PapalPower
- 06 Apr 2006 02:15

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
PapalPower
- 07 Apr 2006 01:59
- 12 of 421
RNS Number:1714B Ascent Resources PLC 06 April 2006
Ascent Resources plc
Director shareholding
Jonathan Legg, a director of the Company, has today purchased 210,526 ordinary shares in the Company at a price of 9.5p per share. Following this purchase, he is interested in 373,526 ordinary shares in the Company, representing 0.15 per cent. of the issued share capital of the Company.
6 April 2006
PapalPower
- 08 Apr 2006 02:14
- 13 of 421
More good news for AST holders and of course 1 million is no small buy (nearly 100,000) even for a director ! :)
Ascent Resources PLC 07 April 2006
Ascent Resources plc
Director shareholding
Malcolm Groom, a director of the Company, has today purchased 1,000,000 ordinary shares in the Company at a price of 9.625p per share. Following this purchase, he is interested in 1,597,705 ordinary shares in the Company, representing 0.63 per cent. of the issued share capital of the Company.
7 April 2006
This information is provided by RNS
The company news service from the London Stock Exchange
PapalPower
- 09 Apr 2006 15:53
- 14 of 421
Will be interesting now to see what happens in the coming 3 weeks, following this big director buy and that the operations update is due the last week of April :)
PapalPower
- 12 Apr 2006 00:19
- 15 of 421
Was a nice rise, should be plenty more to come this year, and of course this month ;)
PapalPower
- 13 Apr 2006 15:25
- 16 of 421
On a nice run again, and will be a momentum buy next week I think, as well as a solid buy for the future anyway in my opinion :)
TheFrenchConnection
- 13 Apr 2006 17:07
- 17 of 421
Amities / d'accord completement.......AST have interest in a mine in the prolific Niger Delta through connections with AFR via a financial instruments which will yield probably hundereds of millions for AFR / ...lm in on this one . @ 9.25 . Forget Switzerland and put Spain on the backburner .. ltaly may yield shallow gas fields to provide quick cash generation ; and Rumania a dual play but comparitevely small amounts . ....But its this Nigerian connection that intrigues me ; and the number of j/v's , farm ins , farm outs and so forth in that area combing in perhpas 100/ 130 oil companies of all m/c s from "Big Oil " to the likes of tiny minnows like AST . This is "The New North Sea " they tell me . Well with EEL , AFR, and AST i think i have North of the subsahara covered ,,,,,, Bonne chance PP .... ............@+ J....Gimme oil , gold and orange juice and a raft of soft commodoties !!,,,,,,,,,,,
PapalPower
- 14 Apr 2006 01:16
- 18 of 421
Thanks TFC, as you say, lots going on with AST, so plenty of chances for something special to come along, and yes Nigeria is a place to keep an eye on it terms of possible new large discoveries.
schiff
- 17 Apr 2006 00:11
- 19 of 421
Thanks for your research PP.
Serious flooding in Eastern Europe today and Romania mentioned. Any idea whether the Ascent interests are anywhere near the flooding area?
PapalPower
- 17 Apr 2006 02:50
- 20 of 421
No idea schiff, I have not looked into the Romania interests it too great detail yet.
PapalPower
- 17 Apr 2006 15:52
- 21 of 421
Here is hoping for another couple of strong weeks into that end of month operations update.
PapalPower
- 21 Apr 2006 13:10
- 22 of 421
Bit of a shake before we enter next week, which should contain the awaited operations update. I might have to add a few this afternoon if the offer presents itself :)
schiff
- 21 Apr 2006 13:42
- 23 of 421
Then best of luck to us both PP!
Have a good weekend.
PapalPower
- 21 Apr 2006 13:59
- 24 of 421
Thanks schiff, my AST top up fund just went into GOO (Gold Oil), owing to their excellent news on Peru today, never mind :) Diverse holdings and all that.
PapalPower
- 27 Apr 2006 11:28
- 25 of 421
All very good, and the little bit in the Hungary summary adds some spice, with the speeded up drilling of those area's :)
27 April 2006 Ascent Resources plc ('Ascent' or 'the Company')
Operation update
Ascent Resources plc, the European focused oil and gas exploration and
production company, is pleased to announce the some details of its 2006 Drilling
Programme of six operated wells and an operational update on its production and
exploration assets in Spain, Italy, Hungary, Switzerland, Romania and Holland.
This drilling programme, which does not include the four wells planned for
Romania, primarily focused on previous discoveries, is in the table below.
Contractors with suitable drilling rigs have confirmed their availability for
each of these wells although all are subject to permitting and regulatory
approval for the location which is in progress.
Well Area Exploration Permit Target Commencing
1 Tozo-1 Spain -Sedano Basin Basconcillos H Oil August
2 PHNS-1 N-E Hungary Nyirseg Szatmar Gas August
3 PHND-1 N-E Hungary Nyirseg Del Gas September
4 Anagni-1 Italy - Latina Valley Frosinone Oil September
5 FA-1 Italy - Latium Coast Fiume Arrone Gas October
6 Hontomin-4 Spain - Sedano Basin Huemeces Oil October
Spain: Oil Production and Exploration
Production from the Ayoluengo field continues to average a gross of 115 barrels
of oil per day. The project's cashflow has been improved with the recent rise in
international oil prices. Well work-overs (maintenance and upgrading work) are
planned for the field and will commence in May subject to delivery of equipment
and materials.
The two wells to be drilled in 2006 are the Tozo 1 re-entry and Hontomin 4
appraisal. Both are close to the Ayoluengo field and target oil discoveries that
were made by Chevron in the 1970's.
Italy - Oil and Gas Exploration:
In the Po Valley, based on the results from the reprocessing and interpretation
of the seismic acquired from ENI in the Cento and Bastiglia exploration permits,
the permitting of the first two locations is now underway and a further two will
commence shortly. The drilling of these gas exploration wells is to be included
in the 2007 Drilling Programme.
In the Latina Valley, where the focus is on oil exploration, a 60km seismic
survey and the drilling of the Anagni-1 well are both scheduled for September
2006.
In the Fiume Arrone permit, close to Rome's Fiumicino airport, a gas exploration
well is planned for October 2006.
Hungary
Having received results from last year's seismic programme conducted on the
Nyirseg permits, by Ascent's Hungarian Joint Venture PetroHungaria, the work
programme for this area has now been prioritised and two wells are planned for
late summer.
The Joint Steering Committee of PetroHungaria's project involving the
rehabilitation of low permeability gasfields in conjunction with MOL Hungarian
Oil and Gas plc, has approved the commencement of Phase 2. This includes the
detailed planning of three horizontal recompletions in a producing gasfield in
South Western Hungary.
Switzerland
In the Canton of Bern, re-processing of existing seismic in the area around the
two existing gas discovery wells, Linden (1972) and Hermrigen (1982), is
underway. Subsequent geological modelling with the incorporation of all
hydrocarbon exploration data will lead to a prospectivity report to be published
later this year. Subject to the results of this report, wells will be scheduled
for the 2007 Drilling Programme.
In the Canton of Vaud, the application that surrounds the Essertines (1962) oil
discovery well, drilled by BEB, has passed all regulatory stages and the issue
of the permit is expected imminently.
Romania
Ascent recently acquired a 5% interest in three prospective exploration blocks,
through its acquisition of MIRC. In Brodina, the first gas production is
expected from the Bilca development in late July. An active exploration
programme is underway in all three blocks including new seismic work and it is
anticipated that four exploration wells will be drilled by the end of 2006.
Holland
Ascent made applications for six exploration licenses submitted last year.
Following a three month gazettal period, competing bids have been submitted to
the authorities on two of the six areas, and their decision on these two is
awaited. The remaining four are uncontested.
* * ENDS * *
PapalPower
- 02 May 2006 11:14
- 26 of 421
Bit of stake building going on I think, nice to see a little tick up as well :)
PapalPower
- 02 May 2006 12:02
- 27 of 421
L2 is 3 v 1 @ 11.5/12.5 so more to come today I think, upwards of course ;)
PapalPower
- 02 May 2006 13:19
- 28 of 421
And still moving up, looking very strong today :)
PapalPower
- 03 May 2006 09:20
- 29 of 421
Good post from AFN :
Simon_T - 3 May'06 - 09:13 - 592 of 592
I'm not ready! - I'm going to be busy pretty much all day today.
Re yesterday's share price movement - I think that we have had a bit more publicity over the last day or so and discussion on other boards. Northern Petroleum, having a "1.25% gross overriding royalty in Tozo-1 and Hontomin-4 derived from any future production on the Basconcillos H and Huemeces Permits" chose to reproduce the AST operations update on their website in full. It's here :
http://www.northpet.com/news/news-2006/news-27-04-06.html
Consequently, we will now have come to the attention of Michael Walters et al. It should help us get well clear of 12p and move us comfortably north.
PapalPower
- 03 May 2006 18:18
- 30 of 421
Interview With :
Jeremy Eng
Chief Executive ASCENT RESOURCES
Dated May 02, 2006
CORPORATE INFO
Ascent Resources plc, listed on AIM in November 2004, with a remit to invest in the oil and gas sectors. Since then Ascent Resources has embarked upon building a portfolio of high value projects, primarily in Europe and Africa. To achieve this Ascent Resources has assembled an experienced technical team and is able to call on independent expertise across the sector. The team has strong industry contacts, a proven track record in evaluating acquisition and investment prospects and successfully developing projects in a wide variety of exploration areas. Ascent Resources considers the full spectrum of projects covering exploration, early stage development and production.
Listen via Real Player :
http://www.wallstreetreporter.com/interview.php?id=17788&player=real
Listen via Windows Media :
http://www.wallstreetreporter.com/uploaded_files/2006/May/02/wma/AscentResourcesplc.wma
schiff
- 03 May 2006 19:44
- 31 of 421
PP - really enjoyed the WSR interview, thanks.
Everything looks very promising, especially as a long-term hold.
I am happy to be in at 12p.