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Ascent Resources - One to watch (AST)     

PapalPower - 06 Apr 2006 02:15

Chart.aspx?Provider=EODIntra&Size=283*18Chart.aspx?Provider=Intra&Code=AST&Size=June 2008 Presentation : Link here

new.gifMarch 2008 AST Write Up : Link TMF Post new.gifAscent 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

seawallwalker - 17 Nov 2006 07:56 - 151 of 421

PP listen to it you lazy bug*er.

You may be researching for about 10 Companies but that's no excuse.

Oh all right then, he was the secret CEO trying to persuade the panel to buy shares in his Co. No one did from what I heard, but it was a very good upbeat synopsis by JE, and I would have bought on the strength of it, oh I already have bought so maybe I won't buy more.

BTW, I am very happy with this and thanks again.

I am LTBH and cerificated, and staying there.

The short to middle termn prospects are excellent, and they are also on others shopping lists I should not be surprised.

The latest find and Spain should be able to support the coming drill campaign, oh that's what JE said.

PapalPower - 17 Nov 2006 09:51 - 152 of 421

Thanks sww :)

PapalPower - 21 Nov 2006 08:53 - 153 of 421

http://www.investegate.co.uk/Article.aspx?id=200611210700363952M

Ascent Resources PLC
21 November 2006

Ascent Resources plc / Epic: AST

Spuds Second Well in Hungary

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces the spudding of its second well in Hungary. The Fehergyarmat 2 (FGY-2) well, with a planned total depth of 1,100m, targets Pannonian clastics, the same formations which were successfully tested in the PEN-104 well (announced 14 November 2006). The FGY-2 well, which is located approximately 70 km north north-east of PEN-104, is aimed at quantifying the extent of the gas reserves in the northern part of the Nyirseg exploration permits.

PetroHungaria kft (a 90% owned subsidiary of Ascent), with its partners DualEx of Canada (37.5%) and Petro Pequnia of Sweden (2%), has the option to drill two further wells in the permits and the same drilling rig is available to the Group in March 2007.

PapalPower - 02 Dec 2006 15:30 - 154 of 421

On PEN-104 :

firstpage_eng.jpg

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

On new well FGY-2 :

"2006-12-01

Weekly report December 1

Hungary
The drilling of FGY-2 is ongoing."

PapalPower - 04 Dec 2006 11:19 - 155 of 421

http://www.investegate.co.uk/Article.aspx?id=200612041101031615N

Ascent Resources PLC
04 December 2006

Ascent Resources plc ('Ascent' or 'the Company')

Spanish production and exploration update


Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, has made significant progress with its production and exploration
activities in the Sedano Basin in Northern Spain, which it believes has
considerable upside potential. The Company has stabilised production from the
Ayoluengo field, obtained permits for two appraisal wells to be drilled in known oil bearing structures in its exploration areas and submitted an application for contiguous exploration acreage with known gas potential.

Last week, the Official Gazette of Spain published the final approval of the
transfer of the 25% interest in the La Lora Concession from Petroleum Oil and
Gas Espana to Ascent's affiliate NPEL (as announced on February 14th, 2006). As
part of the consideration, Ascent is issuing 562,967 New Ordinary Shares at 12
pence per share (value of 100,000). Accordingly, application has been made for
the admission of these new shares to trading on the AIM market where they will
rank pari passu with the existing ordinary shares of 0.1 pence each in the
Company. Dealings in the New Ordinary Shares are expected to commence on
December 6th, 2006.

Production on the Ayoluengo oilfield within the La Lora Concession (Ascent:
88.75%, Gold Oil plc: 11.25%) has been maintained at over 110 barrels of oil per day for the past eight months (November average: 116 bopd) following the summer implementation of a workover programme designed to improve well efficiency. Further production enhancements are being planned to increase production and further improve profitability by Q2 2007 including additional workovers, new oil production technology and enzyme treatments for enhanced oil recovery.

On the exploration front, permits for drilling have been granted for the
Hontomin-4 Well in the Huermeces Concession and the Tozo-1 Well in the
Basconcillos 'H' Concession. Drilling will commence when the drilling rig
arrives from Italy after drilling the Anagni-1 Well, which is scheduled to spud
this week. Seismic interpretation is on-going in the Valderredibles concession
to map oil bearing prospects in that area.

Through its newly incorporated operating company, Compania Petrolifera de Sedano (CPdS), Ascent has submitted an application for exploration acreage to the east where two wells have discovered deep high pressure gas. Ascent, as in the other exploration areas, has a 50% interest in this Rocamundo application.

Ascent's Managing Director Jeremy Eng said, 'We are making good progress in
Spain. The Company benefits from the steady cash-flow from the Ayoluengo
oilfield and the prospect of higher production rates from the field and
additional reserves from the new wells provides considerable upside. The
expansion of the exploration areas demonstrates the viability of an exclusively
European portfolio where there are still plenty of unlicensed opportunities to
be exploited.'

* * ENDS * *

seawallwalker - 04 Dec 2006 11:29 - 156 of 421

Good RNS.

Excellent company

PapalPower - 05 Dec 2006 14:09 - 157 of 421

5.8m in large buys today, would say the overhang might be clearing.

L2 now up and 4 v 1 @ 11.75/12.5


I would guess FGY-2 is looking good, and someone given the nod to clear the overhang ???????? Speculation only by me.

seawallwalker - 05 Dec 2006 14:18 - 158 of 421

Spot on PP.

Good call.

PapalPower - 08 Dec 2006 15:33 - 159 of 421

Well, now expecting news on both CPNR and AST next week, could be exciting.

PapalPower - 10 Dec 2006 18:16 - 160 of 421

.

oilyrag - 11 Dec 2006 18:07 - 161 of 421

Sorry PP, AST down and out for now, still TMC up and CPNR small correction.

seawallwalker - 11 Dec 2006 20:30 - 162 of 421

I don't think it's time for me to sell these while they are on a 6 well drill campaign over this year coming.

A wet hole(better known as a duster), is to be expected when the industry average is 10%.

The water contact could possibly be a clue to oil being above that, and then gas above that. This could be the reason why the other minority partners have increased their option today on the field imo.

I am easily spooked with these E & P oilers, but in this case, I am relaxed and confident of the eventual outcome say in a couple of years time.

If you look above in the header most of the directors have bought above todays level.

I bought in lower!

If the fundamentals have not changed, and they haven't, then I think I will stay.

Others must do as they think they should.

As always please dyor etc.

PapalPower - 12 Dec 2006 11:27 - 163 of 421

Well, the Italian well is the next one up, it should have spudded last week, and the Po Valley is another important one for AST.

The results from the FGY-2 drill had positive vibes, in the reservoir found, ok in this location its water, but the reservoir is in many places, and some will no doubt yield gas, so for the long term, it was a good result to find such high quality reservoir structure, for the short term sad its water filled. Next Hungary drilling should be March 07 now, they are still very excited over it.

PapalPower - 16 Dec 2006 07:36 - 164 of 421

A chance to get answers to any questions you have on Ascent !

Follow this link and click through to the Ascent forum to post your question. (Its free to register and use)

http://www.proactiveinvestors.co.uk/registered/bb/index.php

Proactive investors are interviewing Ascent Resources Next Week.

Jeremy Eng, MD of Ascent Resources will be taking part in a audio interview in the coming weeks. If you have a question you would like to put forward to him, please leave it on this board and we will try to get an answer for you.

Please remember that directors of publicly listed companies cannot disclose price sensitive information or information otherwise not in the public domain, so make sure your questions are well crafted !

http://www.proactiveinvestors.co.uk/registered/bb/index.php

PapalPower - 18 Dec 2006 16:25 - 165 of 421

18th December 2006

Ascent Resources plc ('Ascent' or 'the Company')
Commences drilling Anagni-1 Well in Italy

Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, has commenced the drilling of the Anagni-1 well in the Frosinone
Exploration Permit about 80km east-south-east of Rome, with Pentex Italia
Limited as operator.

Anagni-1, which is primarily designed as a stratigraphic (geological research)
well, is planned to be drilled to a depth of 1,000m. The well location is in
the Latina Valley in the Frosinone Exploration Permit (Ascent 70% interest) and
is circa 40km north-east of the Ripi oilfield in the Strangolagalli Concession
(Ascent 50% interest in the exploration rights). The Anagni-1 well will
investigate the shallow and intermediate Cretaceous Carbonate plays of the
Anagni Structure, which may contain oil reservoirs.

The drilling of the Anagni-1 well commenced on December 16th. On completion of
this well, the rig is scheduled to move to Spain to drill the Hontomin 4
appraisal well in the Huermeces Exploration Permit (Ascent 50%). The drilling
of the Arrone-1 well in the Fiume Arrone Exploration Permit (Ascent 40%) has
been postponed and now may be drilled, contingent upon access to the drilling
location, when the rig returns from Spain.

Ascent Resources Managing Director Jeremy Eng said, 'The results of the Anagni-1
well will be very interesting, as we know that there is oil in the immediate
vicinity. The seismic resolution in this area is poor, hence the necessity for
this stratigraphic well, which none the less has the potential to make a notable
oil discovery. Our drilling programme is continuing and we are looking forward
to the Hontomin well which is close to our existing production from the
Ayoluengo oilfield in northern Spain'.

* * ENDS * *

Peter011 - 19 Dec 2006 11:02 - 166 of 421

having pulled out of SCR which has since
plummeted to 8.50 I have followed this
share AST as well. Seems a good time to buy.
Yet nothing in oil is moving see Sterling.

seawallwalker - 19 Dec 2006 11:39 - 167 of 421

Sterling is not atypical for oil stocks.

There is a good reason why that has not moved.

Chinguetti.

They get that right with the remedial, things will move once the expected flow of 10kbopd is shown as reliable.

If they don't.............!


Thanks for th heads up on SCR, not been keeping up there.

I will look for the reversal of the trend there to buy.

AST - no problems here.

silvermede - 08 Jan 2007 14:13 - 168 of 421

LONDON (AFX) - Aurelian Oil & Gas PLC said its Romanian subsidiary will buy Ascent Resources PLC's unit Millennium International Resources Corporation Limited for 2 mln eur in cash.

Millennium's sole assets comprise its 5 pct interest in the Brodina, Cuejdiu

and Bacau concessions in Romania, where Aurelian is already a co-venture partner

and operator.

The acquisition increases Aurelian's stake in the Brodina and Cuejdiu concessions to 33.75 pct, and in the Bacau concession to 52.5 pct.

Michael Seymour, managing director of Aurelian added that 'drilling in our

Brodina concession is expected to commence around March 1 of this year.'

Ascent said in a separate statement that the proceeds of the sale will be used to further develop its operated European exploration and production portfolio.

Ascent managing director Jeremy Eng said: 'The increase in the value of

Millennium since we acquired it in April prompted the board to sell this non

core asset and invest the proceeds in Ascent's extensive operated portfolio.'

newsdesk@afxnews.com

ks

silvermede - 08 Jan 2007 14:17 - 169 of 421

Ascent Resources PLC
08 January 2007





Ascent Resources plc ('Ascent' or the 'Company')


Disposal of Romanian Interests


Ascent Resources plc, the AIM-traded European oil and gas exploration and
production company, has entered into an agreement to sell its wholly owned
subsidiary, Millennium International Resources Corporation Limited
('Millennium'), to Aurelian Oil & Gas PLC for a cash consideration of
EUR 2,000,000. The assets of Millennium are a 5 per cent. non-operated interest
in three concessions in Romania. The proceeds of the sale will be used to
further develop Ascent's operated European exploration and production portfolio.


Millennium's Romanian assets, the 5 per cent. interest in the Brodina, Cuejdiu
and Bacau concessions, although producing some gas from the Bilca development,
were non core to the Company's strategy. With a substantial appreciation in the
value of the Millennium assets, the decision was taken to realise this value and
to invest the proceeds in accelerating the development of Ascent's operated
interests. Following the disposal, Ascent will hold interests of 50 per cent. or
more in the majority of its portfolio located in Italy, Switzerland, Hungary,
Spain and offshore Netherlands.


From gas sales in October, November and December 2006, Millennium had a turnover
(unaudited) after Government Royalty of EUR 70,000.


Ascent Managing Director Jeremy Eng said: 'The increase in the value of
Millennium since we acquired it in April prompted the Board to sell this non
core asset and invest the proceeds in Ascent's extensive operated portfolio. We
are currently drilling our third well in as many months. When the rig has
finished in Italy, it will move to Spain to continue drilling. Despite our high
level of activity, and with more Hungarian and Italian drilling already planned,
Ascent's portfolio includes 15 operated projects that will remain undrilled at
the conclusion of this campaign.'


* * ENDS * *

PapalPower - 25 Jan 2007 09:21 - 170 of 421

News now due from Italy, will it be good or bad.....its a geologic drill, so interest is in the structure and potential, not about hitting oil or anything.
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