STRATEGY

  • Pursue low cost onshore oil and gas assets with high upside potential primarily in western and central Europe;
  • Prioritise 'Reserve Growth' over production although expecting to be cash flow positive in 2010;
  • Operate projects utilising 'Local Operating Entities'
  • Utilise modern exploration and development techniques -3D seismic use provided 100% success in last 4 wells;
  • Funding approach centred on debt/equity funding for development projects and farm-outs for exploration projects to mitigate risk;
  • Disciplined capital management funding approach.
ASCENT NEWS Doublearrow
15/07/2010

Increase in Interest in North Sea Blocks M10/M11

Ascent through its subsidiary Ascent Resources (Netherlands) BV ('ARN'), has increased its interest in the M10/11... more

02/07/2010

Director's Dealing

Jeremy Eng, Managing Director of Ascent, has transferred 2,000,000 ordinary shares of 0.1p each in the... more

01/07/2010

Increase in Interest in Petisovci Project

Ascent through its subsidiary Ascent Slovenia Limited ('ASL'), has increased its interest in the Petišovci project... more