Gas is produced from shallow Miocene reservoirs and is sold via a dedicated automated facility directly into the high pressure Hungarian gas pipeline network. Further exploration and appraisal prospects exist in both Pannonian clastic and Miocene tuffaceous formations. Two wells, PEN-106 and PEN-101 are to be drilled in February and March 2010 and production from PEN-105 is scheduled to commence also in March.
Ascent interest: 48.776%
Ascent subsidiary: PetroHungaria kft
