More)
Holding(s) in Company
13 August, 2009Ascent was informed on 13 August 2009 by Paul Curtis, that as at 12 August 2009, Paul Curtis was interested in 13,825,000 ordinary shares of 0.1 pence each in the Company, representing 3.84% of the issued share capital of the Company. (Read More)
PEN-105 Drilling Update
10 August, 2009Ascent advises that mobilisation of the rig that will drill the PEN-105 well in the Penészlek area of the Nyírség permits in Hungary has commenced. It is expected that drilling will begin over the next week and that it will take approximately three weeks to evaluate the primary target, a gas prospect that is estimated to be at a depth of 1,500m. (Read More)
Issue of Equity
29 July, 2009Ascent further to its announcement of 14 May 2009, has issued 38,000,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw-down on the equity line of credit provided by GEM. The price of the subscription is 3.54 pence per Ordinary Share, a discount of 9% to the average Ascent closing price over the past 15 trading days. (Read More)
AGM Statement
23 July, 2009Ascent held its Annual General Meeting today and all resolutions were duly passed. (Read More)
Project Update
23 July, 2009Ascent is pleased to provide an update on its current strategy and portfolio ahead of its Annual General Meeting, which will be held at 11am today. A PDF version of the Company's latest corporate presentation is available to view or download at www.ascentresources.co.uk. (Read More)
Holding(s) in Company
17 July, 2009Ascent was informed on 13 July 2009 by Barclays plc, that as at 10 July 2009, Barclays plc was interested in 23,100,694 ordinary shares of 0.1 pence each in the Company, representing approximately 7.17% of the issued share capital of the Company. (Read More)
Corporate Update
15 July, 2009Ascent announces that a corporate update will be made available to view or download from the Company's website, www.ascentresources.co.uk from 10.00am today. (Read More)
Replacement - Hungary Project Expansion
06 July, 2009This announcement is in regard to Ascent Resources plc and not Irvine Energy plc as previously stated. (Read More)
Holding(s) in Company
03 July, 2009Ascent was informed on 2 July 2009 by Paul Curtis, that as at 1 July 2009, Paul Curtis was interested in 14,825,000 ordinary shares of 0.1 pence each in the Company, representing 4.60% of the issued share capital of the Company. (Read More)
Notice of AGM
30 June, 2009Ascent confirms that its Annual Report for the year ended 31 December 2008 was posted to shareholders on 26 June 2008 and is also available on its website at www.ascentresources.co.uk. (Read More)
Director's Dealing
25 June, 2009Ascent announces that Malcolm Groom, Legal Director of Ascent, has purchased 400,000 ordinary shares of 0.1p each in the Company at a price of 3.30p per share. Following this purchase, Mr Groom is interested in 1,997,705 ordinary shares in the Company, representing 0.62 per cent. of the issued share capital of the Company. (Read More)
Update re Jolly Ranch Project Agreement
16 June, 2009Ascent notes the announcement issued by Nighthawk Energy plc ('Nighthawk') regarding the termination of the Purchase, Sale and Option Agreement between San Severina Holdings SA ('San Severina'), Running Foxes Petroleum Inc. and Nighthawk Production LLC ('the Agreement'), in respect of the sale of a minority interest by Nighthawk in the Jolly Ranch Project ('the Project'). (Read More)
Gazzata-1 Update
16 June, 2009Ascent through its wholly owned subsidiary Ascent Resources Italia srl, is preparing to plug and abandon the Gazzata-1 well in Italy's Po Valley. (Read More)
Final Results
12 June, 2009Ascent Resources plc, the AIM-traded oil and gas production and exploration company with assets in five countries across Europe, announces its Final results for the year ended 31 December 2008. (Read More)
Holding(s) in Company
10 June, 2009Ascent was informed on 8 June 2009 by Barclays plc, that as at 5 June 2009, Barclays plc was interested in 18,540,924 ordinary shares of 0.1 pence each in the Company, representing approximately 6.08% of the issued share capital of the Company. (Read More)
Issue of Equity
08 June, 2009Ascent has, further to the announcement of 14 May 2009, issued 17,350,000 new ordinary shares of 0.1 pence each ('Ordinary Shares') to GEM Global Yield Fund Limited ('GEM') as part of a draw down on the equity line of credit provided by GEM. The price of the subscription is 7.4 pence per Ordinary Share, being a discount of 9% to the average closing price over the past 15 trading days. (Read More)
Holding(s) in Company
02 June, 2009Ascent was informed on 1 June 2009 by RAB Capital plc acting as a discretionary manager of RAB Energy Fund Limited ("RAB"), that on 20 May 2009 RAB held a total of 22,833,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 7.49% of the Company's issued ordinary share capital. (Read More)
Acquiring interest in Jolly Ranch Project
01 June, 2009Ascent through its asset management business with San Severina Holdings SA ('San Severina'), the Swiss based investment company, is to be assigned an interest in the Jolly Ranch Project ('the Project'), an oil and gas development in Colorado in the United States of America. San Severina has agreed to purchase a 20% interest in the Project and will transfer 20% of this interest (a 4% interest in the Project) to Ascent on completion, which is expected to occur during June 2009. The other partners in the Project are the operator, Running Foxes Petroleum Inc ('Running Foxes'), and Nighthawk Production LLC, a wholly owned subsidiary of Nighthawk Energy plc ('Nighthawk'), each of whom will retain a 40% interest. (Read More)
Holding(s) in Company-Replacement
22 May, 2009Ascent was informed on 21 May 2009 by RAB Energy Fund Limited ("RAB Energy"), that on 20 May 2009 RAB Energy held a total of 17,208,439 ordinary shares of 0.1p each in the Company registered in the name of Credit Suisse Client Nominees (UK) Limited, which represents 5.65% of the Company's issued ordinary share capital. (Read More)
Holding(s) in Company
21 May, 2009Ascent was informed on 21 May 2009 by Credit Suisse Client Nominees (UK) Limited ("Credit Suisse"), that as at 20 May 2009, Credit Suisse was interested in 17,208,439 ordinary shares of 0.1 pence each in the Company, representing approximately 5.65% of the issued share capital of the Company. (Read More)
Slovenian Exploration Project Farmout
21 May, 2009Ascent through its wholly owned subsidiary Nemmoco Slovenia Corporation ('NSC'), has farmed out one half of its 80% participation in the Eastern Slovenian Exploration Project to Aspect Energy International ('AEI'), a subsidiary of Denver based Aspect Holdings LLC ('Aspect'). The Eastern Slovenian Exploration Project is situated on the eastern edge of the Pannonian Basin, covering 864 square kilometres of the 2,473 square kilometre Pomurje Regional Exploration Area, adjacent to the Hungarian and Croatian borders. The exploration licence is held by Nafta Geoterm d.o.o., a subsidiary of state-owned energy and petrochemicals conglomerate Nafta Lendava d.o.o., which retains a 20% carried interest. (Read More)
Gazzata-1 Drilling Commences
20 May, 2009Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), has started drilling the Gazzata-1 well near the city of Modena in Italy's Po Valley. The drilling is expected to take about three weeks to evaluate the primary target, a large gas prospect that is estimated to be at a depth of 2,100m. (Read More)
Holding(s) in Company
19 May, 2009Ascent was informed on 15 May 2009 by Barclays plc, that as at 14 May 2009, Barclays plc was interested in 15,571,794 ordinary shares of 0.1 pence each in the Company, representing approximately 5.11% of the issued share capital of the Company. (Read More)
Financing Agreement with GEM
14 May, 2009Ascent has entered into an agreement with GEM Global Yield Fund Limited ('GEM') whereby GEM has made available to the Company an equity line of credit of up to £5 million ('the Facility'). The Facility will be used to assist in funding the Company's exploration projects not covered by production revenue, and if appropriate, to finance investments in additional exploration projects that are outside the investment profile of the Ascent/San Severina asset management joint venture ('the JV') announced in October 2008. (Read More)
Holding(s) in Company
01 May, 2009Ascent was informed on 29 April 2009 by Barclays plc, that as of 28 April 2009, Barclays plc no longer had a notifiable interest in the issued share capital of the Company. (Read More)
Holding(s) in Company
28 April, 2009Ascent was informed on 24 April 2009 by Barclays plc, that as at 23 April 2009, Barclays plc was interested in 15,276,151 ordinary shares of 0.1 pence each in the Company, representing approximately 5.01% of the issued share capital of the Company. (Read More)
Gazzata-1 Drilling Update
23 April, 2009Ascent through its wholly owned subsidiary Ascent Resources Italia srl ('ARI'), is completing the construction of the Gazzata-1 wellsite near the city of Modena in Italy's Po Valley. The mobilisation of the Perazzoli (Ascent 22.5% owned) HH-200 drilling rig is scheduled to start on the 5th May 2009 and spudding of the well is anticipated circa 10 days later. (Read More)
Hungarian Update
20 April, 2009Ascent through its subsidiary PetroHungaria kft ('PetroHungaria'), has successfully completed and tested the PEN-104A side track of the PEN-104 gas producing well in the Penészlek area of the Nyírség permits of eastern Hungary. The Company expects production at the well to commence in the coming days following disassembling of the drilling rig and reconnection of the flow line. (Read More)
Hungarian Drilling Update
30 March, 2009Ascent through its 45.23% owned subsidiary PetroHungaria kft ('PetroHungaria'), has started drilling PEN-104A, a sidetrack well to the gas producing PEN-104 well in the Penészlek area of the Nyírség permits of eastern Hungary. (Read More)
Holding(s) in Company
27 January, 2009Ascent was informed on 23 January 2009 by Barclays plc, that as of 21 January 2009, Barclays plc no longer had a notifiable interest in the issued share capital of the Company. (Read More)
PEN-104 Update
21 January, 2009Ascent is planning to sidetrack its PEN-104 gas production well in the Penészlek area of the Nyírség exploration permits of eastern Hungary. The well has been shut-in temporarily due to the failure of a compressor at the gas processing facility which resulted in unusually high export pipeline pressures. Repairs to the compressor that will reduce the pipeline pressure to its normal operating range are not expected to be completed until March 2009. (Read More)
Holding(s) in Company
14 January, 2009Ascent was informed on 12 January 2009 by Barclays plc, that as at 9 January 2009, Barclays plc was interested in 15,254,986 ordinary shares of 0.1 pence each in the Company, representing approximately 5.01% of the issued share capital of the Company. (Read More)
Director/PDMR Shareholding
08 January, 2009Jeremy Eng, Managing Director of Ascent, has today purchased 1,808,557 ordinary shares of 0.1p each in the Company at a price of 2.75p per share. Following this purchase, Mr Eng is interested in 3,808,557 ordinary shares in the Company, representing 1.25 per cent. of the issued share capital of the Company. (Read More)
