News for 2011
Director/PDMR Shareholding
12 December, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that it was notified on 10 December 2011 of the following share purchase by a Director: (Read More)
High Gas Flows from Successful Pg-10
25 November, 2011Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has completed the fracture stimulation of the Pg-10 well at the Petišovci Project ('the Project') in Slovenia. The preliminary testing of the shallowest of two stages has flowed at a stabilised rate of 8.5 MMscfd (240,000 m3; 1,420 boepd) on a 20/64" choke with a flowing well head pressure of over 290 barg (4,260 psia). (Read More)
Holding(s) in Company
11 November, 20111. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii (Read More)
Holding(s) in Company
11 November, 2011The Company received the below form on 9 November 2011 which is a revised version of the announcement made on 6 April 2011 regarding a holding in the Company. (Read More)
Director Dealing
04 November, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that Jeremy Eng, Managing Director, has transferred 1,000,000 ordinary shares of 0.1p each in the Company ('Shares') into his Self Invested Personal Pension ('SIPP'). This transfer was effected by the sale on 4 November 2011 of 1,000,000 Shares by Jeremy Eng at a price of 2.65p a Share and by the purchase on 4 November 2011 of 1,000,000 Shares by Jeremy's SIPP at a price of 2.70p. This does not change Jeremy Eng's beneficial ownership of 5,981,890 Shares, representing 0.87 per cent. of the issued share capital of the Company. (Read More)
Preliminary Pg-11A Results
02 November, 2011Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has completed initial testing operations following the successful fracture stimulation of the Pg-11A well at the Petišovci Project ('the Project') in Slovenia. After cleaning out the three pumped stages the stabilised gas flow rate of 2.1 MMscfd and approximately 50 bpd of condensate was achieved. The combined gas and condensate production rate was c.400 barrels of oil equivalent per day. Pg-11A will now be prepared for production with the installation of a customised production string to optimise the flow rate and gas recovery. (Read More)
Successful Pg-11 Fracture Stimulation
19 October, 2011Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has completed the fracture stimulation of the Pg-11A well at the Petišovci Project ('the Project') in Slovenia. The testing of the shallowest of the three stages has already indicated good productivity and will be further tested to ascertain flow capability. With the high productivity and due to the resulting high pressures, a revised procedure is being prepared for the clean-out and testing of the two deeper stages. (Read More)
Block M10/M11 Licence Extended - Netherlands
13 September, 2011Ascent Resources plc, the AIM-traded European oil and gas exploration and production company, through its subsidiary Ascent Resources (Netherlands) BV ('ARN'), has received confirmation of the extension of its M10/M11 block licences ('the Project') located offshore Netherlands in the southern North Sea until 30 June 2013. (Read More)
Director Options
07 September, 2011Ascent Resources plc, the AIM-traded European oil and gas exploration and production company, announces that it has today issued options over a total of 5 million new ordinary shares in the Company. The options represent in aggregate 0.49% of the existing issued share capital. The options are exercisable from 30 June 2012 to 7 September 2016 and were issued following the Company exiting a close period. These options relate to a contractual review due after six months employment on 30 June 2011 for Scott Richardson Brown. (Read More)
Interim Results
07 September, 2011Ascent Resources plc, the AIM listed European oil and gas production and exploration company, announces its unaudited interim results for the six months ended 30 June 2011. (Read More)
Positive Pg-10 Results
23 August, 2011Ascent Resources plc, the AIM listed European oil and gas exploration and production company has successfully completed the drilling of the Pg-10 well at the Petišovci Project in Slovenia. The results confirm the reservoir quality and potential commerciality of the Middle Miocene reservoir section, which is independently estimated to contain over 400 Bcf of gas-in-place, and delineate the substantial new deeper reservoir section discovered by the Pg-11A well. (Read More)
Issue of Convertible Notes
21 July, 2011Ascent has placed convertible loan notes with existing Italian creditors to raise €552,525 with an option to issue a further €70,000 of convertible loan notes in the future for additional services. The proceeds will be used to advance work on the Company's Italian portfolio. (Read More)
Result of AGM
30 June, 2011Ascent held its Annual General Meeting today and all resolutions were duly passed. (Read More)
Second Redevelopment Well Spuds in Slovenia
23 June, 2011Ascent has commenced drilling the Pg-10 well which is the second redevelopment well of the Petišovci Project in Slovenia. The primary objective of the well is to confirm the reservoir quality and commerciality of the Middle Miocene reservoir section, independently assessed by RPS Energy ('RPS') to contain over 400 Bcf of gas-in-place, and secondarily to further delineate the substantial new deeper reservoir which was recently discovered by the Pg-11 well. (Read More)
Petišovci Project Update
13 June, 2011Ascent has successfully completed the drilling of the Pg-11A well in the Petišovci Project in Slovenia. Initial results are encouraging and have confirmed the presence of good quality gas and well logs indicated the discovery of approximately 114m of new net additional reservoir in the deeper Miocene. The drilling rig is now moving to drill the second redevelopment well, Pg-10. Meanwhile, a workover rig will now be mobilised for a completion testing programme on Pg-11A, designed to optimise the production completions for Pg-11A, Pg-10 and other future redevelopment wells. (Read More)
Final Results
02 June, 2011Ascent announces its final results for the year ended 31 December 2010. (Read More)
Petišovci, Slovenia - Pg-11A Update
24 May, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, has flowed gas from an open-hole test of the Karpatian reservoir of the Pg-11A well and now continues drilling to the planned total depth of 3,500m. The Pg-11A well is positioned to become the first re-development well in the Petišovci Project in Slovenia where the Company has a 75% interest. (Read More)
Holding(s) in Company
11 April, 2011The 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. (Read More)
Holding(s) in Company
07 April, 20111. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii (Read More)
Holding(s) in Company
06 April, 20111. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii (Read More)
Result of General Meeting
06 April, 2011Ascent 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. (Read More)
Total Voting Rights
31 March, 2011For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company notifies the market that as at the date of this announcement, the Company's issued share capital consists of 785,509,722 ordinary shares with a nominal value of 0.1 pence each ('Ordinary Shares'), with voting rights. The Company does not hold any Ordinary Shares in Treasury. (Read More)
Directors' Dealing
18 March, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that it was notified on 17 March 2011 of the following share purchases by Directors: (Read More)
Raises £17 million
17 March, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, announces that it has raised £17 million, before expenses, by way of a Firm Placing of 100,000,000 New Ordinary Shares at a price of 5p per share and a Conditional Placing of a further 240,000,000 New Ordinary Shares at a price of 5p per share (together the 'Placing'). The funds raised will primarily be used to advance the Company's flagship Petišovci/Lovási/Ujfalu project, through the drilling and completion of the Pg-11 sidetrack, the Pg-10 and Ujfalu-III wells, and capitalise on the areas P50 estimated gas in place of 412 Bcf.. (Read More)
Issue of new equity
07 March, 2011Ascent has issued 6,062,579 ordinary shares of 0.1p each in the Company to YA Global Master SPV Ltd ('Yorkville'), an investment fund managed by Yorkville Advisors LLC. The shares have been issued under the Standby Equity Distribution Agreement ('SEDA'), details of which were announced on 19 November 2010. The shares were issued at an average of 6.6p per share to raise £400,000 for the Company which will assist the Company's working capital needs following the recent successful drilling of its appraisal well Pg-11 in Slovenia. (Read More)
Total Voting Rights
01 March, 2011Ascent for the purposes of the Financial Services Authority's Disclosure and Transparency Rules, notifies the market that as at the date of this announcement, the Company's issued share capital consists of 679,447,143 ordinary shares with a nominal value of 0.1 pence each ('Ordinary Shares'), with voting rights. The Company does not hold any Ordinary Shares in Treasury. (Read More)
Petišovci, Slovenia Drilling Update
16 February, 2011Ascent Resources plc, the AIM listed oil and gas exploration and production company, has successfully completed the first phase of operations on the Pg-11 well in the Petišovci Project ('the Project') in Slovenia, where the Company has a 75% interest. The primary objectives of the well have been satisfied with gas confirmed by logs in all of the six Middle Miocene Badenian reservoirs. In addition, gas and condensate were sampled from the Lower Miocene Karpatian reservoir and gas flowed for the first time from the shallowest 'A' sands. The next phase of the operations depends on the analysis of the log and core data and it is planned that the Crosco Cardwell-1 rig will remain on location so a horizontal production sidetrack can be drilled. (Read More)
EnQuest transaction completed
11 February, 2011Ascent has now completed the transaction with EnQuest PLC ('EnQuest'). (Read More)
EnQuest Completion and Slovenia Update
02 February, 2011Ascent has now received all the necessary consents to complete the transaction with EnQuest PLC ('EnQuest') whereby it would acquire an additional 48.75% interest in the Petišovci Project in Slovenia, as announced on 21 December 2010 ('the Agreement'). Accordingly, Mr. Graham Cooper has been appointed to the Board of Ascent as a representative of EnQuest, which as a company, will provide technical support to Ascent for the Petišovci Project, as well as for the evaluation of future European business development opportunities. (Read More)
Total Voting Rights
31 January, 2011For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company notifies the market that as at the date of this announcement, the Company's issued share capital consists of 528,543,185 ordinary shares with a nominal value of 0.1 pence each ('Ordinary Shares'), with voting rights. The Company does not hold any Ordinary Shares in Treasury. (Read More)
Exercise of options and issue of new equity
20 January, 2011Ascent announces that it has today applied for admission to trading on AIM of 8,212,886 new ordinary shares of 0.1p each ('Ordinary Shares'). Admission of these shares is expected to be effective at 8.00am on 25 January 2011. (Read More)
Exercise of Options
04 January, 2011Ascent announces that it has today applied for admission to trading on AIM of 550,000 new ordinary shares of 0.1p each ('Ordinary Shares'), issued and allotted as a result of the exercise of options. (Read More)
Corporate Update
04 January, 2011Ascent has appointed Scott Richardson Brown as full time executive Finance Director, effective January 4th 2011, replacing Simon Cunningham who is relocating to Australia. Scott joined Ascent as a non-executive Director in November of 2010 to provide continuity during the handover. Simon stepped down as a Director on the 31st December 2010, although he will continue to provide the Company with the benefit of his experience through a consultancy arrangement. (Read More)
