In conjunction with the Lovászi and Ujfalu field areas which are immediately adjacent across the Hungarian-Slovenian border, the Petişovci project area is the main focus of Ascent Resources' work programme in 2010.  3-D seismic has already been acquired in the Petişovci and Ujfalu areas and a further acquisition is planned for April 2010.  The preliminary results are very positive with new prospects already identified both in the shallow and deeper levels.  Drilling is planned for later in 2010.

Ascent interest :  15.75% (75% under Sole Risk) for Slovenia deep reservoirs

                               45% (75% under Sole Risk) for Slovenia shallow reservoirs

                               50% in Lovászi/Ujfalu in Hungary

Ascent subsidiaries: Nemmoco Slovenia Corporation (Slovenia)

                                    Ascent Resources Hungary Limited (Hungary)