June 2008 Presentation : Link here

March 2008 AST Write Up : Link TMF Post Ascent Article Archive Folder : Link to AST archive folder

Detailed Info on Italian Prospects : Link to post 2 (Explo.)

Detailed Info on Swiss Prospects : Link to post 3 (Explo.)

Detailed Info on Spanish Prospects : Link to post 4 (Prod. + Explo.)

Detailed Info on Dutch Prospects : Link to post 5 (Explo.)

Detailed Info on Hungarian Prospects : Link to post 6 (Prod + Explo.)

Detailed Info on Slovenia & Gabon Prospects : Link to post 7 (Explo.)



Web Site : http://www.ascentresources.co.uk

Email : info@ascentresources.co.uk

Sign up for email news alerts here : Click Here


Oil and Gas Guide for those who want to know more : Link to PDF file

PP, I will be able to check out Mark Slater interview at Weekend and will report back.

Thanks both.

I have not seen any comments from yesterdays Forum with Thor/Ascent, will be interesting too to know from anyone there.

.

A transcript of the May 2nd WSR interview is now available to read at the link below :

http://www.wallstreetreporter.com/profile.php?id=17788#Transcript


A good read, and the last paragraph sums up whats been said, 2006 is exciting, but 2007 is even bigger.

Here is the presentation link below, and also a summary of someone who went to the presentation live at the One2One Forum.

http://www.ascentresources.co.uk/investor_information/Q3_2006_update.pdf

**************************

Bartyboy - 7 Sep'06 - 12:24 - 2035 of 2055

Morning Guys

I was at the Proactive presentation yesterday afternoon in London, and had a chance to talk to Jeremy Eng immediately before his talk.

I'm not currently a holder, and do not therefore profess to be an expert on the company, but here are a few points which may be of interest. Apologies in advance if I'm relaying whats already known, or blindingly obvious!

1. There were about 30 present for the presentation. A mixture of Analysts, Journos, Private investors, and fund representatives.

2. Jeremy's presentation was well polished. I was impressed by him and also the depth of experiance in the management team.

3. The Spanish producing field is currently pumping 100 barrels per day. This revenue cover all operating costs, and gives the Company weight in licence negotiations, as they can claim to be a producer.

4. They were the first oil explorer to seek an Exploration Licence in Switzerland for the past 25 years. Since their application there have been two other companies seeking Licences in the same Canton alone. The Swiss had to get their official out of retirement, as no one knew how to process the application!

5. In Romania the Bilca gas production plant is due to go live within the next few days. The Company had to make a small payment [Which they have now done] to the Local Authority to sign off the construction work.

6. Hungary. Upside potential in the four identified prospects could go beyond 400BCF

7. Italy, currently working in Po Valley [Drilling 2007], Latium Coast [Drilling Oct 2006] and Latina valley [Anagni scheduled this month, Offset seismic this year, with deep well 2007]

8. Jeremy stated that to assemble their current portfolio as of todays date would cost 20 times what they paid over the last 18th months. Such is the current interest. An analyst [Sorry didn't catch the name] has given a very conservative vale of 63p per share for the current reserves.

Hope that brief overview was of some help.

Thank you PP :-)

Welcome.

Looking a little stronger now, we seem to have cleared the stream of stock that was available at 13.5 and 13.75..........we could see some bigger moves up now if they buying keeps up.

First news on drilling results around 7 weeks away now, and then its a stream of news :)

PP, precis of T1ps' Mark Slater interview regarding AST:

He loves this Special Situations stock, Yes its potentialy Risky, but has a very good Risk/Reward ratio. Enough cash to cover Exploration & Appraisal work.
Within AST's portfolio there are 3 significant plays: Hungary, Spain, Italy. Spain because of likely increase in production and Hungary & Italy because either is a potential company maker. Potential dramatic upside (1:3 chance) from either Hungary or Itlay projects. Sensible Management. Interseting play with a potentially Very dramatic upside. Valuation on current portfolio is 60 - 70p (Already Risked). If everything comes in at once then this could go skyhigh.

silvermead. Thank you.

Have a rec.

Thanks silvermede.........sounds good, especially coming from the likes of Mark Slater ! :)

PP, I'm going to re-listen to the whole interview again this weekend and will let you know other tips. :-)

Thanks.

I think he has missed the Swiss potential, that in 2007 could be drilling for a multi-TCF target........and could be the biggest of all.... :)

PP, Agree & no mention of the Netherlands prospects either all of which may add to the upside. The portfolio is significant when considering how much they have paid for it.

Nice little strengthening of the SP today :) Long may it continue.

Aurelian Oil & Gas plc
12 September 2006




Aurelian Oil & Gas PLC

Ascent Resources plc

&

Europa Oil & Gas plc



'Bilca Development Update'

Aurelian Oil & Gas PLC ('Aurelian' or the 'Company'), the exploration and
production company focussed on Central Europe, acting as operator of the joint
venture with MIRC (a wholly owned subsidiary of Ascent Resources plc) and Europa
Oil & Gas (Holdings) plc, is pleased to announce that it has signed a contract
with S.N.G. N, Romgaz S.A, the Romanian state gas company and the fourth partner
in this Joint Venture, for the sale of gas production from the Bilca Development
situated in the Brodina Block in Northern Romania.


The production facilities have now been commissioned and a production licence
has been applied for from the Romanian authorities. It is anticipated that the
permit will be issued during September and production will commence once the
permit has been issued. An initial production rate of 7 million cubic feet per
day is planned (c. 200 th. cu.m/day). This rate will be kept under observation
and will be adjusted according to reservoir conditions.

Michael Seymour, Managing Director of Aurelian commented

'We are particularly pleased to have brought these first three gas discoveries
in Romania to production within only 27 months of the first discovery well. This
has been an important and constructive first production project for Aurelian
which will stand us in good stead for the future discoveries we are confident
which will follow in Romania.'



12th September 2006





Note:

The Joint Venture is between Aurelian, (28.75%), Europa (28.75%) and Ascent (5%)
and the Romanian state gas producing company S.N.G. N, Romgaz S.A, (37.5%) and
covers the Brodina Concession, which covers 1,475 km2 in Northern Romania on the
Ukraine border. Three wells were drilled in 2005 and 2006, of which all were
discoveries. These are known as the 'Bilca Development' which is the subject of
this announcement. Aurelian is the operator.

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1158112832&feed=oilbarrel_en


13.09.2006

Aurelian Oil & Gas, Ascent Resources And Europa Oil & Gas All Approach Production From Their Gas Joint Venture In Romania


We knew when Aurelian Oil & Gas floated on Londons AIM that the company had some production, or rather near production, from assets in Romania as well as development and exploration upside in Poland, and Bulgaria and Slovakia. We now know how much gas.

The company is involved in four blocks in Romania where it is the operator: Brodina (28.75 per cent), Cuejdiu (28.75 per cent), Bacau (47.5 per cent) and Suceava (50 per cent). Three gas discoveries have been made on the Brodina acreage. The company, as operator, has announced that it has signed a contract with S.N.G. N, Romgaz S.A, the Romanian state gas company and the fourth partner in the joint venture with 37.5 per cent, for the sale of gas output from the Bilca Development, situated in Brodina which is in northern Romania.

The production facilities have been commissioned and a production licence has been applied for from the Romania authorities. It is anticipated the licence will be issued imminently and production will start once the permit is issued. An initial production rate of 7 million cubic feet a day is planned and will be adjusted according to reservoir conditions.

This might not sound a great deal of gas - it is around slightly more than 300 barrels of oil equivalent a day to Aurelian. Moreover prices in Romania are not great (around just under US$4 per thousand cubic feet). But they are improving and recovery costs and finding costs are low. It does mean that Aurelian has been as good as its word and should soon get off the mark with production. Also there could be more discoveries. Aurelian managing director Michael Seymour said: This has been an important and constructive first production project for Aurelian which will stand us in good stead for the future discoveries we are confident will follow in Romania.

The three discoveries so far have been shallow low risk discoveries. Seismic data has been acquired on potential deeper and larger plays to identify drill targets. Total 2P (proven and probable reserves) and 3P (possible reserves) for the three Romanian licences have been estimated by independent reservoir surveyors Scott Pickford at 2.8 billion cubic feet (0.5 million barrels of oil equivalent) and 187.8 bcf (31 million boe) respectively.

For the other partners in the joint venture the near production news is important and encouraging. Europa Oil & Gas, which focuses on production and exploration in Europe and North Africa, currently produces 210 barrels of oil per day from UK onshore fields and 25 barrels of oil equivalent from the Ukraine. With 28.75 per cent of the Brodina licence, Europa should more than double its overall output, since its entitlement of the production amounts to around 300 boepd.

Ascent Resources, which like Aurelian and Europa is quoted on Londons AIM, has an extensive portfolio of over 20 oil and gas projects across six countries in Europe. It holds 5 per cent of the Romanian licences which means around 60 boe a day. But this adds to the output it gains from its 88 per cent interest and operatorship of the only onshore Spanish oilfield which produces over 100 barrels of oil per day. It is all cash flow which helps to keep the lights on, as the saying goes in oil circles, as Ascent pursues its development and exploration opportunities in Hungary, Italy and elsewhere in Europe.

News on EOG today, as its EOG (our Romanian partners) and its gas again for EOG, I wonder if AST will be farming in to this one ?



Europa Oil & Gas (Holdings) plc

New Exploration Acreage - France

The Directors of Europa Oil & Gas (Holdings) plc, the production and exploration company, are pleased to announce that its application for an exploration permit in the Aquitaine Basin of southwest France, the Brn des Gaves permit, has now passed the 90 day period allowed for competitive bids.
The exclusive award of the exploration licence to Europa is now subject to government approval and is expected early in 2007.

The application, which covers an area of 928 km2, lies immediately west of the Lacq and Meillon Gasfields, the discoveries that made Elf Aquitaine over 50 years ago, which contain combined estimated initial recoverable gas reserves of 12 trillion cubic feet. Europa plans to investigate the western continuation of
the Lacq play, evidence for this coming from a gas discovery in the permit area at Berenx. In addition, there is potential for oil accumulations in the northern part of the permit area.

The vast majority of wells drilled in the area were drilled in the 1950's and 1960's and were based on now obsolete exploration concepts. Modern exploration methods will greatly improve the chances of finding significant hydrocarbon reserves in an area close to markets and with a well-developed infrastructure.

Paul Barrett, Managing Director, said "With this award, we will have the potential for substantial gas reserves in an area of onshore western Europe.
Proximity to existing processing and export infrastructure would allow a short lag time between discovery and cashflow. We are looking forward to working this acreage with great anticipation".

About Europa Oil & Gas (Holdings) plc

Europa Oil & Gas (Holdings) plc - AIM: EOG - focuses on the production and exploration of hydrocarbons in Europe and North Africa. It currently produces 210 barrels of oil per day from UK onshore fields and 25 barrels of oil equivalent from the Ukraine. Production will rise significantly after its Romanian Bilca Gas Project comes onstream in September 2006. Operating a balanced portfolio, Europa currently has field appraisal activity on projects in the UK Southern Gas Basin and onshore Romania and exploration activity on a further eight licences across the Europe - North Africa region. For more
information please visit www.europaoil.com

.

.

I hold AST before but sold my holding because I was redifining my holdings which was too diversified. I decided to maximise my return by concentrating on less number of Oil companies. I have a great admiration for AST's business strategy which is to buy a productive asset instead of risky exploration assets. This is a very excellent strategy in this hit and miss oil exploration. Now will AST find FAO attractive enough to buy it? That remains to be seen. Best luck to all AST holders.